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~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ <br />~ . <br />~ <br />• o <br />BEST CASE PROJECTI~l~T <br />RELATED PR~JECT COST <br />MARION COUNI'Y 85:1 RATIO - . <br />(Excluding Mass Transit/Private Retail) <br />Construction Cost Estimated @ ~80.00 per/s~ <br />Par~Zing Area <br />340' Par~in~ Stalls; @ ~9,484 ea. ~3,~4,j60 <br />Permits F,> ~ ystem Devel. C~arges; ~ 87,890 = <br />` Transit pra~ides 10 stalls / 350 total. <br />Fust Fl~ <br />Retai~ Space; 25,000 NSF Not included: ~ -0- <br />Second ~ Tl~d Floor <br />O{~ce Space; 71,700 SF @~80.00 SF ~5,736,000 <br />(v~1.00 / S~ell F~ ~39.00 GSF/TI's) <br />Permits ~> ~ ystem Devel. C~arges; ~ 91,000 = <br />Fourt~ Floor <br />O{~ce jpace; Un~nown at t~iis time: ~ -0- <br />Permits F~ ~ vstem Deve~. C~iarges; ~ _Q_ - <br />SLB TOTAL OF HARD COST = <br />Contingency Account: Misc. ~a j% (roundec~ <br />Demolition ~~ Excavadon . <br />(Possible Range o~ 43% to j2%) @ 43% <br />S,~b To~l = <br />Rovncled = <br />~ 575,785 <br />$ 15,000 <br /> <br />~ So~t Cost <br /> Architect Fee ~ 6% o~ Hard Cost <br /> l~ppraisal ~or I.ender <br />~ Construction Interest: <br /> l.j% ~or 2 yrs. / 100% L/C <br /> Construction Insurance <br />~ Project Manager ( 3 to 5 yrs.) ~a 5% <br /> Le~al Fees <br /> Leasing Fees / Bro~xera~e @ ~% <br />~ Loan Fee @ 3% <br /> Contingency Account 5% (so~t cost) <br />~ -~ <br />~ ___ <br />~ <br />~ 375,000 <br />~ 20,000 <br />~ 530,750 <br />~ 75,000 <br />~ -0- <br />~ 380,000 <br />~ 98,417 <br />sub Total <br />Rounded to <br />TOTAL RELATED COST <br />~ 3,312,450 <br />~ 5,827,000 <br />$~ 9,139,450 <br />~ 9, I39,~50 <br />~ 456,973 <br />~ 1,054,790 <br />~10,6~1,213 <br />~10,615,000 <br />~ 1,971,535 <br />~ 98,577 <br />~12,685,112 <br />~12,685,000 <br />~ 12, 685, 000 <br />pa~e 5/'~orst ~.' Best Case Projections <br />DAN BERREY, P.C., BROKER <br />~ <br />