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i <br /> i <br /> Comparative Market Analysis <br /> 117 Industrial Drive Extension, Mashpee, MA <br /> I This property is owned by the Town of Mashpee having taken deed for the property <br /> through tax title in December, 2000 and is in the care and custody of Mashpee Economic <br /> Development and Industrial Corporation (EDIC). The EDIC is considering selling this <br /> parcel in order. to generate seed money for purposes of fulfilling its mission. The 2.7 <br /> acre parcel is sited in the southeast quadrant of the Mashpee Industrial Park and is <br /> I zoned I-1. Some of the more feasible allowable uses under this zoning include facilities <br /> for: <br /> O Worship • RadiolTV Studios <br /> IO Governmental or supporting services • Repair <br /> Educational C LaundrylDry Cleaning <br /> I i Social Clubs/Lodges • Printing/Binding <br /> Agricultural • Bottling <br /> I S Office V Manufacturing/AssemblylPackaging <br /> 6 Laboratories/Research • WholesalelStorage <br /> IThe chart on the following page summarizes the few recent sales in the Industrial Park . <br /> Area (also including Commercial Street and Mercantile Way) as well as most of the <br /> I parcels within the same area currently on the market. There are additional available <br /> parcels in the area which are not being actively marketed. In addition, a parcel at the <br /> corner of Industrial Drive and Commercial Street is believed to be under agreement for <br /> development of office condo's which the sale contingent upon the pre-sale of some <br /> units. <br /> A review of these data indicate that recent sales have averaged 100% of assessed <br /> valuations and $187,793 per acre. A review of other properties currently on the market <br /> suggests their asking prices are unrealistic, at best. <br />