You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE PLAZA Rentable Area Age Number of Stories Number of Tenants Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy Expenses: Property Taxes Insurance Management/Administration/Security/Ownership 334,000 square feet 8 years General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance Revenue Add: 15 40 Less: Less: Operating expenses Required: a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza. WEST OFFICE PLAZA Total operating expenses Cap expenses/Improvement allowance $20 per square feet $ 3.20 per square feet $ 4.20 per square feet 5% $698,400 $ 683,500 $ 433,400 $ 675,500 $ 1,167,600 $ 497,500 $ 118,500 $ 708,500
You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE PLAZA Rentable Area Age Number of Stories Number of Tenants Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy Expenses: Property Taxes Insurance Management/Administration/Security/Ownership 334,000 square feet 8 years General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance Revenue Add: 15 40 Less: Less: Operating expenses Required: a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza. WEST OFFICE PLAZA Total operating expenses Cap expenses/Improvement allowance $20 per square feet $ 3.20 per square feet $ 4.20 per square feet 5% $698,400 $ 683,500 $ 433,400 $ 675,500 $ 1,167,600 $ 497,500 $ 118,500 $ 708,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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 with 2 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education