Price

$464,500

CAP

9.99%

PRO FORMA

Income

Gross rent

$80,860

Vacancy factor 5%

(4,043)

CAM charges

8,550

Effective gross

$85,367

Expenses

Taxes new (1.1% of price)

$5,200

Insurance

5,000

Management

8,084

Water/sewer

3,394

Refuse

4,502

Electric

1,410

Landscape

2,133

Janitorial

1,256

Pkng. lot sweeping

148

Leasing fees

1,000

Repairs & Maintenance

6,808

Total expenses

$38,935

Net operating income

$46,432

China Gate Restaurant

$1,292.85/mth gross

3/05

Mansour Travel

$600/ mth gross

6/01

Telecare Corp.

$1,986.45/mth net

1/05

Cigarette Store

$800/mth net

6/02

Former Chief Auto space

$2,210/mth net projected

vacant