Integra Realty Resources – San Diego has completed a commercial appraisal of a property subject to a ground lease located in the Otay Mesa region in San Diego County. The subject consists of two parcels totaling 67.53 acres; however only a portion of the property (16 acres) was valued. These 16 acres were improved as a yard storage property that was about 41% leased to multiple tenants. This valuation, done for loan underwriting purposes for a lender, involved the valuation of several premises, including the as is value of the fee simple interest, and the prospective market value of the leased fee interest.
If you have any ground lease valuation questions or needs, please contact us today at 858-259-4900 or email@example.com.