Sample Warehouse 250K SF

Economic Pro Forma Sample Company

Investment Summary

Going-In Cap Rate

9.00% 7.50%

Exit Cap Rate

COC Return

22.48% 46.70%

IRR for Hold Period

Value Creation

$ $

2,211,868 3,351,097

Total Return

PSF

Amount

Rental Income

Stabilized Base Rent

$4.14 $0.00

$ $

1,035,552

Expense/Tax Reimbursements

-

Potential Gross Income (PGI)

$4.14

$

1,035,552

Vacancy and Collection Loss

0.0%

$0.00

$

-

Effective Gross Income (EGI)

$4.14

$

1,035,552

Estimated Total Operating Expenses

$0.00 $0.00

$ $

- -

Replacement Reserves

Total Expenses and Reserves

$0.00

$

-

Net Operating Income

$4.14

$

1,035,552

Pro Forma Yield on Cost

9.00% 7.50%

Terminal Cap

Spread BPS

150

Project Return Projected Sales Price

$

54.15

$

13,536,633

Closing Costs Loan Balance

1.50% (203,049) $

$ $

(7,678,837) (3,317,802)

Equity Contribution

Profit Participation to Tenant After Pref

$

0.18

15.00% (441,516) $

Total Cash Flow

$

1,059,837

Net Proceeds and IRR

46.70% 2,955,265 $

Client Return Cash Flow After Pref

0.00% 0.00%

$ $ $

- - -

Residual Split

Net Proceeds and IRR

Mohr Capital Return Cash Flow After Pref

100.00%

$

453,339

Residual Split

100.00% 1,895,428 $

Development Fees/OH Recovery

4.00% 9.00%

$ $ $

395,832 606,498

Preferred Return

Net Proceeds

3,351,097

Initial Value Creation

$

2,211,868

Stabilized Cash on Cash Yield

22.48% 46.70%

XIRR 24 Month Hold

Made with