Develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE Rentable Area 334,000 square feet Age 8 years Number of Stories 15 Number of Tenants 40 Financial Information: Base Rent Average $ 20 per square feet Other Income/Parking/Storage $ 3.20 per square feet Expenses Recoverable from Tenants $ 4.20 per square feet Current Vacancy 5% Expenses: Management/Administration/Security/Ownership $ 698,400 Property Taxes $ 683,500 Insurance $ 433,400 General Operations/Leasing Expense/Marketing $ 675,500 Utilities $ 1,167,600 Janitorial/Cleaning $ 497,500 Business Taxes $ 118,500 Other: Recurring CAPEX/Improvement Allowance $ 708,500
Develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE Rentable Area 334,000 square feet Age 8 years Number of Stories 15 Number of Tenants 40 Financial Information: Base Rent Average $ 20 per square feet Other Income/Parking/Storage $ 3.20 per square feet Expenses Recoverable from Tenants $ 4.20 per square feet Current Vacancy 5% Expenses: Management/Administration/Security/Ownership $ 698,400 Property Taxes $ 683,500 Insurance $ 433,400 General Operations/Leasing Expense/Marketing $ 675,500 Utilities $ 1,167,600 Janitorial/Cleaning $ 497,500 Business Taxes $ 118,500 Other: Recurring CAPEX/Improvement Allowance $ 708,500
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
V1
Question: Develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below.
Property Information: WEST OFFICE
Rentable Area 334,000 square feet
Age 8 years
Number of Stories 15
Number of Tenants 40
Financial Information:
Base Rent Average $ 20 per square feet
Other Income/Parking/Storage $ 3.20 per square feet
Expenses Recoverable from Tenants $ 4.20 per square feet
Current Vacancy 5%
Expenses: Management/Administration/Security/Ownership $ 698,400 Property Taxes $ 683,500 Insurance $ 433,400 General Operations/Leasing Expense/Marketing $ 675,500 Utilities $ 1,167,600 Janitorial/Cleaning $ 497,500 Business Taxes $ 118,500 Other: Recurring CAPEX/Improvement Allowance $ 708,500
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you

Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,

Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education