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SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) <br />Value of Parent Property, Before Taking: (Continued) <br />Sales Comparison Approach: (Continued) <br />Value as Improved: (Continued) <br />Land Size Corner <br />Zoning <br />Data Date Bldg. Size Built <br />Drive - through <br />4. 3 -13 24,416 sf yes <br />PR <br />3,050 sf 1963 <br />yes <br />171 ,East Is` Street, Tustin <br />5. 8 -13 29,708 sf no <br />CT <br />3,846 sf 2000± yes <br />26801 Aliso Creek Road, Aliso Viejo <br />6. 10 -13 32,485 sf no C -2 <br />4,006 sf 2008 yes <br />2511 South Bristol Street, Santa Ana <br />Land/Bldg. <br />$ /SF Land <br />Ratio <br />Sale Price <br />$ /SF Bldg. <br />8.01:1 <br />$1,900,000. <br />$ 77.82 <br />$622.95 <br />7.72:1 <br />$3,194,500. <br />$107.53 <br />$830.60 <br />8.11:1 <br />$2,510,000. <br />$ 77.27 <br />$626.56 <br />The improved properties surveyed contain fast food restaurant buildings ranging in size from <br />2,400 to 4,006 square feet. The buildings were constructed between 1963 and 2008, and are <br />situated on parcels ranging in size from 24,416 to 33,106 square feet of land area. The sale <br />properties employed herein represent the most recent comparable improved sale properties <br />available for analysis. <br />The overall purchase price has been utilized as the primary unit of analysis in the Sales <br />Comparison Approach. Secondary consideration has been assigned to the price per square foot <br />of land area and purchase price per square foot of building area. The overall purchase prices <br />range between $1,900,000 and $3,194,500, reflecting $64.17 to $110.14 per square foot of land <br />area and $622.95 to $830.60 per square foot of building area. <br />As in the case of the previous land value analysis, differing market conditions were considered <br />in the analysis of the improved fast food restaurant properties. Certain of the improved sales <br />data considered extended over a time period back to the last quarter of 2012. The time frame <br />permitted the development of a rather comprehensive real estate market profile. The sales <br />employed in this report are set forth in chronological order, and tools place between November, <br />2012 and October, 2013. Inasmuch as the sales tools place during stable market conditions, <br />adjustments for same are not warranted. <br />After viewing each of the sale properties, and obtaining certain information pertinent to value, <br />the appraiser analyzed the various elements of comparability for each sale property which, <br />among others, include the following: <br />75A -14 <br />