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Income Expense Statement
4/1/08
Annual Income Per Square Foot
Income

Annual Potential Gross Rental Income

3,803 occupied square feet

$ 76,576
$16.62
Currently Vacant Space - 805 sf @ $16.00
12,880
16.00
Potential Gross Income
89,456
19.41
LESS: Vacancy & credit loss - 5%
( 4,473)
(.97)
Effective Gross Income (4,608 sq. feet)
$ 84,983
$18.44
Expenses
Real Estate Taxes
$17,520
$3.80
Insurance
4,000
.87
Maintenance
1,000
.22
Utilities
0
0
Administrative
500
.11
Payroll
0
0
Contract Services
0
.16
Management Fees @ 5% of E.G.I.
4,249
.92
Total Expenses
$ 27,269
$ 5.92
Net Operating Income
$ 57,714
$ 12.52

 

Disclaimer And Notice
The information included in this summary is provided "ONLY AS AN INTRODUCTION TO THE PROPERTY". All parties interested in purchasing should base their final decision on the results of their own independent inspection of the property. All parties should satisfy themselves as to the compliance of the property to all governmental governing bodies pertaining to legal, environmental or physical conditions of the title or property. All financial data provided is given for information purposes and is not guaranteed. All parties should perform their own market feasibility study to determine the soundness of the financial data provided. The Owner, Agent and all parties acting on behalf of the Owner or Agent hereby make no representations as to the accuracy or completeness of the information included in this summary. This information is believed to be accurate, we are not responsible for misstatements of facts, errors or omissions, prior sale, changes of price or withdrawal from the market without notice.