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.

1.) Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza.

Property Information: WEST OFFICE PLAZA Rentable Area Age 300,000 square feet Number of Stories 8 years Number of Tenants 15 40 Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy $20 per square feet $1.50 per square feet $2.50 per square feet Expenses: Management/Administration/Security/Ownership $695,000 Property Taxes $675,000 Insurance$430,000 General Operations/Leasing Bxpense/Marketing $667,000 Utilities $1,159,100 Janitorial/Cleaning $489,000 Business Taxes $110,000 Other: Recurring CAPEX/Improvement Allowance $700,000 Property Information: WEST OFFICE PLAZA Rentable Area Age 300,000 square feet Number of Stories 8 years Number of Tenants 15 40 Financial Information: Base Rent Average Other Income/Parking/Storage Expenses Recoverable from Tenants Current Vacancy $20 per square feet $1.50 per square feet $2.50 per square feet Expenses: Management/Administration/Security/Ownership $695,000 Property Taxes $675,000 Insurance$430,000 General Operations/Leasing Bxpense/Marketing $667,000 Utilities $1,159,100 Janitorial/Cleaning $489,000 Business Taxes $110,000 Other: Recurring CAPEX/Improvement Allowance $700,000