Question
Complete pro forma for NOI and BTCF Commercial Complex 4 tenants Property will be held for 5 years Tenant Lease Type Size Current Lease Rate
Complete pro forma for NOI and BTCF
Commercial Complex 4 tenants Property will be held for 5 years
Tenant | Lease Type | Size | Current Lease Rate | Rent Growth | CAM |
Bank | NNN | Outparcel | $75,000/yr | 1.75% |
|
Retailer | Percentage | 4,200 | $4.25 sq ft Plus 5% revenue | Tenant revenue is expected to grow at 3.35% per year Year 1 Revenues are $350,000 | Limited to $3.35 per sq foot Pro rata on sq feet |
Office |
| 3,000 | $18 sq ft | CPI | None |
Office |
| 3,800 | $16 | CPI | Limited to $3.65 per sq foot Pro rata on sq feet |
OP EX Category | Cost | Growth Rate |
Utilities | $1.20 per sq ft | 2.4% per year |
Taxes | $9,500 per year | 2.5% per year |
Insurance | $0.50 per sq ft | 1.5% per year |
Maintenance | $0.85 per sq ft | 3.0% per year |
CPI | Rate |
Years 1-3 | 2.1% |
Years 4-7 | 2.8% |
Years 8-10 | 3.1% |
Part Two Questions:
- Calculate The Max Debt for this property.
- Calculate the amount of equity needed for this property.
- Calculation the Net Sale Proceeds to Owner.
Going In Cap Rate | 6.25% |
Terminal Cap Rate | 6.15% |
Loan Interest Rate | 4.45% |
Max loan to value for debt | 60% |
Required Debt Service Coverage | 1.40 |
Discount Rate | 11% |
Loan Term | 20 years |
Loan Fees | 2.2% |
Can you teach me how to do this on excel?
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