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You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed
You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE PLAZA Rentable Area Age Number of Stories Number of Tenants Financial Information: Base Rent Average Other Income/Parking/Storage 300,000 square feet Expenses Recoverable from Tenants Current Vacancy Expensest 8 years 15. 40 Management/Administration/Security/Ownership Property Taxes Insurance General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance Required: $20 per square feet $ 1.50 per square feet $ 2.50 per square feet 5% $695,000 $675,000 $430,000 $ 667,000 $ 1,159,100 $489,000 $110,000 5.700,000 a. Develop a pro forma statement of cash flow for a base year showing net operating income (NO) for West Office Plaza
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