Construct an income proforma operating statement using the following information. Subject: 215,000 SF warehouse Income: Market rent is $8.50/SF with industrial gross terms. Industrial gross in this market means the landlord pays for taxes, insurance, common area maintenance (CAM), management, and replacement reserves. The property receives other income from leasing trailer parking spaces. They currently lease 150 spaces for $120 per month. Vacancy and collection loss: Market vacancy in this market is 4%. Market collection loss is 0.5%. Operating expenses: Insurance: $0.15/SF Real estate taxes: $1.95/SF CAM: $0.50/SF Management fee: 3% of EGI Replacement reserves: Based on a sinking fund factor for $6.50/SF for 10 years in an interest-bearing account with a rate of 5.5% (annual compounding).

Show the following, rounded to the nearest dollar.

Annual rental income, shown in whole dollars:

Other income, shown in whole dollars:

PGI, shown in whole dollars:

PGI, shown in $/SF:

Vacancy & collection loss, shown in whole dollars:

EGI, shown in whole dollars: EGI, shown in $/SF:

Individual operating expenses, shown in whole dollars:

Insurance:

Real estate taxes:

CAM:

Management fee:

Replacement reserves:

Total operating expenses, shown in whole dollars:

Total operating expenses, shown in $/SF:

OER, shown as a percentage:

NOI, shown in whole dollars:

NOI, shown in $/SF