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I'm looking for help with Step by Step for entering data in ARGUS Enterprise Software for a Case Study Buffalo Rock for a recovery with
I'm looking for help with Step by Step for entering data in ARGUS Enterprise Software for a Case Study Buffalo Rock for a recovery with Net of all recoverable expenses (Create an Expense Group)' for a tenant Walt and Branch Bank'. This tenant has 2% Cap on the recoverable expenses.
Property Description Buffalo Rock is a 50,000 square foot Mixed Use (Office / Retail) building located at 12583 Absaroka CR 59, Durant, Wyoming, that is being considered for purchase. Using the given data, create an ARGUS Enterprise model to analyze six (6) years of information beginning January 2024. Market - Inflation Recoveries will be calculated on a calendar basis using calendar inflation. - General Inflation Rate: 3.00% starting in 2025 - Market Inflation Rate: 4.50% in 2025 and 2026;3.00% starting in 2027 - Expense Inflation Rate: 3.50% starting in 2025 - CPI Inflation Rate: 2.50% starting in 2025 \begin{tabular}{|c|c|} \hline Lease Status: & Contract \\ \hline Lease Type: & Office \\ \hline Area: & 12,500SF \\ \hline Available and Start Date: & Analysis Begin \\ \hline Term: & 7 Years \\ \hline Base Rent: & 100.0% of Market (with Step Amounts) \\ \hline Free Rent: & 1st Month of Each Lease Year ( 100% of Base and Step Only) \\ \hline Recovery: & \begin{tabular}{l} Net of all Recoverable Expenses (Create an Expense Group) \\ 2.0% Cap on the Recoverable Expenses \end{tabular} \\ \hline Tenant Improvements: & Market \\ \hline Leasing Commissions: & Market \\ \hline Upon Expiration: & Market \\ \hline \end{tabular} \begin{tabular}{ll} Market - Market & Leasing \\ Name: & Buffalo Rock \\ Term (Yrs/Mos): & 4 Years \\ Renewal \%: & 65.0% \\ Months Vacant: & 7 Months \\ New Base Rent: & $25.00/SF/ Year; Market Inflation Rate \\ Renew Base Rent: & $20.00/SF/ Year; Market Inflation Rate \\ Fixed Steps: & $2.00/SF/ Year Increases \\ Recovery: & Net of all recoverable expenses (Create an Expense Group) \\ & Grossed up to 90\% occupancy \\ New Tl: & $8.00/ Area; Expense Inflation Rate \\ Renew Tl: & $4.00/ Area; Expense Inflation Rate \\ New LC: & 5.0% - Fixed \% \\ Renew LC: & 2.5% - Fixed \% \\ LC Timing: & 50% of the Leasing Commissions will be paid at the start of the lease and \\ & 50% will be paid 2 months prior. \end{tabular}Step by Step Solution
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