Expense Stop Formula
IF(TenantStoppsf<=ActualOpExpsf,(ActualOpExpsf–TenantStoppsf)*TenantSF,0)
CAM Formula
IF(ActualOpExpsf>TenantCappsf,TenantCappsf*TenantSF,ActualOpExpsf*TenantSF)
Natural Breakpoint Formula
BaseRent/%Rent
Percent Rent Formula
IF(YearXSales>NatBreak,(YearXSales-NatBreak)*%Rent,0)+BaseRent
Tenant Square Feet OpEx Recapture Rental Rate (sq ft per year) Rent Increases per year Tenant 1 10,000 Up to $5.00 per sq ft $18.00 2.5% Tenant 2 5,000 Up to $4.25 per sq ft $10.00 3.5% Tenant 3 4,000 Ex. Stop at $4 per sq. ft. $18.50 2.0% Tenant 4 7,500 Ex. Stop at $3.25 $4 + 5% of sales (year 1 sales $600,000) sales growth of 5% per year None
Category Year One Expense Annual Increases Property Taxes 25,000 2.50% Insurance 40,000 3.50% Utilities 75,000 2.75% Maintenance 20,000 2.80% -Using excel construct a five-year hold cash flow analysis and using the Cap Rate of 7.5% provide a Purchase and Sale price.
Skill Required:EconomicsPosted:1 month ago