 A 562,817
square foot office industrial building located at 2452 Emma Oaks Trail, Lake
Mary, Florida. This was the former Leisure Bay Industries World Headquarters and REO property. The property was recently sold and is operating as a multi-tenant industrial property, Innovations at Lake Mary and currently operating at a below market occupancy. The Appraisal problem was to estimate the “As Is” and “Upon Stabilization” values in a down real estate market and analyze the cost to bring to stabilization. |
Introductory PackageServing all of Central Florida Robert R. Risner, MAI, President of RRA grew up in Central Florida and has appraised commercial property throughout the Orlando Metropolitan area and the State of Florida for over 25 years. Mr. Risner is also a graduate of both the University of Florida and Florida State University (MBA) and has also been a state certified general appraiser and designated member of the Appraisal Institute since 1990.  |
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