! Improvements Description and Analysis 42 , Improvements Description and Analysis The subject is an existing 250-slip marina with 5 commercial buildings containing a mixture of retail and office space types. The buildings contain 48,661 square feet of rentable area and were ; constructed in multiple stages; with the majority of the construction completed in 1993. The commercial space is 85% leased as of the effective appraisal date. The marina docks were constructed in multiple phases between 1991-1995 and are 52.8% occupied as of the effective appraisal date. The : total site area is 2.76 acres or 120,226 square feet, which includes 0.64 acre or 27,878 square feet, that is re-claimed land. The property also includes 3.2 acres of seabed under the marina dock . structures which is leased to the property owner from the Government of the Virgin Islands. | Improvements Description | Name of Property IGY American Yacht Harbor Marina : General Property Type Mixed Use ' Property Sub Type Marina Competitive Property Class B | Occupancy Type Multi-Tenant | Percent Leased 85% Number of Tenants 36 ' Tenant Size Range (SF) 292 - 6,000 | Number of Buildings 5 Stories 3 : Construction Class A | Construction Type Steel frame ; Construction Quality Good , Condition Good | Units per Acre (Density) 38.0 Gross Building Area (SF) 72,808 . Rentable Area (SF) 48,652 : Land Area (SF) 120,226 : Floor Area Ratio (RA/Land SF) 0.40 Floor Area Ratio (GBA/Land SF} 0.61 Building Area Source Rent roll and land survey by Brian Moseley dated 12/10/2010 i Year Built 1992 Year Renovated N/A : Actual Age (Yrs.) 23 : Estimated Effective Age (Yrs.) 15 Estimated Economic Life (Yrs.} 55 i Remaining Economic Life (Yrs.} 40 : Number of Parking Spaces 167 Source of Parking Count Inspection : Parking Type 89 surface; 78 covered, underground Parking Spaces/1,000 SF RA 3.43 ; IGY American Yacht Harbor Marina HOUSE_OVERSIGHT_018853