You have been asked to develop a pro forma statement of cash flow (not NOI) for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition the new tenant will be billed for pass throughs including operating expenses, insurance and property taxes. No vacancy or credit loss was taken. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvement Rentable Space 8 years old 200,000 sq. ft. 10 year lease term, net, net Single Tenant Financial Information: Rent $7.00 per sq. ft. (7-year term), flat Operating Expenses Property Taxes Insurance $700,000 $50,000 $15,000 Other Cash Outlays: Allowances for: Recurring CAPEX/Improve Allowance $60,000 Rental Income Tenant Reimbursement Total Income Expenses: Operating expenses Property Taxes Insurance Total Expenses Net Operating Income CAPEX Net Cash Flow You have been asked to develop a pro forma statement of cash flow (not NOI) for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition the new tenant will be billed for pass throughs including operating expenses, insurance and property taxes. No vacancy or credit loss was taken. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvement Rentable Space 8 years old 200,000 sq. ft. 10 year lease term, net, net Single Tenant Financial Information: Rent $7.00 per sq. ft. (7-year term), flat Operating Expenses Property Taxes Insurance $700,000 $50,000 $15,000 Other Cash Outlays: Allowances for: Recurring CAPEX/Improve Allowance $60,000 Rental Income Tenant Reimbursement Total Income Expenses: Operating expenses Property Taxes Insurance Total Expenses Net Operating Income CAPEX Net Cash Flow