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
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Transcribed Image Text: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:
334,000 square feet
8 years
Management/Administration/Security/Ownership
Property Taxes
Insurance
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
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