|
So(twara : ARGUS Ver. 7.0.03
<br />File : March 18 SPOC edition Courthouse Square
<br />Property Type : Office 8 Ratail CouA & High Slreets
<br />Portfolio . Salam, Oregon
<br />SCHEDULE OF PROSPECTIVE CASH FLOW
<br />In Inflated Dollars for the Fiscal Year beginning 7/1/1997
<br />Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year10
<br />Forthe Years Ending Jun-1998 Jun-1999 Jun-2000 Jun-2001 Jun-2002 Jun-2003 Jun-2004 Jun-2005 Jun-2008 Jun-2007
<br />POTENTIP.L GROSS REVENUE
<br />Base Rental Ravenue
<br />Scheduled Base Rental Revenue
<br />Expense Reimbursement Revenue
<br />$1842,177 $1,842,177 $1,842,177 ~1,842,177 $1,842,177 $1,842,177 $1,842,177 $1,842,177
<br />1,842,177 1,842,177 1,842,177 1,842,177 1,842,177 1,842,177 1,842,177 1,842,177
<br />PERSONNEL 8,048 9,744 11,510 13,34A 15,251 17,237 19,301 21,448
<br />MINOR P.~,41NT 536 648 768 889 1,018 1,14T 1,288 1,431
<br />OTHER MAINT 5,901 7,147 8,440 9,785 11,184 12,640 14,155 15,729
<br />HVAC MAINT 7,512 9,094 10,742 12,455 14,235 16,089 18,014 20,017
<br />ELEC MAINT 1,610 1,948 2,303 2,668 3,049 3,448 3,863 A,290
<br />UTILITIES 32,726 39,625 46,802 54,264 62,024 70,098 78,490 87,223
<br />SECURITYlLIFE SAFTY 1,342 1,623 1,918 2,223 2,541 2,873 3,217 3,575
<br />MANAGMENT FEE
<br />GROUNDS/ROADS MAINT
<br />REAL PROPERTY TAX 1,144 2,335 3,573 4,860 6,199 7,592 9,040
<br />INSURPNCE 4,560 5,521 6,522 7,560 8,642 9,766 10,936 12,154
<br />PROF FcES
<br />OTHER BLDG MGMT COSTS 268 324 381 445 508 575 645 714
<br />Total Raimbursement Revenue 91,475 111,899 133,153 155,242 178,221 202,124 226,985 252,832
<br />Parking Revenue
<br />TOTAL POTENTIAL GROSS REVENUE
<br />General Vacancy
<br />EFFECTIVE GROSS REVENUE
<br />OPERATI~v3 EXPENSES
<br />CLEANI~G EXP
<br />PERSONNEL
<br />MINOR MAINT
<br />OTHER MAINT
<br />HVAC MAINT
<br />ELEC MPINT
<br />UTIUTIES
<br />SECURITY/LIFE SAFTY
<br />MANAGNENTFEE
<br />GROUNDS/ROADS MAINT
<br />REAL PROPERTY TAX
<br />INSURA~'CE
<br />PROF FEES
<br />OTHER 6~_DG MGMT COSTS
<br />TOTAL OPGRATING EXPENSES
<br />NET OPER,4TING INCOME
<br />LEASING 8 CAPITAL COSTS
<br />MAJOR N411NT
<br />TOTAL LEASING 8 CAPITAL COSTS
<br />CASH FLOW BEFORE DEBT SERVICE
<br />DEBT SERVICE
<br />Interest Paymants
<br />Principal Paymenis
<br />TOTAL DEBT SERVICE
<br />132,960 138,278 143,810 149,562 155,544 161,766 168,237 174,966
<br />2,066,612 2,092,354 2,119,140 2,146,981 2,175,942 2,206,067 2,237,399 2,269,975
<br />(14,690) (14,852) (15,020) (15,194) (15,376) (15,565) 515,762) (15,966)
<br />2,051,922 2,077,502 2,104,120 2,131,787 2,160,566 2,190,502 2,221,637 2,254,009
<br />152,693 158,880 165,152 171,758 178,629 185,774 193,205 200,933
<br />42,415 44,111 45,876 47,711 49,619 51,604 53,668 55,515
<br />2,828 2,941 3,058 3,181 3,308 3,440 3,578 3,721
<br />31,104 32,348 33,642 34,988 36,387 37,843 39,357 40,931
<br />39,587 41,170 42,817 44,530 46,311 48,164 50,090 52,094
<br />8,483 8,822 9,175 9,542 9,92A 10,321 10,734 11,163
<br />172,486 179,385 186,561 194,023 201,784 209,856 218,250 226,980
<br />7,069 7,352 7,646 7,952 8,270 8,601 8,945 9,302
<br />28,615 29,759 30,950 32,188 33,475 34,814 36,207 37,655
<br />24,035 24,996 25,996 27,036 28,117 29,242 30,412 31,628
<br />1,414 1,470 1,529 1,590 _ 1,654 1,720 1~789 1,860
<br />510,729 531,154 552,402 574,499 597,478 621,379 646,235 672,082
<br />~,541,193 1,546,348 1,551,718 1,557,288 1,563,088 , 1,569,123 1,575,402 1,581s927
<br />22,621 23,526 24,467 25,446 26,4~4 , 27,522 28,623 29y768
<br />22,621 23,526 24,467 25,446 , 26,464 27,522 28,623 29,768
<br />1,518,572 1,522,822 1,527,251 1,531,842 1,536,624 1,541,601 1,546,779 1,552,159
<br />1,098,568 1,075,987 1,052,192 1,027,117 1,000,694 972,849 943,507 912,587
<br />419,858 442,438 466,233 491,308 517,732 545,576 574,919 605,839
<br />1,518,426 1,518,425 1,518,425 1,518,425 1,518,426 1,518` 1,518,426 1,518,426
<br />(continued on next page)
<br />~ ~
<br />Date :3/18/98
<br />Time : 4:28 pm
<br />Ref# : AAG
<br />Page :1
<br />
|