Using the following data and rent roll, project the NOI of the building for the years 2023,2024, 2025.

Please make your calculations to the right of the data and rent roll on this worksheet.

Projected inflation (CP 2023 2024 2025 1.0% 2.0% 3.0% Expenses for 2022 Property Insurance Maintenance & operations Security Snow removal Uslities Depreciation 600,000 50,000 300,000 75,000 35,000 250,000 50.000 Retail sales for Unit 1 in 2022 2,100,000 RENT ROLL Floors Unit number Space vecation Lease and Lease type square footage Ranset Unit 1 Retail 2017-01-01 2026-12-31 Triple Nes 24,000 2023 25 5% 500,000 Parcant factor Bralpeint 2024 25 5% 510,000 2025 27 5% 520,000 Common Area 1,000 Floor 2 Unit number Space vecation Les and Lease Type square foot Rantys Unit 2 Office 2017-01-01 2026-12-31 Ne 14,000 2023 50 2024 *CPI 2025 CPI unit number Space vecation Leate and Lease type Square footage Rants Unit 3 Office 2017-06-01 2027-06-01 Double Net 9,000 2023 21 2024 21 2025 23 Common Area 2,000 Rees Unit number Space vocation Leate and Lease Square foot Rant/set Unit 4 Office 2020-01-01 2024-12-31 Gross 25,000 2023 50 2024 50 2025 NOTE 1 72.000 TOTAL LEASABLE TOTAL COMMON TOTAL BUILDING 3,000 25,000 NOTE 1: It is anticipated that this lase will not be rewed. The unit will be vacant for 2 months. The new lease will have free rent period of 1 month and a barengross) of $60/set Projected inflation (CP 2023 2024 2025 1.0% 2.0% 3.0% Expenses for 2022 Property Insurance Maintenance & operations Security Snow removal Uslities Depreciation 600,000 50,000 300,000 75,000 35,000 250,000 50.000 Retail sales for Unit 1 in 2022 2,100,000 RENT ROLL Floors Unit number Space vecation Lease and Lease type square footage Ranset Unit 1 Retail 2017-01-01 2026-12-31 Triple Nes 24,000 2023 25 5% 500,000 Parcant factor Bralpeint 2024 25 5% 510,000 2025 27 5% 520,000 Common Area 1,000 Floor 2 Unit number Space vecation Les and Lease Type square foot Rantys Unit 2 Office 2017-01-01 2026-12-31 Ne 14,000 2023 50 2024 *CPI 2025 CPI unit number Space vecation Leate and Lease type Square footage Rants Unit 3 Office 2017-06-01 2027-06-01 Double Net 9,000 2023 21 2024 21 2025 23 Common Area 2,000 Rees Unit number Space vocation Leate and Lease Square foot Rant/set Unit 4 Office 2020-01-01 2024-12-31 Gross 25,000 2023 50 2024 50 2025 NOTE 1 72.000 TOTAL LEASABLE TOTAL COMMON TOTAL BUILDING 3,000 25,000 NOTE 1: It is anticipated that this lase will not be rewed. The unit will be vacant for 2 months. The new lease will have free rent period of 1 month and a barengross) of $60/set