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storage uses. Other permitted uses included light manufacturing,
warehouses, laboratories, offices, and incidental retail sales.
All utilities were available to the Parker Property. The
Parker Street frontage was partially improved with curbs,
gutters, and streetlights, and the Lafayette Street frontage was
improved with curbs, gutters, sidewalks, and streetlights.
The Parker Property was improved with buildings that
provided office space, storage space, and shop space.9
At decedent’s death, the Parker Property was leased to
Pacific Coast Building Products, Inc. (hereinafter sometimes
referred to as Pacific), a roofing company,10 for $1,500 per
month. The original lease was for 10 years and expired on May
31, 1990. At the expiration of the lease’s initial term and at
decedent’s death, Pacific was holding over on a 5-year extension,
9 Petitioner’s expert witness report discusses an office
building (4,854 sq. ft.), a machine shop (7,200 sq. ft.), and
lumber storage buildings (1,200 sq. ft.), for a total of 13,254
square feet of building improvements. Respondent’s expert
witness report discusses an office building (3,058 sq. ft.) and a
storage shed (5,662 sq. ft.), for a total of 8,720 square feet of
building improvements. Neither side has favored us with a
reconciliation of these widely divergent descriptions or an
attempt to show why that side’s description is more accurate than
the other side’s description.
10 Petitioner’s expert witness report states that the Parker
Property was “leased to a trucking company.” Our finding that
the Parker Property was leased to a roofing company is contrary
to this statement in the expert witness report and is based on
(1) Hinz’ testimony and (2) a copy of the lease attached to the
same expert witness report.
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