916.451.9011 / 916.443.4575 FAX / liverettco@sbcglobal.net / www.callherb.com
| Operating & Sale Projections | 5/18/2007 | |||||
| 601-605 Douglas Blvd | ||||||
| Income | |
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| Lease Charges | ||||||
| Current | Premises | |||||
| Tenant | Charge | Amount | Size | PSF | ||
| (mamu01) Jewelry by Maurice, Maurice | ||||||
| 1600 - 601 - Current | rent1 | $1,700.00 | 947 | $1.80 | Leased to 04/14/11 | |
| 1600 - 601 - Current | z-cama | $293.00 | $0.31 | |||
| Total (mamu01) Jewelry by Maurice, Maurice | $1,993.00 | $2.10 | ||||
| (psna01) PS Nails, | ||||||
| 1600 - 603 - Current | cpi1 | $21.00 | 601 | $0.03 | Leased to 10/14/09 | |
| 1600 - 603 - Current | rent1 | $700.00 | $0.86 | |||
| Total (psna01) PS Nails, | $721.00 | $1.20 | ||||
| (norlyn01) Delta Door | ||||||
| 1600 - 603A - Current | rent1 | $688.80 | 492 | $1.40 | Leased to 02/28/10 | |
| 1600 - 603A - Current | z-cama | $113.16 | $0.23 | |||
| Total (norlyn01) Delta Door | $801.96 | $1.63 | ||||
| Vacant Proforma | ||||||
| 1600 - 605A - Vacant | rent1 | $865.35 | 641 | $1.35 | Vacant Proforma | |
| 1600 - 605A - Vacant | z-cama | $147.43 | $0.23 | |||
| $1,012.78 | $1.58 | |||||
| Kelli's Cookies | rent1 | $2,610.90 | 1,785 | $1.46 | Leased to 05/14/12 | |
| 1600 - 605 - Current | camrec | $444.82 | $0.25 | |||
| $3,055.72 | $1.71 | |||||
| (common) Rest rooms and break area | 238 | $1.35 | (common) Rest | |||
| $0.23 | rooms & break area | |||||
| Total Monthly | $7,584.46 | 4,704 | $1.61 | |||
| Total Annual | $91,013.52 | 4,704 | $19.35 | |||
| Less 5% vacancy | $(4,550.68) | |||||
| Gross Income - Less Vacancy | $86,462.84 | |||||
| Expense | ||||||
| RECOVERABLE EXPENSES | ||||||
| R- maintenance materials | $23.50 | |||||
| R- maintenance equipment | $32.05 | |||||
| R- water meter | $210.27 | |||||
| R- sewer | $411.33 | |||||
| R- waste removal | $465.98 | |||||
| R- common area electricity | $357.53 | |||||
| R- management services | $2,700.00 | |||||
| R- R & M HVAC contract | $374.00 | |||||
| R- R & M HVAC Rpr | $80.00 | |||||
| R- R & M electrical | $1.76 | |||||
| R- R & M Power washing | $266.64 | |||||
| R- R & M Plumbing | $355.50 | |||||
| R- R & M Parking lot | $450.00 | |||||
| R- R & M Roof maintenance | $225.00 | |||||
| R- R & M Landscaping contr. | $1,261.00 | |||||
| R- R & M Landscaping extras | $600.00 | |||||
| SUBTOTAL RECOVERABLE EXPENSE | $7,814.56 | |||||
| TAXES/INSURANCE | ||||||
| Property tax | $11,583.00 | |||||
| Ins prop/fire/liab | $1,200.00 | |||||
| Flood insurance | $2,567.00 | |||||
| Ins umbrella | $450.00 | |||||
| SUBTOTAL TAXES/INSURANCE | $15,800.00 | |||||
| TOTAL OPERATING EXPENSES | $23,614.56 | |||||
| NET OPERATING INCOME | Annual | $62,848.28 | ||||
| Monthly | $5,237.36 | |||||
| Purchase | ||||||
| Sales Price | $990,000 | |||||
| CAP Rate on Price | 6.35% | |||||
| Financing | ||||||
| Sales Price | $990,000 | |||||
| Down | $247,500 | 25% | Down | |||
| Amount financed | $742,500 | |||||
| Amortization | 30 | year | 7.75% | interest | ||
| Amortization monthly | $5,319 | Monthly note payment | ||||
| Cash flow | ||||||
| Monthly | $(82) | |||||
| Annual | $(984) | |||||
| The above
information while not guaranteed, has been secured from sources we deem
reliable. Hovever, no warranty or representation, express or
implied, is
made as to the accuracy of the information contained herein. All information
should be verified by the recipient prior to purchase or execution of legal
documents. |
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| Herb Liverett Companies, Inc.
1100 N Street, Suite 1-C, Sacramento, CA 95814 916.451.9011 / 916.443.4575 FAX / liverettco@sbcglobal.net / www.callherb.com |
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