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	300,000	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	$ 1.50		per square feet
Expenses Recoverable from Tenants	$ 2.50		per square feet
Current Vacancy	5%

Expenses:
Management/Administration/Security/Ownership	$ 695,000
Property Taxes	$ 675,000
Insurance	$ 430,000
General Operations/Leasing Expense/Marketing	$ 667,000
Utilities	$ 1,159,100
Janitorial/Cleaning	$ 489,000
Business Taxes	$ 110,000
Other:
Recurring CAPEX/Improvement Allowance	$ 700,000

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:
Effective gross income
Less: Operating expenses
Total operating expenses
Net operating income

(10pts)

Question 1 - 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 300,000 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 $ 1.50 per square feet Expenses Recoverable from Tenants $ 2.50 per square feet Current Vacancy 5% Expenses: Management/Administration/Security/Ownership $ 695,000 Property Taxes $ 675,000 Insurance $ 430,000 General Operations/Leasing Expense/Marketing $ 667,000 Utilities $ 1,159,100 Janitorial/Cleaning $ 489,000 Business Taxes $ 110,000 Other: Recurring CAPEX/Improvement Allowance $ 700,000 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: Effective gross income Less: Operating expenses Total operating expenses Net operating income Verdana

10pt