Develop a pro forma statement of cash flow for West Office Plaza. The information given to you
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
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu