| |
Printer
Friendly Version
American
Commerce Center
Cash Flow Analysis
|
BANK ANALYSIS |
|
|
|
|
Cap Rate |
8.5%
|
|
|
|
Appraised Value Based on Cash Flow |
2,832,526
|
|
|
|
Appraised Value PSF |
75.53
|
|
|
|
Loan to Value |
80%
|
|
|
|
Maximum Loan Amount Based on Appraisal |
2,266,021
|
|
|
|
Loan Amount PSF |
60.43
|
|
|
|
Equity based on the loan to value |
566,505
|
|
|
|
Equity to Value |
20%
|
|
|
|
|
|
|
|
|
Number of periods |
20
|
|
|
|
Interest rate |
7.00%
|
|
|
|
Loan Amount |
2,266,021
|
|
|
|
Monthly Payment |
17,568
|
|
|
|
Annual Payment |
210,821
|
|
|
|
Debt Coverage Ratio |
1.14
|
|
|
|
|
|
|
|
CASH FLOW ANALYSIS |
|
|
|
|
Completed Building Costs |
2,461,735
|
|
|
|
Loan Amount |
2,266,021
|
|
|
|
Balance of equity after construction |
195,714
|
|
|
|
|
|
|
|
|
Net Operating Income |
240,765
|
|
|
|
Annual Payment |
210,821
|
|
|
|
Cash Flow |
29,943
|
|
|
|
|
|
|
|
RETURN ON EQUITY with leverage |
|
|
|
|
Equity |
195,714
|
|
|
|
Cash Flow |
29,943
|
|
|
|
Return on Equity |
15%
|
|
|
|
|
|
|
|
RETURN ON EQUITY without leverage |
|
|
|
|
Net operating income / Total Completed Building Cost |
10%
|
|
|
|
|
|
|
|
BREAK-EVEN ANALYSIS based on occupancy |
|
|
|
|
Total Expenses + Debt Service/ Gross Income |
69%
|
|
|
|
|
|
|
|
BREAK-EVEN ANALYSIS based on rent per square foot |
|
|
|
|
Total Expenses + Debt Service / Total Square Feet |
5.89
|
|
|
|
|
|
|
|
LAND COST PSF OF BUILDING |
|
|
|
|
Total land cost / building square feet |
9.18
|
|
|
|
|
|
|
|
FLOOR AREA RATIO |
|
|
|
|
Building square feet / Total land area |
27%
|
|
|
|
|
|
|
|
|
|
|
Recent Developments:
|
| |
-
Anchor Road Business Park, Casselberry, Florida
-
Armstrong Commerce Center, Kissimmee, Florida
-
Anchor Road Commerce Center, Casselberry, Florida
-
Anchor Point, Casselberry, Florida
-
Poinciana Industrial Park, Poinciana, Florida
|
|
| |
|
Management
and Consulting:
|
| |
|
|
|
|
| |
-
Wilson
Commerce Center, Casselberry, Florida
- Eckerd's,
Merritt Island, Florida
-
Sunrise
Towers, Coral Springs, Florida
-
Williams
Executive Center, Sunrise, Florida
-
The
Oaks, Jacksonville, Florida
-
Ives
I & II, Aventura, Florida
-
Wilshire
Office Plaza, Casselberry, Florida
|
|
| |
|
|
|
Proforma:
|
| |
|
|
| |
|
|
| |
|
|
| |
Contact
Information:
|
|
| |
|
|
| |
President
& CEO:
David McGregor 
Phone Number:
(407) 341-5557
|
|
|
|
|
