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 336,000 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 $ 3.30 per square feet $ 4.30 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 $ 698,600 $ 684,000 $ 433,600 $ 676,000 $ 1,168,100 $ 498,000 $ 119,000 $ 709,000 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