Part $3-$ Net Operating Income

Using the Information Below, Calculate the Net Operating Income for $2023$ through $2028$

Tenant $1.$

$67,000$ square feet

$$13\mathrm{.}75$ per square foot rent

Increases $2\%$ annually

Lease Start Date $-1/1/2021$

Lease End Date $-12/31/2032$

Assume no Tenant Costs

NNN

Tenant $2-$

$33,000$ sqaure feet

$$14\mathrm{.}25$ PSF

Increases $3\%$ Annually

Lease Start Date $-1/1/23$

Lease End Date $-12/31/30$

Assume Tenant improvement and Brokerage Commissions of $$2\mathrm{.}37$ PSF payable at start of lease

NNN

Expenses Per Square Foot annually

Insurance

Real Estate Tax

Utilities

You can Utilize and expand this format as needed if you wish to do so$.$ Numbers below shown as demonstration only. Form

Net Operating Income

Base Rent $($Net Effective Rent$)$

Expense Recoveries

Gross Revenues

Expenses

Utilities $-$ Fixed

Insurance

Real Estate Tax

Total Expenses

Net Operating Income $($NOI$)$

$$,1$

$f_x$ Enter text or formula here