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                                  APPENDIX F 
                                  SCENARIO 1 
                             CLASS A OFFICE TOWER 
I   PROGRAM: 
        Renovate existing shell for office suites. 
        Construct 100-stall parking ramp above existing parking lot. 
2. REVENUE UNITS: 
        First 3 floors: 7,500 sq. ft. GLA of Class C space 
          on each floor. 
        4th through 14th floors: 5,679 sq. ft. GLA of Class A 
          space on each floor. 
3. CAPITAL OUTLAYS: 
        $30/gross sq. ft. for renovation, $10/sq. ft. of which is 
          a tenant allowance: 
$30/sq. ft.   98,886 = 
100-stall ramp @$4000/stall 
$2,966,580 
   400,000 
$3,366,580 
4. POTENTIAL ANNUAL INCOME: 
Floors 
1-3 
4-6 
7-8 
9-11 
12-14 
Total 
3 
3 
2 
3 
3 
Area(sq. ft.) 
* 7500 = 22,500 
* 5679 = 17,037 
x 5679 = 11,358 
x 5679 = 17,037 
x 5679   17,037 
         84,969 
Rent($/sq. ft.) 
    $ 7.00 
      9.00 
      10.00 
      -11.00 
      12.50 
   PGI 
$157,500 
153,333 
113,580 
187,407 
ý2122963 
$ 824,783 
        Vacancy losses: 7% of PGI 
5.  PROJECTED ANNUAL EXPENSES: 
Operating expenses (17% of gross rent) 
Real estate taxes (15% of gross rent) 
$ -140,213 
   123,717 
$ 263,930 
6. TERNS OF FINANCING: 
        20-year IRB at 12% interest, monthly payments, 
        mortgage constant = .132130, debt cover ratio 
        -1.3