Question
An office complex has the following operating expenses in year one janitorial $12,500 insurance $13,500 maintenance $14,050 property taxes $8,651 landscaping $8,248 The following tenants
An office complex has the following operating expenses in year one
janitorial $12,500
insurance $13,500
maintenance $14,050
property taxes $8,651
landscaping $8,248
The following tenants have agreed to reimburse for CAM expenses according to the following lease terms
Office 1 (4,800 sq ft) Up to $2.55 psf
Office 2 (4,600 sq ft) Up to $2.70 psf
Office 3 (4,300 sq ft) Up to $2.90 psf
Office 4 (3,000 sq ft) Up to $3.15 psf
Deli (1,500 sq ft) Up to $1.50 psf
Please show me your work to answer these questions, highlight your answers.
- What is the Op Ex for year one?
- What will each tenant reimburse in year one?
- At the end of year one, what will be the unreimbursed amount?
Can you teach me how to work this out in excel?
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