Question: Using XLS create a rollover analysis for the following tenant Joes Pizza. Identify the four rollover costs for an assumed rollover next year of this

Using XLS create a rollover analysis for the following tenant Joes Pizza. Identify the four rollover costs for an assumed rollover next year of this lease. a. Occupies 10,000 SF. Rent $20.00 SF for new and relet, Tenant pays NNN and opex is estimated at $2.00/SF, Lease term ends 13 months from now. b. New Tenant Improvements are $10.00 SF, 6% Leasing Commission for each year of new lease. c. Renewal Tenants Improvements are $1.00 SF, 3% Leasing Commission for each year of a renewal lease. d. Lease term 5 years. e. Downtime is 12 months f. Renewal probability 60%

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