Question
Use the information below to support your solution clearly. Office Building Facts Total GFA (sq.m) = 45,000 Building Efficiency = 70% Capital Value (US$/sq.m*) =
Use the information below to support your solution clearly.
Office Building Facts
Total GFA (sq.m) = 45,000
Building Efficiency = 70%
Capital Value (US$/sq.m*) = 1,167
Financing Assumptions
LTV = 80%
Interest = 8%
Loan Term (year) =15 (Loan Payment is Monthly basis)
DCR = 1.2
Operation Assumptions
Rental Rate = 15(US$/sq.m./month)*
Rental Rate Growth = 10% every 3 years
Occupancy Rate : Year 1 = 75%, Y2 onward = 80%
Operating Expenses = 3.83(US$/sq.m./month)* of occupied space
Operating Expenses Growth = 3%per year
(* Estimates 1$US = 30 THB)
Please answer in US$ currency
a) What is a total acquisition cost?
b) What is a net leasable area?
c) What is the operating expenses in year one?
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