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<br /> Ruildin,g Su,inmary
<br /> Total Building SF 10,000 Yearly Base Rent $130,000
<br /> Office SF 10,000 $13.00 Yearly OP Expenses $37,500
<br /> Warehouse SF 0 $0.00 Monthly Net Rent $10,833
<br /> Blended Net Rent $13.00 Monthly OP Expenses $3,125
<br /> Tax& OP $3.75 % of Office Build Out 100%
<br /> Annual Gross Income $ 167,500.00
<br /> Less Operation Expenses $ 37,500.00
<br /> Net Operating Income $ 130,000.00
<br /> 1.^rnlicition COWS
<br /> Purchase Price 10,000 $160.00 $ 1,600,000.00
<br /> Office Improvements 10,000 $40.00 $ 400,000.00
<br /> Itemized Improvements See Itemized Impv Sheet $0
<br /> Other 0 $0.00 $0
<br /> Land Costs (New Construction Only) 1.00 Acres 43,560 $5.00 $ 217,800.00
<br /> Soil Corrections (New Construction Only) Enter Total$Amount 4 $ -
<br /> Sub Total Hard Costs $ 2,217,800.00
<br /> Soft Costs See Soft Costs $ 151,069.10
<br /> Total Acquisition Costs $236.89 $ 2,368,869.10
<br /> !�itt(711(417? 1r71?1111(r#-1
<br /> Total Acquisition Costs 100% $ 2,368,869.10
<br /> 1 st Mortgage 75% $ 1,776,651.83
<br /> 2nd Mortgage or SBA 0% $ -
<br /> Equity Required For Bank 25% $ 592,217.28
<br /> Total Mortgage 75% $ 1,776,651.83
<br /> sJor/guke Uetadls
<br /> 1 st Mortgage $1,776,652 25 7.50% $ 157,551.60
<br /> 2nd Mortgage $0 25 7.50% $ -
<br /> Tota/Mortgage Cost Yearly $1,776,652 25 #DIV/o! $ 157,551.60
<br /> Total Mortgage Cost Monthly $13,129.30
<br /> 1'acattt. , i.,,
<br /> Annual Net Income $ 130,000.00
<br /> Minus Vacancy Net Expenses 01, 0 $13.00 $ -
<br /> Minus Vacancy Operating Expenses 0% 0 $3.75 $ -
<br /> Reserves/ Improvements $0 0 0.00% 0
<br /> Equals Annual Adjusted Net $ 130,000.00
<br /> tjutwill 1,111+
<br /> TIF Income $420,000 9 3.00% $ 47,251.94
<br /> Adjusted Net Income $ 130,000.00
<br /> Mortgage Payment $ (157,551.60)
<br /> Yearly Cash Flow $ 19,700.34
<br /> Monthly Cash Flow $ 1,641.69
<br /> Return on Investment 3.33%
<br /> Debt Constant 8.87%
<br /> Debt Ratio 0.83
<br /> Cap Rate Value 5.49%
<br /> Straight Cash Return 7.48%
<br /> All information is judged reliable,however,no warranty or representation is made to it accuracy or completeness
<br /> 11/6/2009
<br /> Michael A. Brass Vice President 12:14 PM
<br /> 612.750.4312 1 mike@mikebrass.com Page 1 of 1
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