Question
Please solve this: You'll find the excel sheet in the picture. Thanks. Below is information for a fully leased industrial building to two tenants containing
Please solve this: You'll find the excel sheet in the picture. Thanks.
Below is information for a fully leased industrial building to two tenants containing a total of 120,000 sf. Note that each tenants space has been subdivided into office and warehouse space with different rents per square foot for each space. However, the expenses apply to all of the tenants leased space.
Total building square footage 120,000
Tenant A 40% of total building square footage
% Warehouse 85% $3.50 psf
% Office 15% $12.50 psf
Pass Thru Items: Property Taxes
Insurance
Term of lease- 11 years
Tenant B 60% of total Space
% Warehouse 70% $4.00 psf
% Office 30% $11.00 psf
Pass Thru Items: Property Taxes
Insurance
R & M
Term of lease-10 years
RET 3% of Market Value
Market Value $8,000,000
Property will not be ressessed until after year 10.
Insurance $0.40 psf
R & M $1.60 psf
Other information
No vacancy or credit loss is projected
Cap Ex/Improve $25,000/year (PAID by LANDLORD)
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