The document is a self-contained appraisal report for the American Yacht Harbor & Marina located at 6100 Red Hook Quarters #2, St. Thomas, USVI. The report was prepared by CBRE for Mark Lande of IGY-AYH St. Thomas Holdings, LLC and Cassandra P. Webster-Hodge of Banco Popular Virgin Islands. It includes a detailed analysis of the property, which is a mixed-use retail/office/marina development. The appraisal concludes a market value of $21,000,000 as of June 19, 2007, based on the income capitalization approach. The report also includes a sales comparison approach and a discounted cash flow analysis. The property consists of 2.12 acres of landside area and 3.20 acres of submerged land, with 130 dock slips and various amenities.
documents/EFTA00787768.pdf
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