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Mr,
<br />i
<br />"Total Building SIF 30,000
<br />Yearly Base Rent
<br />$175,000
<br />Office SF 5,000
<br />$io.00 Yearly OP Expenses
<br />$248,272
<br />Tenants Rent
<br />Warehouse SF 25,000
<br />$5.00 Monthly Net Rent
<br />$14,583
<br />$14,583
<br />Blended Net Rent $5.83
<br />Monthly OP Expenses
<br />$20,689
<br />$20,689
<br />Tax & OPIAp9$8.2
<br />%of Office Build Out
<br />17
<br />$35,273
<br />Annual Gross Income
<br />$
<br />423,272.00
<br />Fess Operation Expenses
<br />$
<br />248,272..00
<br />.Net Operad Income
<br />175000.00
<br />"legurrit'oll'tCosts
<br />Purchase Price
<br />30,000
<br />$90.00
<br />$
<br />2,700,000.00
<br />Office Improvements
<br />5,000
<br />$70.00
<br />$
<br />350,000.00
<br />Itemized Improvements
<br />See 1temm9d lmpv Sheet
<br />$
<br />-
<br />Other
<br />25,000
<br />$0,00
<br />$0
<br />Land Costs (New Construction Only)
<br />2.53 Acres
<br />110,000
<br />$3.00
<br />$
<br />330,000.00
<br />Soil Corrections (New Construction Only)
<br />Enter Total$ Amount 4
<br />$
<br />-
<br />Sub Tetl Hard Costs
<br />(Coverage Ratio)
<br />MID
<br />3,380,000.00
<br />Soft Costs
<br />see Soft casts
<br />$
<br />32,110.00
<br />Total Acquisition Costs
<br />$113.74
<br />1L41211'0-
<br />Total Acquisition Costs
<br />100%
<br />$
<br />3,412,110.00
<br />1 st Mortgage
<br />75%
<br />$
<br />2,559,082.50
<br />2nd Mortgage or SBA
<br />o%
<br />$
<br />Total Mortgage
<br />75%
<br />2,559, 82..50
<br />alt ilrir r rt
<br />25%
<br />Ann.n97-
<br />.i14f0rnJ ga""; aP,".P.ne f+vifii"
<br />SV ,n�io-➢6�DriJ;-.
<br />"VUN, rfa__
<br />J�f9�W'`;b �f6Uio ."..
<br />1st Mortgage
<br />$2;559,083
<br />20
<br />4.50%
<br />$
<br />194,280.23
<br />2nd Mortgage
<br />$0
<br />20
<br />4 5CM.
<br />$
<br />-
<br />Total Mortgage a Cost Yearly
<br />$2,559,083
<br />20
<br />#DIV/01
<br />19 ,280.23
<br />Total Mortclaae Cost Mont4 l
<br />161 02
<br />mm p y I1V III m � m+
<br />ll�kh�fiti h'W �1G,�a�r�
<br />.
<br />Annual Net Income
<br />$
<br />175,000.00
<br />Minus Vacancy Net Expenses
<br />0%
<br />0
<br />$683
<br />$
<br />Minus Vacancy Operating Expenses
<br />o°%
<br />0
<br />$8.28
<br />$
<br />%lUulr'!JYIM&.
<br />N9'IJ`fgu. ....
<br />8k�bu��'
<br />Reserves / Improvements
<br />$0
<br />20
<br />3.00%
<br />$
<br />Equals Annual Adjusted Net
<br />s
<br />L75,000-00
<br />Hono,.lm�pn Li�nieaJ,«
<br />"TIP Income
<br />$0
<br />0
<br />0.00%
<br />0
<br />Adjusted Net Income
<br />$
<br />175,000.00
<br />Mortgage Payment
<br />$
<br />(194„280.23)
<br />Yearly as Fly
<br />(19,280.23)
<br />Monthly Cash Flow
<br />1,6 m6
<br />Retetrrt err l ve traerrt
<br />-226%
<br />Debt onstant
<br />7.5
<br />aW a-WValue
<br />5.13%
<br />ir
<br />traat ty Casetrrt
<br />5.13”
<br />An €urforeaaahon is judged raHable, however, rico wamartty or represernadort ds made to 14 a-ura or Domplederueea
<br />Michael A. Brass I Vice President
<br />612.750.4312 1 mike@mikebrass.com
<br />9/28/2016 1 3:34 PM
<br />Page 1 of 1
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