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<br />Sofivere GUS Ver. A.0.00
<br />
<br />S • Date :10l21198
<br />Time : 4:21 pm
<br />File t Design Development - 9•9&with fi nancing essumption revisions quare
<br />~thouse
<br />i
<br />h St Rei~ : AAG
<br />PropeAy Type ice 6 Retail ree
<br />s
<br />Cou g
<br />Salem, Oregon
<br />Page : t
<br />PorHolio • SCHE DULE OF PROS PECTIVE CASH FLOW
<br /> In Intlated Dallars for the fiscal Year beginning 71111997
<br />Year 1 Year 2 Year 3 Year 4
<br />2001
<br />J Year 5
<br />Jun•2002 Year 6
<br />Jun•2003 Year 7
<br />Jun-2004 Year 8
<br />Jun•2005 Year 9
<br />Jun-2006 Year 10
<br />Jun-2007
<br />ForiheYearsEnding Jun-1998 Jun-1999 Jun•2000 un•
<br />POTENTIAL GROSS REVENUE
<br />059
<br />$1 829
<br />$1829,059
<br />$1829,059
<br />$1829,059
<br />$1829,059
<br />$1 829,059
<br />St 829,059
<br />$1,829,059
<br />8ase Rental Revenue ,
<br />Scheduled Base Rental Revenue 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059
<br />Expense Reimbursemer~ Revenue
<br />2&5
<br />31
<br />37,502
<br />43,967
<br />50,693
<br />57,685
<br />64,959
<br />72,523
<br />80,388
<br />CLEANING EXP ,
<br />8
<br />691 418
<br />10 12,213 14,081 16,023 18,042 20,145 22,329
<br />PERSONNEL ,
<br />579 ,
<br />694 814 938 1,068 1,202 1,342 1,487
<br />MINORMAINT 373
<br />6 7,638 8,958 10,324 11,750 13,233 14,772 16,375
<br />OTHERMAINT ,
<br />8
<br />110 9,723 11,399 13,143 14,955 16,841 18,801 20,840
<br />HVAC MAINT ,
<br />739
<br />1 2,084 2,442 2,816 3,205 3,60T 4,029 4,464
<br />EIEC MAINT ,
<br />340
<br />35 42,362 49,667 57,263 65,164 13,379 81,922 90,808
<br />UTIUTIES ,
<br />448
<br />1 736
<br />1 2,036 2,348 2,672 3,006 3,358 3~721
<br />SECURITYILIFE SAFTY , ,
<br />MANAGMENTFEE
<br />GROUNDSIROADS MAINT
<br />REAL PROPERTY TAX
<br />924
<br />4
<br />5,903
<br />6,922
<br />7,981
<br />9,080
<br />10,226
<br />11,415
<br />12,6 4
<br />INSURANCE ,
<br />PROF PEES Zy~ 3qg 408 469 534 602 669 145
<br />OTHER BLDG MGMT COSTS
<br /> 779
<br />98 118,4~8 138,826 160,056 182,136 205,097 228,976 253,811
<br />Total Reimbursement Revenue ,
<br /> 800
<br />13~ 136,032 141,473 147,132 153,017 159138 165,504 172,124
<br />Parking Revenue ,
<br />TOTAL POTENTIAL GROSS REVENUE 2,058,638
<br />9 565 2,083,499
<br />{9,633) 2,109,358 2,136,241
<br />(9,704) (9~778) 2,164,212
<br />9 854 2,193,294
<br />(9,934) 2,223,539
<br />10 016 2,254,994
<br />10102
<br />General Vacancy
<br />VENUE 2 049,073 2 073,866 2 099,654 2126,469 2154,358 2183,360 2 213,523 2 244 892
<br />EFFECTIVE GROSS RE
<br />OPERATING EXPENSES
<br />428
<br />155
<br />161,645
<br />168,111
<br />174,836
<br />181,829
<br />189,1~2
<br />196,666
<br />204,
<br />CLEANING EXP ,
<br />174
<br />43 44,901 46,698 48,565 50,508 52,528 54,630 56,815
<br />PERSONNEL ,
<br />818
<br />2 2,993 3,113 3,238 3,367 3,502 3,642 3,788
<br />MINOR MAINT ,
<br />661
<br />31 32,928 34,245 35,615 37,039 38,521 40,062 41,664
<br />OTHERMIUNT ,
<br />296
<br />40 41,908 43,584 45,328 47,141 49,026 50,988 53,027
<br />HVAC MAINT ,
<br />635
<br />8 8,980 9,340 9,713 10,102 10,506 10,926 11,363
<br />ELEC MAINT ,
<br />576
<br />175 182,599 189,903 197,499 205,399 213,615 222,160 231,046
<br />UTILITIES ,
<br />196
<br />7 484
<br />7 7,783 8,094 8,418 8,755 9,105 9,469
<br />SECURITYlLIFE SAFTY , ,
<br />MANAGMENT FEE
<br />GROUNDSIROADS MAINT
<br />633
<br />18
<br />19,378
<br />20,153
<br />20,959
<br />21,798
<br />22,670
<br />23,576
<br />34,519
<br />REAL PROPERN TAX ,
<br />466
<br />24 25,444 26,462 27,520 28,621 29,766 30,957 32,195
<br />INSURANCE ,
<br />PROF FEES 439
<br />1 497
<br />1 1,557 1,619 1,684 1,751 1,821 1,894
<br />OTHER BLDG MGMT COSTS , ,
<br /> 382
<br />509 757
<br />529 949
<br />550 572,986 595,906 619,742 644,533 610,313
<br />TOTAL OPERATING EXPENSES , , ,
<br /> 1539
<br />691 109
<br />1544 1548,705 1553,483 1558,452 1563,618 1,568,990 1574,579
<br />NET OPERATING INCOME , ,
<br />LEASING d CAPITAL COSTS
<br />026
<br />23
<br />23,947
<br />24,905
<br />25,9~2
<br />26,938
<br />28,015
<br />29136
<br />30 301
<br />MAJOR MAINT ,
<br />TOTAL LEASING 8 CAPITAL COSTS 23,026 23,947 24,905 25,902 26,938 28,015 29136 30,301
<br />E DEBT SERVICE 1516,665 1520,162 1,523,800 1,527,581 1,531,514 1535,603 1539 854 1,544,278
<br />CASH FLOW BEFOR
<br />DEBT SERVICE
<br />773
<br />1
<br />047
<br />1,024,996
<br />1,001,113
<br />9~6,069
<br />949,809
<br />922,274
<br />893,401
<br />863,12
<br />Interest PaymeNs ,
<br />,
<br />891
<br />468 491,668 515,551 540,595 566,855 594,390 623,263 653,539
<br />Principal Payments ,
<br />RVICE 1516,664 1516,664 1516,664 1516,664 1,516,664 1516,664 1516,664 1 516 664
<br />TOTAL DEBT SE
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