INSTRUCTIONS: Given the following data and rent roll, project the NOI of the building for the years 2021, 2022 and 2023 Please make your calculations to the right of the data and rent roll on this worksheet. Upload your file onto Moodle by the deadline indicated on the course outline. Projected inflation (CPI) 2021 2022 2023 1.0% 2.0% 3.0% Expenses for 2020 Property taxes Insurance Maintenance & operations Security Snow removal Utilities Depreciation TOTAL Retail sales for Unit 1 in 2020 600,000 50,000 300,000 75,000 35,000 350,000 50,000 1,460,000 2,000,000 Floor 3 Unit number Space vocation Lease start Lease end Lease type Square footage Rent/sq ft Unit 4 Office 2015-01-01 2022-12-31 Gross 25,000 2021 50 2022 50 2023 NOTE 1 TOTAL LEASABLE TOTAL COMMON TOTAL BUILDING 72,000 3,000 75,000 NOTE 1: It is aniticipated that this lease will not be renewed. The unit will be vacant for 2 months. The new lease will have a free rent period of 1 month and a base rent (gross) of $60/sq ft