You have been asked to develop a pro forma statement of cash flow for Betts...
60.1K
Verified Solution
Link Copied!
Question
Finance
You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. The information given to you is listed below. Property Information: BETTS DISTRIBUTION CENTER Age of Improvenent 3 years old Rentable Space 228,000 square feet Single Tenant 10-year lease tere, net, net Financial Information: Rent $7.00 per square feet (7-year term), flat Recoverable Expenses from Tenant $2.90 per square feet, fixed Operating Expenses 5770,000 Property Taxes $52,600 Insurance $17.500 Other Cash Outinys: Allowances for Recurring CAPEX/Improve Allowance $67.000 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI) a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NOI). BETTS DISTRIBUTION CENTER Rent Add: Less Total operating expenses Cap expenses/Improvement allowance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
