|
PROGRAM
<br />Site Area
<br />Height
<br />Density
<br />Built Area
<br />Industrial
<br />Parking
<br />Industrial
<br />Parking Type
<br />Surface
<br />REVENUE
<br />Industrial
<br />NNN Rental Revenue
<br />(less) leasing fee
<br />(less) Vacancy
<br />(less) Non-reimb. Exp.
<br />Indutrail NOI
<br />Capitalized Value of NOI'
<br />(less) Cost of Sale
<br />Net Indutrial Value
<br />TOTALVALUE
<br />DEVELOPMENT COSTS
<br />Direct Costs
<br />Site Work
<br />Parking
<br />Surface
<br />Industrial
<br />Site
<br />Parking
<br />Construction
<br />TI/TA
<br />Subtotal
<br />Total Direct Costs
<br />Indirect Costs
<br />LEED Certification
<br />Permits and Fees
<br />Legal
<br />Insurance and Warranty
<br />Architecture and Engineering
<br />Developer Fee
<br />G&A
<br />Subtotal Indirect Costs
<br />Industrial
<br />Financing"
<br />Industrial
<br />Contingency
<br />Industrial
<br />Profit as a %of Total Costs (Belt
<br />Industrial
<br />Total Indirect Costs
<br />TOTAL COSTS (Direct + Indirect)
<br />Industrial
<br />14.7
<br />acres
<br />1
<br />stories
<br />N/A
<br />DU/AC
<br />303,109
<br />GBA sq.ft.
<br />303,109
<br />GBA sq.ft.
<br />2.0
<br />/1 ,000 NLAsq.ft.
<br />$0.95
<br />NLArsq.ft.
<br />3.0%
<br />NNN Rent
<br />5.00%
<br />5.00%
<br />4.25%
<br />cap rate
<br />3.00%
<br />4.4%
<br />implied cap rate
<br />$7
<br />/s q.ft.
<br />$3,500
<br />/stall
<br />100%
<br />pro rata based on GBA
<br />100%
<br />pro rata based on stalls
<br />$65
<br />/GBA sq.ft.
<br />$15
<br />MLA sq.ft.
<br />RESIDUAL LAND VALUE
<br />Industrial
<br />Retail
<br />Net RLV
<br />Per Acre
<br />Per Land Square Foot
<br />Per Gross Building Square Foot
<br />Per Net Building Square Foot
<br />RLV as % of Total Costs
<br />3.0%
<br />6% of Direct Costs
<br />1.0% of Direct Costs
<br />2.0% of Direct Costs
<br />7.0% of Direct Costs
<br />5.0% of Direct Costs
<br />2.5% of Direct Costs
<br />0.45 FAR
<br />0% efficiency
<br />95% efficiency
<br />576 stalls
<br />stalls
<br />576 stalls
<br />100% pro rata based on DC
<br />1.5 year(s) construction period
<br />100% pro rata based on DC
<br />5.0%
<br />100% pro rata based on DC
<br />15%
<br />100% pro rata based on DC
<br />N LA s q.ft.
<br />287,953 NLAsq.ft.
<br />$3,282,669
<br />($98,480)
<br />($159,209)
<br />($159.209)
<br />$2,865,770
<br />$67,429,874
<br />(52.022.896)
<br />$65,406,977
<br />$65,406,977
<br />$4,479,275
<br />$2,016,000
<br />$4,479,275
<br />$2,016,000
<br />$19,702,073
<br />$4,319,301
<br />$30,516,649
<br />$30,516,649
<br />$915,499
<br />$1,830,999
<br />$305,166
<br />$610,333
<br />$2,136,165
<br />$1,525,832
<br />762 916
<br />$8,086,912
<br />$8,086,912
<br />$1,553,793
<br />$1,553,793
<br />$2,007,868
<br />$2,007,868
<br />$6,324,783
<br />$6,324,783
<br />$17,973,356 $17,973,356
<br />$48,490,005
<br />$48,490,005
<br />$65,406,977
<br />0
<br />$16,916,972
<br />$1,151,598
<br />$26
<br />$56
<br />$58.75
<br />35%
<br />CBRE Industrial Cap Rate Orange County Hl 2019 for Class A 3.75-4.25
<br />"Construction financing assumptions:60% LTC, 4.5% inteleJ5)C .5861alance
<br />
|