Question: please help You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In

You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvement 8 years old Rentable Space 200,000 square feet Single Tenant 10-year lease term, net, net Financial Information: Rent Recoverable Expenses from Tenant Operating Expenses Property Taxes Insurance $7.00 per square feet (7-year term), flat $1.50 per square feet, fixed $700, 800 $50,000 $15,000 Other Cash Outlays: Allowances for: Recurring CAPEX/Improve Allowance $60,000 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI). a a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI). BETTS DISTRIBUTION CENTER Rent Add: Less: Total operating expenses Cap expenses/Improvement allowance
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