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pls pls pls provided the solution in EXCEL with proper calculations and formulas Answer only this part of the question no need for other questions

pls pls pls provided the solution in EXCEL with proper calculations and formulas

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Answer only this part of the question no need for other questions and provided an excel solution as well calculation steps. image text in transcribed

pls pls pls answer only this part of the question and provided the solution in EXCEL with proper calculations and formulas

12:31 Project Timing 1. Analysis Start: 12/31/22 2. Predevelopment: 12 months 3. Construction: 24 months 4. Lease 1: Commencing 12 months after delivery 5. Lease 2: Commencing 24 months after delivery 6. Sale Date: Month 72 or 12/31/28 Project Size: 1. Project GSP: To be determined by applying efficiency below to NRSP 2. Project NRSE: 190,000 SF 3. Project Efficiency: 95% Development Assumptions 1. Land Purchase Price: $80/GSF to be spent at time zero 2. Soft Costs: $50/ GSF to be spent 100% during the predevelopment period 3. Hard Costs: $300/ GSF 2. 1/3 to be speat during the first year of construction b. 2/3 to be spent during the second year of construction 4. Leasing Assumptions 2. Tenanc 1 i. Premises: 125,000 NRSF ii. Rent: $48 / SF NNN iii. Free Rent: 12 months iv. Escalations: 2.5% v. Term: 7 years vi. Tenant Improvement Allowance: \$150 / NRSF 1. Paid 100% in lease commencement year vii. Leasing Conmissions 6% 1. P Paid100% in lease commencement year b. Tenant 2 i. Premises: 65,000 NRSF ii. Rent: $60/ SF NNN iii. Free Rent: 12 months iv. Escalations: 2.5% v. Term: 10 years vi. Tenant Improvement Allowance: $180 / NRSF 1. Paid 100% in lease commencement year vii. Leasing Commissions 6% 1. Paid 100% in lease commencement year Operating Assumptions: The numbers below should be reflected ar delivery and escalate thereafter 1. Opex: $12/SF 2. Real Estate 'raxes: $15 / SF 3. Escalation 2.5% 1. Residual Cap Rare: 5.25% to be applied to yeac 7NOI 2. Sales Costs: 2.00% 3. Please display the following on a gross dollar and S / GSF basis: a. Gross Sales Proceeds b. Selling Costs c. Net Sale Proceeds d. Gross Sales Proceeds de escalated to the commencement date at 275% growih rate Pinancing Assumptions: Please assume a traditional bank construction lown for this project. That means equity up-frnat. 1. Loan to Cose: 65% 2. Interest Rate: 6.00% 3. Recordation Tax: 2.50% 4. Financing Fees 1.50% Please include the following as putt of your model: 1. Sources and Uses Table 2. Retuens a. Unlevered 1Rk b. Levered IRR c. Equity Miolciple d. Stabilined Yield e. Stabilized Cash on Cash 3. Data Tables Measuning IRR at the following 7. Tenant 1 rents ( $1/SF inciements) vs cap rates b. Land parchase price ( 55/SP increments) ws debt interest rate (0.25% increnents) c. Tenant 2 renss (\$2/ SP increments) vs TP's (\$10/SF increments) 4. Please build a waterfall reflecuing the following a. 5% GP Investment / 95% L.P Investment b. Pari Passu anell a 8% return c. 20% to the GP and 80% to the LP antil a 12% retern d. 30% to the GP and 70% to the LP until a 15% retuen e. 40% to the GP and 60% to the 1.P thereafter The goal of this rest is to establith your skill level in excel and fundarsental undentanding of real estate concepts. To that effeet, we do nor anticipate that you will score 100%. However, please try your best and feel free to reach out with any questions. That you. Please include the following as part of your model: 1. Sources and Uses Table 2. Retuens a. Unlevered IRR b. Levered IRR c. Equity Muldiple d. Stabilized Yield e. Stabilized Cash on Cash

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