Question: Please type out formula Please use excel CH. 9 - OFFICE CASE STUDY - A building had a survey completed and is 501,362 sq ft.

Please type out formula

Please use excel

Please type out formula Please use excel CH. 9 - OFFICE CASE

CH. 9 - OFFICE CASE STUDY - A building had a survey completed and is 501,362 sq ft. Vacancy is 5% of gross rent. Expenses per rentable sq ft is 13.39. Concessions per rentable sq ft is 0.22. The rentable sq ft of the building is 459,295 and has base rent of 25.65 per rentable sq ft. There is extra income from retail services of 10,000 and cell tower income of 54,301. Real estate taxes and management services cost 913,997 and 982,891, respectfully. The owner also obtains income from storage and parking in the amount of 9,186 and 381,215, respectfully. She also obtains recoverables from tenants in the amount of 1,139,051. Insurance, maintenance, utilities, janitorial, and miscellaneous expenses are 638,420; 987,484; 1,731,542; 725,686; 169,939. Finally, the owner is projecting capital expenditures of 2,549,087. What is Net Operating Income? What is Net Cash Flow? 14-41

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!