Lakeside Plaza OM

LAKESIDE PLAZA | EXPENSES

Square Feet:

119,370

2014 Actual

2015 Actual

2016 Actual

Pro Forma

Operating Expenses

Total $

$ PSF

Total $

$ PSF

Total $

$ PSF

Total $

$ PSF

EXPENSES (1)

Real Estate Taxes (2)

$219,714 $131,458 $69,677 $28,690 $9,958 $3,642 $23,459 $121,365 $81,098 $12,575 $130,282 $213,262 $30,765

$1.84 $1.10 $0.58 $0.24 $0.08 $0.03 $0.20 $1.02 $0.68 $0.11 $1.09 $1.79 $0.26

$230,546 $127,683 $75,513 $22,573 $12,339 $4,607 $37,306 $105,078 $86,818 $13,562 $120,670 $217,835 $24,669

$1.93 $1.07 $0.63 $0.19 $0.10 $0.04 $0.31 $0.88 $0.73 $0.11 $1.01 $1.82 $0.21

$252,477 $100,356 $60,714 $24,219 $12,775 $3,567 $48,872 $89,816 $77,318 $13,123 $120,903 $213,286 $38,190

$2.12 $0.84 $0.51 $0.20 $0.11 $0.03 $0.41 $0.75 $0.65 $0.11 $1.01 $1.79 $0.32

$260,051 $103,367 61,985 $24,945 $13,158 $3,674 $50,338 $92,511 $79,637 $13,516 $124,530 $219,685 $39,336

$2.18 $0.87 $0.52 $0.21 $0.11 $0.03 $0.42 $0.77 $0.67 $0.11 $1.04 $1.84 $0.33

Insurance

Management Fee (3)

Landscaping

Security Parking Elevator

Repairs & Maintenance

Salaries (4)

Association Dues

Cleaning

Electric

Water

Total Expenses

$1,075,945 $9.01 $1,079,199 $9.04

$1,055,615 $8.84 $1,086,733 $9.10

NOTES: 1) Pro Forma based on unaudited YE 2016 figures increased 3%. 2) It is the responsibility of the investor to determine the effect, if any, a sale would have on real estate taxes. Pro Forma Year 1 based on 2016 discounted taxes inflated by 3%. 3) Management Fee is 3% of effective gross revenue. 4) Salaries comprise a portion of the Property Manager's salary and a portion of the Engineer's salary, including benefits.

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