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Question 3 (15 points) Construct an income proforma operating statement using the following information. It should show the following on a whole dollar basis: PGI

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Question 3 (15 points) Construct an income proforma operating statement using the following information. It should show the following on a whole dollar basis: PGI (rental income and other income itemized), vacancy & collection loss. EGI, operating expenses. OER and NOI. 42,000 SF office/warehouse Market rent is $6.50/SF with industrial gross terms. Industrial gross in this market means the tenant pays janitorial and utilities directly and reimburses the landlord for 75% of taxes, insurance, and common area maintenance (CAM). Market vacancy in this market is 8% Market collection loss is 0.5% Operating expenses include: Insurance $0.15/SF Real estate taxes: $0.95/SF CAM: $0 80/SF Management fee: 4% of EGI Miscellaneous: S0.45/SF Replacement reserves. Based on a sinking fund factor for 595,000 in 7 years in an interest-bearing account with a rate of 4% (annual compounding) Your answer Question 3 (15 points) Construct an income proforma operating statement using the following information. It should show the following on a whole dollar basis: PGI (rental income and other income itemized), vacancy & collection loss. EGI, operating expenses. OER and NOI. 42,000 SF office/warehouse Market rent is $6.50/SF with industrial gross terms. Industrial gross in this market means the tenant pays janitorial and utilities directly and reimburses the landlord for 75% of taxes, insurance, and common area maintenance (CAM). Market vacancy in this market is 8% Market collection loss is 0.5% Operating expenses include: Insurance $0.15/SF Real estate taxes: $0.95/SF CAM: $0 80/SF Management fee: 4% of EGI Miscellaneous: S0.45/SF Replacement reserves. Based on a sinking fund factor for 595,000 in 7 years in an interest-bearing account with a rate of 4% (annual compounding) Your

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