MovementMortgage_OM_Sept 5

CASH FLOW

Year 1

1

2

3

4

5

6

7

8

9

10

11

PSF

Dec 2020 Dec 2021

Dec 2022

Dec 2023 Dec 2024 Dec 2025 Dec 2026 Dec 2027 Dec 2028 Dec 2029

Dec 2030

For Fiscal Year Ending:

Base Rental Revenue Potential Base Rent

$16.39

$3,366,352 $3,433,679

$3,502,353

$3,572,400 $3,643,848 $3,716,725 $3,791,059

$3,866,880 $3,944,219 $4,023,103

$4,103,565

$16.39

$3,366,352 $3,433,679

$3,502,353

$3,572,400 $3,643,848 $3,716,725 $3,791,059 $3,866,880 $3,944,219 $4,023,103

$4,103,565

Total Base Rental Revenue

Per Square Foot

$16.39

$16.71

$17.05

$17.39

$17.74

$18.09

$18.45

$18.82

$19.20

$19.58

$19.98

Recoveries & Other Tenant Revenue Expense Recoveries Total Recoveries & Other Tenant Revenue

$1.95

$401,042

$492,204

$493,596

$495,022

$496,485

$497,984

$589,324

$590,899

$592,513

$761,278

$762,975

$1.95

$401,042

$492,204

$493,596

$495,022

$496,485

$497,984

$589,324

$590,899

$592,513

$761,278

$762,975

Per Square Foot

$1.95

$2.40

$2.40

$2.41

$2.42

$2.42

$2.87

$2.88

$2.88

$3.71

$3.71

Effective Gross Revenue

$18.34

$3,767,395 $3,925,883

$3,995,948

$4,067,423 $4,140,333 $4,214,709 $4,380,383 $4,457,779 $4,536,732 $4,784,381

$4,866,539

Per Square Foot

$18.34

$19.11

$19.45

$19.80

$20.15

$20.52

$21.32

$21.70

$22.08

$23.29

$23.69

Operating Expenses Association Dues

$0.04

$9,225

$9,456

$9,692

$9,934

$10,183

$10,437

$10,698

$10,966

$11,240

$11,521

$11,809

Insurance

$0.22

$45,100

$46,228

$47,383

$48,568

$49,782

$51,027

$52,302

$53,610

$54,950

$56,324

$57,732

Real Estate Taxes

$1.69

$346,717

$436,520

$436,520

$436,520

$436,520

$436,520

$526,324

$526,324

$526,324

$693,434

$693,434

$1.95

$401,042

$492,204

$493,596

$495,022

$496,485

$497,984

$589,324

$590,899

$592,513

$761,278

$762,975

Total Operating Expenses

Per Square Foot

$1.95

$2.40

$2.40

$2.41

$2.42

$2.42

$2.87

$2.88

$2.88

$3.71

$3.71

$16.39

$3,366,352 $3,433,679

$3,502,353

$3,572,400 $3,643,848 $3,716,725 $3,791,059 $3,866,880 $3,944,219 $4,023,103

$4,103,565

Net Operating Income

Per Square Foot

$16.39

$16.71

$17.05

$17.39

$17.74

$18.09

$18.45

$18.82

$19.20

$19.58

$19.98

$3,366,352 $3,433,679

$3,502,353

$3,572,400 $3,643,848 $3,716,725 $3,791,059 $3,866,880 $3,944,219 $4,023,103

$4,103,565

Net Cash Flow Before Debt Service $16.39

Per Square Foot

$16.39

$16.71

$17.05

$17.39

$17.74

$18.09

$18.45

$18.82

$19.20

$19.58

$19.98

MOVEMENT MORTGAGE HEADQUARTERS / CHARLOTTE MSA

51