Commercial Building Valuation Report

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1 INSURED State Office of Risk Management Effective Date: 300 W 15th Street Expiration Date: Austin, TX Cost as of: 12/2013 BUILDING 1 Athletics/PCI N. Ben Wilson Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 Occupancy: 100% Classroom (University) Story Height: 15 ft. Construction Type: 100% Masonry Non-Combustible (ISO 4) Number of Stories: 1 Gross Floor Area: 8,000 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 1982 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 1,621 Foundations 85,631 Foundation Walls, Interior Foundations, Slab On Ground Exterior 452,809 Framing, Exterior Wall, Structural Floor, Roof Interior 285,150 Floor Finish, Ceiling Finish, Partitions Mechanicals 365,498 Page 1

2 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 143,962 SUBSTRUCTURE TOTAL RC 1 $1,334,672 TOTAL RC BUILDING1 Athletics/PCI $1,334,672 Page 2

3 BUILDING 2 Facility Maintenance Shop N Ben Wilson Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 Occupancy: 100% Warehouse, Light Story Height: 15 ft. Construction Type: 100% Non-Combustible (ISO 3) Number of Stories: 1 Gross Floor Area: 3,000 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 2004 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 801 Foundations 41,024 Foundation Walls, Interior Foundations, Slab On Ground Exterior 109,605 Framing, Exterior Wall, Structural Floor, Roof Interior 12,771 Floor Finish, Ceiling Finish, Partitions Mechanicals 28,095 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 1,895 SUBSTRUCTURE Page 3

4 TOTAL RC 1 $194,194 TOTAL RC BUILDING2 Facility Maintenance Shop-218 $194,194 Page 4

5 BUILDING 3 Jaguar Hall E Houston Hwy Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 1-Story Section Occupancy: 100% Dormitory Story Height: 9 ft. Construction Type: 100% Masonry Non-Combustible (ISO 4) Number of Stories: 1 Gross Floor Area: 28,300 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 1964 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 6,074 Foundations 247,728 Foundation Walls, Interior Foundations, Slab On Ground Exterior 1,031,852 Framing, Exterior Wall, Structural Floor, Roof Interior 1,084,509 Floor Finish, Ceiling Finish, Partitions Mechanicals 1,419,913 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 232,990 SUBSTRUCTURE Page 5

6 TOTAL RC 1 1-Story Section $4,023,065 Page 6

7 2 2-Story Section Occupancy: 100% Dormitory Story Height: 9 ft. Construction Type: 100% Masonry Non-Combustible (ISO 4) Number of Stories: 2 Gross Floor Area: 80,952 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 1965 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 8,687 Foundations 338,291 Foundation Walls, Interior Foundations, Slab On Ground Exterior 2,748,710 Framing, Exterior Wall, Structural Floor, Roof Interior 3,101,288 Floor Finish, Ceiling Finish, Partitions Mechanicals 3,942,391 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 666,467 SUBSTRUCTURE TOTAL RC 2 2-Story Section $10,805,834 TOTAL RC BUILDING3 Jaguar Hall-219 $14,828,899 Page 7

8 BUILDING 4 Jaguar Court E Houston Hwy Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 Occupancy: 100% Dormitory Story Height: 9 ft. Construction Type: 100% Frame (ISO 1) Number of Stories: 2 Gross Floor Area: 32,096 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 1977 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 3,444 Foundations 153,193 Foundation Walls, Interior Foundations, Slab On Ground Exterior 868,452 Framing, Exterior Wall, Structural Floor, Roof Interior 928,325 Floor Finish, Ceiling Finish, Partitions Mechanicals 1,677,242 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 264,242 SUBSTRUCTURE Page 8

9 TOTAL RC 1 $3,894,897 TOTAL RC BUILDING4 Jaguar Court-220 $3,894,897 Page 9

10 BUILDING 5 Jaguar Suites E Houston Hwy Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 Occupancy: 100% Dormitory Story Height: 9 ft. Construction Type: 100% Frame (ISO 1) Number of Stories: 3 Gross Floor Area: 81,721 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 2013 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 5,846 Foundations 239,720 Foundation Walls, Interior Foundations, Slab On Ground Exterior 1,659,160 Framing, Exterior Wall, Structural Floor, Roof Interior 2,351,850 Floor Finish, Ceiling Finish, Partitions Mechanicals 4,194,476 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 672,799 SUBSTRUCTURE Page 10

