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Soflware GUS Ver. 8.0.00
<br />W8
<br />File I Consiructian 3•19-99 w-$2M Reduc
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<br />~se Square
<br />Cou h Sireets Dete :~119199
<br />
<br />Time :1238 pm
<br />• RefN : AAY
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<br />PropeAy Type ce Sa O on
<br />re Pege :1
<br />Pa~folio . g
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<br />SCHEDULE OF PROSP
<br />ECTIVE CASH FLOW .
<br /> In Ir~lated Doliars 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 Year 10
<br />FortheYearsEnding Jun-1998 Jun•1999 Jun•2000 Jun-2001 Jun-2002 Jun-2003 Jun-2004 Jun-2005 Jun•2006 Jun•20D7
<br />POTENTIAL GROSS REVENUE
<br />BaseRentalReve~ue
<br />$1655,251
<br />$1,655,251
<br />$1655,251
<br />$1,655,251
<br />$1,655,251
<br />51,655,251
<br />$1655,251
<br />$1,655,251
<br />Scheduled Base Remai Revenue 1,655,251 1,655,251 1,655,251 1,655,251 1,655,251 1,655,251 1,655,251 1,655,251
<br />Expense Reimbursement Revenue
<br />33
<br />891
<br />40
<br />627
<br />630
<br />47
<br />54,916
<br />62,493
<br />70,371
<br />78,565
<br />87,089
<br />CLEANING EXP
<br />PERSONNEL ,
<br />8,691 ,
<br />10,417 ,
<br />12,213 14,D82 16,023 18,042 20,145 22,330
<br />MINORMAINT 579 694 814 938 1,068 1,202 1,342 1,487
<br />OTHER MAINT 6,373 7,638 8,957 10,324 11,750 13,232 14,772 16,375
<br />HVAC MIUNT 8,110 9,722 11,399 13,143 14,955 16,841 18,802 20,841
<br />ELECMAINT 1,739 2,083 2,442 2,815 3,205 3,607 4,029 4,464
<br />UTILITIES 38,237 45,835 53,738 61,957 70,504 79,395 88,639 98,252
<br />SECURITY/LIFE SAFTY 1,448 1,736 2,036 2,348 2,672 3,OD6 3,358 3,721
<br />MANAGMENTFEE
<br />GROUNDS/ROADS MAINT
<br />REALPROPERTYTAX
<br />INSURANCE
<br />4,924
<br />5,903
<br />6,922
<br />7,980
<br />9,079
<br />10,226
<br />11,415
<br />12,654
<br />PROFFEES
<br />OTHER BLDG MGMT COSTS
<br />290
<br />348
<br />408
<br />470
<br />534
<br />602
<br />670
<br />745
<br />TolalReimbursementRevenue iD4,282 125,003 146,559 168,973 192,283 216,524 241,737 267,958
<br />Parking Revenue 154,200 160,368 166,783 173,454 180,392 187,608 195,112 202,917
<br />TOTALPOTENTIALGROSSREVENUE 1,913,733 1,940,622 1,968,593 1997,678 2,027,926 2,059,383 2,092,100 2,126,126
<br />EFFECTNE GROSS REVENUE 1913,733 1,940,622 1,968,593 1,997,678 2,027,926 2,059,383 2,D92,100 2,126,126
<br />OPERATING EXPENSES
<br />CLEANING EXP
<br />168,381
<br />175,116
<br />182,120
<br />189,405
<br />196,981
<br />204,861
<br />213,055
<br />221,577
<br />PERSONNEL 43,174 44,901 46,698 48,565 50,508 52,528 54,630 56,815
<br />MINORMAINT 2,878 2,993 3,113 3,238 3,367 3,502 3,642 3,788
<br />OTHERMAINT 31,661 32,928 34,245 35,615 37,039 38,521 40,062 41,664
<br />HVACMAINT 40,296 41,908 43,584 45,328 47,141 49,026 50,988 53,027
<br />ELECMAINT 8,635 8,980 9,340 9,713 10,142 10,506 10,926 11,363
<br />UTILITIES 189,968 197,567 205,469 213,688 222,235 231,125 240,370 249,985
<br />SECURITYILIFE SAFTY 7,196 7,484 7,783 8,094 8,418 8,755 9,105 9,469
<br />MANAGMENT FEE
<br />GROUNDSIROADS MAINT
<br />REALPROPERTYTAX
<br />INSUR4NCE
<br />24,466
<br />25,444
<br />26,462
<br />27,520
<br />28,621
<br />29,766
<br />30,957
<br />32,195
<br />PROF FEES
<br />OTHER BLDG MGMT COSTS
<br />1,439
<br />1,497
<br />1,557
<br />1,619
<br />1,684
<br />1,751
<br />1,821
<br />1,894
<br />TOTAL OPERATING EXPENSES 518,~94 538,818 560,371 582,785 606,096 630,341 655,556 681,717
<br />NET OPERATING INCOME 1395,639 1,401,804 1,408,222 1,414,893 1,421,830 1,429,042 1,436,544 1,444,349
<br />LEASING 3 CAPITAL COSTS
<br />MAJOR MAINT
<br />23,026
<br />23,947
<br />24,905
<br />25,902
<br />26,938
<br />28,015
<br />29,136
<br />30,301
<br />TOTAL LEASING ~ CAPITAL COSTS 23,026 23,947 24,905 25,9U2 26,938 28,015 29,136 30,301
<br />CASH FLOW BEFORE DEBT SERVICE 1372,613 1,377,857 1,383,317 1,388,991 1,394,892 1,401,027 1,407,408 1,414,048
<br />DEBT SERVICE
<br />Ir~eresl Payments
<br />967,292
<br />946,814
<br />925,302
<br />902,703
<br />878,962
<br />854,021
<br />827,821
<br />800,296
<br />Principal Payments 405,320 425,798 447,310 469,910 493,651 518,591 544,792 572,316
<br />TOTAL DEBT SERUICE 1,372 612 1,372,612 1372,612 1,372,613 1372,613 1,372,612 1372,613 1,372,612
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