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DocuSign Envelope ID:3067492C-60EC-432D-9750-FF3FBB8741DF <br /> County recommends applying a E07 economic market adjustment to the property for a revised valuation <br /> of$14,157,300 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review, Chair Beattie made a motion to accept the County's recommended value of <br /> $14,157,300. Mr. Meyers seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> STAG MEBANE 2 LLC PIN 9824576520 <br /> Alexander Carr appeared before the Board on behalf of Stag Mebane 2 LLC to appeal the value of the <br /> property located at 7600 Oakwood Street, Mebane. The current assessed value of the property is <br /> $14,894,800. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9824576520 Appeal 9824576520 County <br /> The appellant is requesting that the Board reduced the valuation to $10,073,000 based on a market pro <br /> forma for 2020. The property contains 10.418 acres and includes 194,909 square feet of industrial and <br /> office buildings. <br /> Mr. Chris Mashburn from CCA represented the County and stated that upon review by the appraisal firm, <br /> it was determined that the indicated value of the property from the sales comparison approach is <br /> $12,448,342 and the indicated value of the property by the income approach is $11,670,876. Each <br /> indication of value was weighted 50%for a reconciled valuation of$12,059,609. <br /> As a result of this review,the County recommends applying an E19 economic market adjustment to the <br /> property for a revised property valuation of$12,059,609. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review, Chair Beattie made a motion to accept the County's recommended valuation of <br /> $12,059,609 for the property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> STAG MEBANE 3 LLC PIN 9825807659 <br /> Alexander Carr appeared before the Board on behalf of Stag Mebane 3 LLC to appeal the value of the <br /> property located at 7110 E.Washington Street,Mebane. The current assessed value of the property is <br /> $16,357,900.A list of evidence follows: <br />