Question
An office complex has the following operating expenses in year one janitorial$10,500 insurance$12,900 maintenance$13,025 property taxes$13,651 landscaping$6,248 The following tenants have agreed to reimburse for
An office complex has the following operating expenses in year one
janitorial$10,500
insurance$12,900
maintenance$13,025
property taxes$13,651
landscaping$6,248
The following tenants have agreed to reimburse for CAM expenses according to the following lease terms
Office 1 (5,200 sq ft)Up to$2.50 psf
Office 2(4,300 sq ft)Up to$2.65 psf
Office 3(4,100 sq ft)Up to $2.90 psf
Office 4(2,800 sq ft)Up to $3.25 psf
Deli (2,200 sq ft)Up to $1.25 psf
Please show work and use excel if possible
1) What is the Op Ex for year one?
2) What will each tenant reimburse in year one?
3) At the end of year one, what will be the unreimbursed amount?
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