Laserfiche WebLink
• <br /> Proposed Kenzie Terrace Plaza <br /> • <br /> • <br /> PRELIMINARY PROFORMA <br /> • <br /> Land <br /> 50,000 S.F. @ $8/S.F. $400,000 <br /> • <br /> Building <br /> • Shell 25,000 S.F. @ $75/S.F. $1,875,000 <br /> • Tenant Improvement @ $10/S.F. 250,000 <br /> Total Building Cost $2,125,000 <br /> Soft Costs <br /> Architecture/Engineering $50,000 <br /> Finance Fee to Lenders 45,000 <br /> • Construction Interest 45,000 <br /> Legal 10,000 <br /> • Title/Closing 18,000 <br /> Soils/Environmental Testing 5,000 <br /> Survey 5,000 <br /> SAC/WAC 17,000 <br /> • Leasing Commission @ $4/S.F. 100,000 <br /> Development Fee 40,000 <br /> Contingency 40,000 <br /> Total Soft Costs $375,000 <br /> • $2,900,000 <br /> • Revenue <br /> 25,000 S.F. @ $14/S.F. $350,000 <br /> • Expenses <br /> Vacancy 5% ($18,750) <br /> • Expense on Vacancy $5/S.F. ($6,250) <br /> Misc. Repairs $.15/S.F. ($3,750) <br /> • Total Expenses ($28,750) <br /> N.O.I. $322,500 <br /> • <br /> • R.O.I. 11.10/0 <br /> • <br /> • <br /> • <br /> • <br />