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

 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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