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please help!!! You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In
please help!!!
You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvement 8 years old Rentable Space 238,000 square feet Single Tenant 10-year lease tern, net, net Financial Information: Rent 57.00 per square feet (7-year term), flat Recoverable Expenses from Tenant 33.40 per square feet, fixed Operating Expenses $795,000 Property Taxes $53,800 Insurance $18,880 Other Cash Outlays: Allowances fort Recurring CAPEX/Inprove Allowance $69,500 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI). BETTS DISTRIBUTION CENTER Rent Add Step by Step Solution
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