Type of Property: Leasable Space: Average Rent: Expected Rent Growth: Vacancy and Collection Losses: Other Income: Office Building 50,000 square feet $25 per square foot per year 2.5% per year 15% of potential gross income $1.50 per square foot per year Expected Growth in Other Income: 3% per year Operating Expenses: 45% of effective gross income Capital Expenditures: 5% of effective gross income 7% Going-In Cap Rate: Going-Out Cap Rate: Selling Expenses: Discount Rate: 7.125% 7.5% of future selling price 8%