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~~ <br />Less Vacancy: <br />E~~ective Gross Income: <br />Otker Income: <br />County Par~ing <br />Private Par~ting <br />Total Income: <br />Less Annual Expenses: <br />Property Taxes: <br />Property Insurance: <br />Property Management: <br />Utilities: <br />Janitorial: <br />El~t~: <br />~v~d~: <br />OPERATING ~ MAINTENANCE RATIO OF 80:1 <br />Estimated Annual Operating Expenses: <br />Annual Income: <br />Based on: ~1,080,000 Est. Budget: 514.40 /~1.20 mo. <br />~ -0- <br />~1,080,000 <br />~ 72,000 (12o S~lls @ ~~o.oo ~./mo.) <br />~ ~~,~nn ( 87 stalls @ ~50.00 ea./mo.) <br />~ 972,900 <br />~ -0- (~1.50 to ~2.20 \T~F) <br />~ 7,010 @~0.092/G~F <br />~ 43,200 ~a 4% o~ ~1,080,000 (3% / 6%) <br />~ 99,060 ~a ~1.30 GSF(~1.05 / ~1.73NSF) <br />~ 64,008 @ ~0.84 GSF <br />~ 4,7~0 <br />~ 2,000 <br />~ 32,400 <br />Maintenance: <br />Reserves / Capital Imp. <br />~~ Total Expenses: <br />(Rounded) <br />~ 274,028 <br />~ 274, 000 <br />Net Operating Income: ~ 806,000 <br />~te moc~e~s ~iav¢ been run ~ith Ex~¢ns¢s at: ~ZJ'r6,~~0 ~~3.36 GSF) <br />Expenses do not include Property Taxes: ~ 1.50 /~2.20 N S F <br />Lease L'p Reserves: One percent of EGI. <br />Vacancy: Five to ~ even Percent o~ EGI. <br />Witk Property Taxes added to tke project tke cost would come in at rn~er ~5.00 NSF. <br />A~urther review o~ tke operating cost for t~e par~xing structure needs to be completed. <br />If cost were ~5.00 GSF:~381,000 -~256,000 =~0.14 NSF / mo. Increase. <br />Total Construction Cost: <br />County O{~ces: 76,200 GSF @ ~80.00 <br />Par~xing ~ tructure: 340 stalls <br />Contingency Account: ~620,000 <br />So{t Cost <br />Total Marion Covnty Cost: ~14,080,000 <br />Annual Debt Service : <br />@ 6.~% w/ C.O.P.'s 25 yr: ~1,140,830 <br />40 yr: ~1,120,987 <br />9 / ~peratin~ ~+ Maintenance <br />(Bids Needed / ?~ ot avai~able) <br />@ 3% EGI (2.9% / 4.7%) <br />@ 2% EGI (1% / 4%) <br />(~3.60 GSF / ~.49 NSF) <br />Current mar~Zet ~2.~3 / ~5.75 NS~ <br />DAN BERREY, P. C., <br />