West Palm Small Bay Industrial Portfolio

In-Place Expenses

In Place Expenses

42nd Terrace

Westroads Industrial

Dyer Businss Park

34,520 SF

27,600 SF

33,600 SF

Total $ $ PSF Total $ $ PSF Total $ $ PSF

EXPENSES (1) RE Taxes (2)

$37,798 $9,134 $8,817 $3,000 $3,240 $5,400

$1.06 $0.26 $0.33 $0.21 $0.21 $0.16 $0.16 $0.12 $0.30

$31,724 $7,300 $7,025 $3,000 $3,240 $5,400 $1,500 $10,800 $0

$1.16 $36,095

$1.04 $0.26 $0.30 $0.18 $0.00 $0.16 $0.00 $0.05 $0.13

Insurance

$0.26 $0.28 $0.26 $0.38 $0.20 $0.00 $0.12 $0.39

$8,891 $7,994 $4,200 $5,403 $1,400 $1,836 $4,200 $0

Management Fee (3)

R&M

Trash Removal

Payroll Electric

$550

Fire & Safety Water & Sewer

$4,140 $7,500

Total Expenses

$79,579 $2.31

$69,989 $2.54 $70,019

$2.08

NOTES: (1) Based on 2017 Budget, except where noted (2) In-Place RE Taxes inflated 2016 discounted taxes by 3% (3) In-Place Management Fee is based on 3% of Effective Gross Revenue.

ial Portfolio - 3 Properties - Valuation

3/13/2017 5:47 PM

33 Financials