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 Financial Information: Base Rent Average Other Income/Parking/Storage 334,000 square feet 8 years Expenses Recoverable from Tenants Current Vacancy Expenses: 15 40 Management/Administration/Security/Ownership Property Taxes Insurance General Operations/Leasing Expense/Marketing Utilities Janitorial/Cleaning Business Taxes Other: Recurring CAPEX/Improvement Allowance Required: $20 per square feet $3.20 per square feet $4.20 per square feet 5% $ 698,400 $ 683,500 $ 433,400 $ 675,500 $ 1,167,600 $ 497,500 $ 118,500 $ 708,500 a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza. Revenue Add: Less: Less: Operating expenses WEST OFFICE PLAZA Total operating expenses Cap expenses/Improvement allowance