11 TOTAL RC 1 $9,123,848 TOTAL RC BUILDING5 Jaguar Suites-221 $9,123,848 Page 11

12 BUILDING 6 Facilities N Ben Wilson Victoria, TX Location Adjustments Climatic Region: High Wind Region: Seismic Zone: 1 - Warm 2 - Moderate Damage 0 - No Damage 1 Occupancy: 50% Warehouse, Light Story Height: 12 ft. 50% Office, Low-Rise 12 ft. Construction Type: 100% Non-Combustible (ISO 3) Number of Stories: 1 Gross Floor Area: 8,400 sq. ft. Irregular Adjustment: None Construction Quality: Superior - Year Built: 2009 Adjustments Hillside Construction: Degree of Slope: Level Site Accessibility: Excellent Site Position: Unknown Soil Condition: Excellent Fees Architect Fees: 7% is included Profit and Overhead: 20% is included SUMMARY OF COSTS Reconstruction Site Preparation 2,136 Foundations 94,107 Foundation Walls, Interior Foundations, Slab On Ground Exterior 256,066 Framing, Exterior Wall, Structural Floor, Roof Interior 112,022 Floor Finish, Ceiling Finish, Partitions Mechanicals 254,112 Heating, Cooling, Fire Protection, Plumbing, Electrical, Elevators Built-ins 50,239 Page 12

13 SUBSTRUCTURE TOTAL RC 1 $768,683 TOTAL RC BUILDING6 Facilities-224 $768,683 Reconstruction sq. ft. VALUATION GRAND TOTAL $30,145, ,469 $ Page 13

14 INSURED State Office of Risk Management Effective Date: 300 W 15th Street Expiration Date Austin, TX Cost as of: 12/2013 BUILDING1 : Reconstruction sq. ft. $/sq. ft. Section 100% Classroom (University) $1,334,672 8,000 $ BUILDING1 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 100% Classroom (University) $1,334,672 8,000 $ BUILDING 1 TOTAL, Athletics/PCI $1,334,672 8,000 $ BUILDING1 INSURANCE SUMMARY Total Insured Amount $487,581 Percent of Insurance to Value 37% 100% Co-insurance Requirement $1,334,672-63% Variance $-847,091 BUILDING2 : Reconstruction sq. ft. $/sq. ft. Section 100% Warehouse, Light $194,194 3,000 $64.73 BUILDING2 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 100% Warehouse, Light $194,194 3,000 $64.73 Page 14

15 BUILDING 2 TOTAL, Facility Maintenance Shop-218 $194,194 3,000 $64.73 BUILDING2 INSURANCE SUMMARY Total Insured Amount $378,880 Percent of Insurance to Value 195% 100% Co-insurance Requirement $194,194 95% Variance $184,686 BUILDING3 : Reconstruction sq. ft. $/sq. ft. Section 1-Story Section $4,023,065 28,300 $ % Dormitory Section 2: 2-Story Section $10,805,834 80,952 $ % Dormitory BUILDING3 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. 2: $0 0 $0.00 $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 2: 1-Story Section $4,023,065 28,300 $ % Dormitory 2-Story Section $10,805,834 80,952 $ % Dormitory BUILDING 3 TOTAL, Jaguar Hall-219 $14,828, ,252 $ BUILDING3 INSURANCE SUMMARY Total Insured Amount $10,700,800 Percent of Insurance to Value 72% 100% Co-insurance Requirement $14,828,899-28% Variance $-4,128,099 Page 15

16 BUILDING4 : Reconstruction sq. ft. $/sq. ft. Section 100% Dormitory $3,894,897 32,096 $ BUILDING4 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 100% Dormitory $3,894,897 32,096 $ BUILDING 4 TOTAL, Jaguar Court-220 $3,894,897 32,096 $ BUILDING4 INSURANCE SUMMARY Total Insured Amount $3,750,000 Percent of Insurance to Value 96% 100% Co-insurance Requirement $3,894,897-4% Variance $-144,897 BUILDING5 : Reconstruction sq. ft. $/sq. ft. Section 100% Dormitory $9,123,848 81,721 $ BUILDING5 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 100% Dormitory $9,123,848 81,721 $ BUILDING 5 TOTAL, Jaguar Suites-221 $9,123,848 81,721 $ BUILDING5 INSURANCE SUMMARY Total Insured Amount $11,500,000 Page 16

17 Percent of Insurance to Value 126% 100% Co-insurance Requirement $9,123,848 26% Variance $2,376,152 BUILDING6 : Reconstruction sq. ft. $/sq. ft. Section 50% Warehouse, Light $768,683 8,400 $ % Office, Low-Rise BUILDING6 : SUBSTRUCTURE Reconstruction sq. ft. $/sq. ft. $0 0 $0.00 Section Totals Reconstruction sq. ft. $/sq. ft. 50% Warehouse, Light $768,683 8,400 $ % Office, Low-Rise BUILDING 6 TOTAL, Facilities-224 $768,683 8,400 $91.51 BUILDING6 INSURANCE SUMMARY Total Insured Amount $630,906 Percent of Insurance to Value 82% 100% Co-insurance Requirement $768,683-18% Variance $-137,777 VALUATION GRAND TOTAL $30,145, ,469 $ Page 17

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