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~oi2 <br />10/30/97 THU 17:24 FAY 503 223 4606 DIEL~'IN li:1RK CohIPANIES <br />. <br />. ~ <br />~ <br />~ <br />I <br />~ ASSIJl~'~TIONS - IO/30I97 ~nancial Model (Z:3ZPiVn <br />~ Four Story - no subsurface parldng <br />Assumes Marion County occupies 83,122~ An additiona12,651 sf is assessed for'/: interest in the fiist <br />floor conference room. Assumes a 0% vacancy nta. - <br />-Assumes Salem Area Tiansit's share of thc projeci is S 9,844,000. ' <br />-The models reflect rents at $1 Z2 ! mo. Per re~able sf (S 16.00 annually). <br />-Expeases aze assumed to be 5.28 / mo. Per rentable sf ($ 14.64 annually). The County reimburses <br />expenses escalaud over base year expenses. <br />-The model assumes only 59 above-grade parldng stails located on the northern "retail <br />opporiunit~' building pad <br />-Assumes a 5.79% interest nte on a standard 25 yeaz amortization schedule. <br />The model assumes there is no private sector non-exempt tenant. <br />-Asswmes the County paqs e~ense escalation over base year. <br />Assnmes Salem Area Tran4t con~ots 22,614 sf of of~ce. An additiona12,651 sf is assessed for'/~ interest <br />in the first floor conference room. <br />-Assumes Transit pays S 9,844,000 cash for their inurest az-d pays no rent <br />-Expenses aze assumed to be 5.28 / mo. Per rentable sf ($ 3.41 annually). Transit reimburses their <br />prorata share of these expenses. <br />