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Real Estate Project

Real Estate Project - Assumptions RENT ROLLS Suite 100 200...

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Assumptions Suite Tenant SF Rent Annual Rent PSF 100 CitiGroup 30,000  $720,000.00   $24.00  200 Jet Blue 45,000  $1,170,000.00   $26.00  301 Vacant 15,000 302 Vacant 10,000 100,000 Expense Category 2006 Actual psf Cleaning  $100,000   $1.00  Utilities  $150,000   $1.50  Administrative  $50,000   $0.50  Repairs & Maintenance  $95,000   $0.95  Roads and Ground  $55,000   $0.55  Insurance  $30,000   $0.30  Security  $5,000   $0.05  Management Fees  $20,000   $0.20  Real Estate Taxes  $250,000   $2.50    Total Expenses  $755,000   $7.55  Acquisition Cost            $18,000,000                                                   RENT ROLLS :                                     EXPENSE SUMMARY:
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Exp. Reimb. Pro Rate ShareBase Year 30% 2007 45% 2007 15% 10%
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Acquisition Date 1/1/2008 Rate of Return Holding Period 15 Life of the Asset 39.5 Acquisition  $18,000,000  Title Insurance 0.25%  $45,000  Misc. Closing 2.00%  $360,000  Total Uses  $18,405,000  Debt 80.00%  $14,724,000  Equity 20.00%  $3,681,000  Total Sources  $18,405,000  Base Taxes 35% Cap. Gain Taxes 15% Recapture Taxes 25%                                Depreciation  Component Split  Amount Dep. Period Dep. Year
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