You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE PLAZA Rentable Area Age Number of Stories Number of Tenants 308,000 square feet 8 years 15 40 Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy $ 20 per square feet $ 1.90 per square feet $ 2.90 per square feet 5% Expenses: Management/Administration/Security/Ownership Property Taxes Insurance General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance $ 695,800 $ 677,000 $ 430,800 $ 669,000 $ 1,161,100 $ 491,000 $ 112,000 $ 702,000 Required: a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza. WEST OFFICE PLAZA Revenue Add: Less Less: Operating expenses Total operating expenses Cap expenses/Improvement allowance You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below. Property Information: WEST OFFICE PLAZA Rentable Area Age Number of Stories Number of Tenants 308,000 square feet 8 years 15 40 Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy $ 20 per square feet $ 1.90 per square feet $ 2.90 per square feet 5% Expenses: Management/Administration/Security/Ownership Property Taxes Insurance General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance $ 695,800 $ 677,000 $ 430,800 $ 669,000 $ 1,161,100 $ 491,000 $ 112,000 $ 702,000 Required: a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza. WEST OFFICE PLAZA Revenue Add: Less Less: Operating expenses Total operating expenses Cap expenses/Improvement allowance