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<br />~
<br /> CONSTRUCTION COST
<br />"; ~ ANALYSIS OF RETAIL SPACE
<br /> Hard Cost:
<br />
<br />~ Private Space: 13,000 ~a ~80.00: ~1,0~0,000
<br /> Permits F~ SDC: ~ 20,,~Q
<br /> Sub Total: ~1,060,540
<br />~ So~t Cost:
<br /> . Arclzitect Fees ~a 6%: ~ 63,630
<br />
<br />~ Appraisal L~der
<br />Construction Intezest: 60% I,/C ~ 10,000
<br />~ 133,000
<br /> Construction Insurance ~ ~,000
<br /> Project Mgm. @ j% ~ ~3,000
<br />~ Le~al Fees: ~ 25,000
<br /> Leasing Fees: ~ 100,000
<br />~ Lease Up/Reserves: v~ 12~,000
<br /> Loan Fees @ 3°0: ~ 36,000 (~1,200,000 / 70%)
<br /> Sub Total: ~ 5-~9,630
<br />~ Hard F~ Soft Cost: ~1,610,170
<br /> Contingency 8% So~t Cost:
<br /> Total Retail Cost: ~1,738,983
<br />~
<br />Total Project Cost:
<br />~
<br />~~
<br />~
<br />Rounded: ~1,739,000
<br />Hard Cost: ~1,060,540
<br />SoFt Cost: Rounded
<br />Total Cost: ~1,739,000
<br />Eq~h~ R~• (30%)
<br />Loan Balance: ~1,217,300
<br />Annual Debt Sezvice: @ 8.5% / 25 yrs. @ 9.j% / 25 yrs.
<br />$117,624 ~127,626
<br />Gross Sch. Income: @ ~24.00 ~312,000 Cc~ ~19.50 ~2~3.500
<br />~ Less: Vacancy ~a j% ~ 1~,600 ~ 12~
<br />E{~ective Income: ~296,400 ~2~0,825
<br />Less: Expenses C~.80 GSF ~ 62,~00 ~ 62,400
<br />~ Less: Par~xing ~b stalLg @~50.00 ~ 27,600 ~ 27,600
<br />Net Opert. Income: ~206,~00 ~1~0,825
<br />~ Annual Debt: ~127,626 7 6 .6
<br />Annual Cask Flow: ~ 78,774 ~ 23,199
<br />Cash on Cask Return: 15% 4.4%
<br />I~'o land lease has been includecl in Eapenses.
<br />No return to CPMgm. {or 10% owners~ip.
<br />pa~e 8 / Construction Cost
<br />DAN BEER~SEY, P. C., BROKEB
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