Part 3 - Net Operating Income Using the Information Below, Calculate the Net Operating Income for 2023 through 2028 Tenant 1- 67,000 square feet $13.75 per square foot rent Increases 2% annually Lease Start Date - 1/1/2021 Lease End Date - 12/31/2032 Assume no Tenant Costs NNN Tenant 2- 33,000 sqaure feet $14.25 PSF Increases 3% Annually Lease Start Date-1/1/23 Lease End Date - 12/31/30 Assume Tenant improvement and Brokerage Commissions of $2.37 PSF payable at start of lease NNN Expenses Per Square Foot annually Insurance Real Estate Tax Utilities Base Rent (Net Effective Rent) Expense Recoveries Gross Revenues You can Utilize and expand this format as needed if you wish to do so. Numbers below shown as demonstration only. Forme Net Operating Income Expenses Utilities - Fixed Insurance Real Estate Tax Total Expenses $0.27 $1.91 $1.53 Net Operating Income (NOI) 2023 S $1.00 $ 1.00 5 $ per sf $ 1.00 S $- S 1 1 1 1 1 0-0 $1

Part 3 - Net Operating Income Using the Information Below, Calculate the Net Operating Income for 2023 through 2028 Tenant 1- 67,000 square feet $13.75 per square foot rent Increases 2% annually Lease Start Date - 1/1/2021 Lease End Date - 12/31/2032 Assume no Tenant Costs NNN Tenant 2- 33,000 sqaure feet $14.25 PSF Increases 3% Annually Lease Start Date-1/1/23 Lease End Date - 12/31/30 Assume Tenant improvement and Brokerage Commissions of $2.37 PSF payable at start of lease NNN Expenses Per Square Foot annually Insurance Real Estate Tax Utilities Base Rent (Net Effective Rent) Expense Recoveries Gross Revenues You can Utilize and expand this format as needed if you wish to do so. Numbers below shown as demonstration only. Forme Net Operating Income Expenses Utilities - Fixed Insurance Real Estate Tax Total Expenses $0.27 $1.91 $1.53 Net Operating Income (NOI) 2023 S $1.00 $ 1.00 5 $ per sf $ 1.00 S $- S 1 1 1 1 1 0-0 $1

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 3C

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