Integra – San Diego appraised the Aventine, an existing multi‐tenant office and retail property containing 239,949 square feet of rentable area. The improvements were constructed in 1990 and are 91% leased as of the effective appraisal date. The site area is 6.48 acres or 282,269 square feet. The property was in escrow at the time of the appraisal. Integra – San Diego provided valuation, and also provided the allocated values of the retail component (including retail garage) and the office component (including office garage) of the subject property. We also developed an opinion of the prospective stabilized market value of the leased fee interest in the property, as of the prospective date of value in 2016.
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