Develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE Rentable Area 334,000 square feet Age 8 years Number of Stories 15 Number of Tenants 40 Financial Information: Base Rent Average $ 20 per square feet Other Income/Parking/Storage $ 3.20 per square feet Expenses Recoverable from Tenants $ 4.20 per square feet Current Vacancy 5% Expenses: Management/Administration/Security/Ownership $ 698,400 Property Taxes $ 683,500 Insurance $ 433,400 General Operations/Leasing Expense/Marketing $ 675,500 Utilities $ 1,167,600 Janitorial/Cleaning $ 497,500 Business Taxes $ 118,500 Other: Recurring CAPEX/Improvement Allowance $ 708,500

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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V1 Question: Develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE Rentable Area 334,000 square feet Age 8 years Number of Stories 15 Number of Tenants 40 Financial Information: Base Rent Average $ 20 per square feet Other Income/Parking/Storage $ 3.20 per square feet Expenses Recoverable from Tenants $ 4.20 per square feet Current Vacancy 5% Expenses: Management/Administration/Security/Ownership $ 698,400 Property Taxes $ 683,500 Insurance $ 433,400 General Operations/Leasing Expense/Marketing $ 675,500 Utilities $ 1,167,600 Janitorial/Cleaning $ 497,500 Business Taxes $ 118,500 Other: Recurring CAPEX/Improvement Allowance $ 708,500
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