Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help Construct an income proforma operating statement using the lowiowing iniomialori. Subject. 1 9 8 , 0 0 0 SF warehouse Income: Market

I need help
Construct an income proforma operating statement using the lowiowing iniomialori.
Subject. 198,000 SF warehouse
Income:
Market rent is $11.00 SF with industrial gross terms. Industrial gross in this market means the landlord pays for taxes, insurance, common area maintenance (CAM), management, and replacement reserves.
The property receives other income from leasing trailer parking spaces. They currently lease 100 spaces for 575 per space per month.
Vacancy and collection loss:
Market vacancy in this market is 5.5%. Market collection loss is 1.0%.
Operating expenses:
Insurance: $0.25SF
Real estate taxes: $350SF
CAM: $1.50? SF
Management fee: 3% of EGI
Replacement reserves: Based on a sinking tund factor for $6. O0/SF for 10 years in an interestbearing account with an annual interest rate of 5.5%(annual compounding).
Show the following, rounded to the nearest dollar.
Annual rental income, shown in whole dollars
Annual other income, shown in whole dollars
PGI, shown in whole dollars
PGI, shown in S/SF of building
Vacancy & collection loss, shown in whole dollars
EGI, shown in whole dallars
EGI, shown in $SF of building
Individual operating expenses, shown in whole dollars (5 individual line items)
Total operating expenses, shown in whole dollars
Total operating expenses, shown in SSF of building
OER, shown as a percentage
NOI, shown in whole dollars
NOI, shown in $SSF of building

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance For Non Financial Managers

Authors: Dora Hancock

1st Edition

0749480017, 9780749480011

More Books

Students also viewed these Finance questions