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<br />Soflywre : ARGUS Ver.8.0.00
<br />:1 StorY • SenaNNily Anaysis
<br />Courthouae Squere ww
<br />Time :10:52 am
<br />Re(t : ACP
<br />File
<br />Props~tY TYPe : Ortiw 3 Retail Court 8 Hiph Stroets
<br />S~lem~ Ore9ue Pope :1
<br />Portfolia • SCHEDULE OF PROSPECTIVE CASH FLOW
<br /> In Intated Dollars forthe Flscel Year bepinni np 711H887
<br />Year Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
<br />2005
<br />J Year 9
<br />Jun•2006 Year 10
<br />Jun•2007
<br />For the Years Endinp Jun•1 Jun-1999
<br />~ Jun-2000 Jun-2001 Jun-2002 Juo-2003 Juo-2004 un-
<br />POTENTUU.OROSS REVENUE 1y485,969
<br />~ 31485 1S ,485,989 1485 51,4&5,969 31,485,969 it~~`,~ 1~
<br />Base Rental Revenue ,
<br />969
<br />~85
<br />1 1,485,969 1,485,969 1,485,969 1,485,969 1,485,969 1,485,969 1,485,9~
<br />Scheduled Bose Rental Revenue ,
<br />,
<br />Expense Relmbursement Revenue Q 149
<br />29 33,947 38,935 44,123 49,519 55,130 60,961 67,037
<br />CLEANINO EXP ,
<br />B pgg 9
<br />43p 10,816 12,257 13,755 15,31~ 16,934 18,621
<br />PERSONNEL
<br />' r
<br />~p ,
<br />628 T19 818 917 1,020 1,129 1,242
<br />MINOR MPJNT ~ ,
<br />5
<br />937 6,915 7,931 8,988 10,081 11,230 12,419 13,654
<br />OTHERNWNT ,
<br />557
<br />7 802
<br />8 10,094 11,438 12,837 14,293 15,805 1T,382
<br />~~~~ ,
<br />820
<br />1 ,
<br />1,AB4 2,184 2,451 2,751 3,063 3,387 3,12/
<br />ELEC MPJNT ,
<br />7
<br />32 ~7
<br />38 ~3,~ 49,~ 55,936 ~~~ ~~~ T3
<br />1203
<br />UTII.RIES ~ ' ~
<br />SECURITYAJFE SAFTY
<br />MANAOMENTFEE
<br />GRWNDSIROA0.S MAINT
<br />R~ ~~RTM T~ 4
<br />5gg 5,3A4 8,129 6,946 T,T95 8,B7B 9,596 10,552
<br />INSURANCE ~
<br />PROF fEES 271 315 361 407 459 511 5b'3 620
<br />OTHER BLDG MGMT COSTS
<br /> 037
<br />92 107,184 122,936 139,315 156,349 174,068 192,491 211,661
<br />Total Reimbursement Revenue ,
<br /> 960
<br />132 138 78 143,810 149,562 155 161,766 168,231 174,966
<br />Parkinp Revenue ,
<br />986
<br />710
<br />1 131
<br />1731 1,752,715 1,774,8~6 1,79T,862 1,821,803 1,846,697 1,872,596
<br />TOTAL POTENTU-L GROSS REVENUE ,
<br />, ,
<br /> 1710 731,431
<br />1 1,752,715 1,774,846 1,191,8fi2 1821,803 1,846,697 1872,596
<br />EFFECTIVE GROSS REVENUE ,
<br />OPERATINf3 EXPENSES 921
<br />119 716
<br />124 129,707 13~,895 140,281 145,902 151,T38 15T,808
<br />CLEIWINd D(P ,
<br />33,311 ,
<br />34,644 36,030 37,471 38,970 ~0,528 42,150
<br />E10
<br />2 43~836
<br />922
<br />2
<br />PERSONNEL
<br />MINOR MAINT 2,221
<br />428
<br />24 2,310
<br />/05
<br />25 2,,02 2,498
<br />28,/22 27,479 2,598
<br />28,578 2,702
<br />29,721 ,
<br />30,910 ,
<br />32,146
<br />OTHER MAWT ,
<br />31,091 ,
<br />32,33~ 33,628 34,973 38,312 37,827 39,340
<br />430
<br />8 /0,913
<br />767
<br />8
<br />HVACMAINT
<br />ELEC ANUNT g~~
<br />t~
<br />~g5 6,929
<br />140
<br />885 7,208 7.49~
<br />146,520 152,381 7,79~
<br />158,~76 8,106
<br />164,816 ,
<br />171,~06 ,
<br />178,264
<br />~~~~ ,
<br />552
<br />5 ,
<br />5,774 6,005 6,245 6,195 6,755 7,025 7,306
<br />SECURITYlLIFE SAFTY ,
<br />MANpGMENTFEE
<br />OROUNDSIROADS MWNT
<br />RFJ1L PROPERIY T1U( 876
<br />18 19,632 20,417 21,233 22,083 22,966 23,885 24,&10
<br />INSURANCE ,
<br />PROF FEES 110
<br />1 1,155 1,201 1,249 1,299 1,351 1,~05 1,~61
<br />OTHER BLDG MGMT COSTS ,
<br />TOTAL OPERATINO EXPENSES 378 5~,i8 393,786 409f.+38 425,918 4~2 460,674 ~79,101 498,263
<br /> 326
<br />332
<br />1 33T,645
<br />1 1,343,177 1,348,928 1,35~,906 1,361,129 1,367,596 1,374,333
<br />NET OPERATINO INCOME ,
<br />, ,
<br />LEASING ~ G4PITAL COSTS 766
<br />11 iB,477 19,216 19,984 20,T84 21,615 22,480 23,319
<br />MAJOR MAINT ,
<br />T66
<br />17
<br />18,477 19,216 19,9&1
<br />20,784
<br />21,615
<br />22,480
<br />23,379
<br />TOTAL LEASING 6 CAPITAL COSTS ,
<br /> 562
<br />1
<br />314 168
<br />319
<br />1 1323 1 1,328.944 1,334,122 1339 14 1,315,116 1,3W,954
<br />CASH FLOW BEFORE DEBT SERVICE ,
<br />, ,
<br />,
<br />DEBT SERVICE
<br />Interest Pvyme~a 950 802 g31 ~pgy
<br />~2
<br />g~ 910,472 8E8,774
<br />~
<br />,~g +~
<br />1?H 865,910
<br />44T,988 8~1,816
<br />472,D~i 816,426
<br />497,483 189,670
<br />521,238
<br />Prindpel Payments ~,~7
<br />313
<br />909
<br />1 ,
<br />313,908
<br />1 ,
<br />,
<br />1,313,908 1,313,908
<br />1,313,908
<br />1,313,909
<br />1,313.9~
<br />1,313,908
<br />TOTALDEBTSERVICE ,
<br />, ,
<br /> (coMbwed on neiG pope)
<br />• • •
<br />
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