THE HUB 2024
BROKERS OPINION OF VALUE
Prestwick Square Drive, New Albany, IN
4100
CONTENTS LEAD AGENTS Nick Andrews First Vice President Investments Cincinnati Office D. 513.878.7741 nicholas.andrews@marcusmillichap.com Jordan Dickman First Vice President Investments Cincinnati Office D. 513.878.7735 jordan.dickman@marcusmillichap.com Austin Sum Senior Associate Cincinnati Office D. 513.878.7747 austin.sum@marcusmillichap.com Local Competitors Financials 12 18 SECTIONS
“OUR COMMITMENT IS TO HELP OUR CLIENTS CREATE AND PRESERVE WEALTH BY PROVIDING THEM WITH THE BEST REAL ESTATE INVESTMENT SALES, FINANCING, RESEARCH AND ADVISORY SERVICES AVAILABLE.”
300 WEST 4TH STREET, CINCINNATI, OH
$86.3B
VALUE OF RECENTLY CLOSED TRANSACTIONS
12,272
CLOSED SALES IN MOST RECENT YEAR
$12.8B
TOTAL VALUE OF RECENT LISTINGS
2,143
CLOSED FINANCINGS IN MOST RECENT YEARS
CALABASAS, CALIFORNIA | HQ 2,500 | EMPLOYEES 80+ | OFFICES
LOCAL EXPERTISE CINCINNATI DAYTON LEXINGTON LOUISVILLE
GLOBAL REACH,
YOUR TEAM
JORDAN DICKMAN
FIRST VICE PRESIDENTS DIRECTOR, NMHG
NICK ANDREWS
FIRST VICE PRESIDENTS DIRECTOR, NMHG
AUSTIN SUM
SENIOR INVESTMENT ASSOCIATE
AUSTIN Hall
INVESTMENT ASSOCIATE
ALDEN SIMMS
INVESTMENT ASSOCIATE
CORPORATE SUPPORT
LIZ POPP
MIDWEST OPERATIONS MANAGER
JOSH CARUANA
VICE PRESIDENT
REGIONAL MANAGER
INDIANAPOLIS | CINCINNATI | LOUISVILLE | ST LOUIS | KANSAS CITY
JOHN SEBREE
SENIOR VICE PRESIDENT
NATIONAL DIRECTOR
NATIONAL MULTI HOUSING GROUP
MICHAEL GLASS
SENIOR VICE PRESIDENT
MIDWEST DIVISION MANAGER
NATIONAL DIRECTOR, MANUFACTURED HOME COMMUNITIES GROUP
BROKER SUPPORT
SAM PETROSino
VALUATION & RESEARCH
BRETT MARTIN
INTERNAL ACCOUNTANT
BRITTANY CAMPBELL-KOCH DIRECTOR OF OPERATIONS
ALEX PAPA
MARKETING COORDINATOR
GEOGRAPHIC BOUNDARIES
Through the synergy of our closely-knit team, our expansive proprietary platform, and a far-reaching national network, we possess the innate ability to seamlessly facilitate the fluid movement of capital across the entire expanse of the country. What sets us apart is not just our technological prowess, but the collaborative ethos that infuses every facet of our operation.
INBOUND / OUTBOUND
$2.1B - MW. OUTBOUND
$3.8B - MW. INBOUND
At the heart of our success lies a culture of collaboration, where diverse minds converge to formulate innovative solutions. This, coupled with our cutting-edge technological infrastructure, propels us to the forefront of the industry. But what truly underpins our efficiency is a time-tested methodology that has consistently yielded remarkable results.
One of our core competencies is the art of precision in buyer-seller matching. Whether the focus is on a regional or national scale, our processes are adept at seamlessly aligning buyers with sellers in a manner that goes beyond mere transactions. This approach ensures that your success is
$9.2BB - W. OUTBOUND
$1.6B - W. INBOUND
$3.1B - S. OUTBOUND
$7.8B - S. INBOUND
$1.8B - TX/OK OUTBOUND
$6.4B - TX/OK INBOUND
$6.4B - NE. OUTBOUND
$1.4B - NE. INBOUND
$3.3B - MOUNTAIN OUTBOUND
$5.0B - MOUNTAIN INBOUND
LIMITLESS
#1 U.S. brokerage in number of transactions
13,255 Transactions
In most recent year
6.74 Transactions closed Every Business Hour
EXCHANGE LEADER
1031
Marcus & Millichap is the premier commercial real estate investment services firm in the United States. Founded in 1971 with a unique model that matches each property with the largest pool of pre-qualified investors, we leverage nearly five decades of experience and relationships to handle all your commercial real estate needs. Our team of more than 2,000 professionals in the United States and Canada focuses exclusively on real estate investment sales, financing, research and advisory services.
We Execute More Tax-Deferred Exchanges Than Any Other Firm In The United States (32% Of Total Transactions), And Our Market Share Is A
Direct Benefit To Clients. Over The Years, We Have Developed The Skills And Expertise To Maximize Value And Meet Sensitive Timelines Required
In A 1031 Exchange. With Billions Of Dollars Of Commercial Real Estate Exclusively Listed With Us At Any Time, Motivated Exchange Buyers Seek Out Marcus & Millichap For Quality Investment Opportunities. Through Our Industry-Leading Inventory, We Deliver The Best Of Both Worlds – We
Maximize The Value Of Your Asset Through Our Unparalleled Marketing.
We Then Help Identify Appropriate Upleg Options To Execute A Successful Tax Deferral Acquisition.
LEADING NATIONAL PLATFORM
MOVING CAPITAL. MAXIMIZING VALUE.
clients represented
2016 2015 2014 2017 2018 EXPERIENCE CAREER CLOSED CAREER UNITS CLOSED 2019 2020 2021 2022 2023 2024 10 YEARS $1.65B 20k+
FINISH LINE UNITS 192 CLOSING PRICE $32M CITY LOUISVILLE,KY UNION HILL UNITS 100 CLOSING PRICE $7.150M CITY DAYTON,OH VIEWS OF MT. AIRY UNITS 282 CLOSING PRICE $15.150M CITY CINCINNATI, OH BURLINGTON OAKS UNITS 240 CLOSING PRICE $30.5M CITY CINCINNATI, OH BOURBON COURT UNITS 218 CLOSING PRICE $9.1M CITY LEXINGTON, KY WYNDGATE UNITS 240 CLOSING PRICE $12M CITY DAYTON, OH
NOTEWORTHY DEALS
RECENT TRANSACTIONS
UNITS SALE PRICE CITY, STATE Wayne Estates 96 $6,000,000.00 Dayton, OH Union Hill 100 $7,150,000.00 Dayton, OH Northside Flats 139 $9,200,000.00 Cincinnati, OH Tri West Portfolio 640 $12,800,000.00 Cincinnati, OH Springfield Portfolio 333 $14,046,000.00 Springfield, OH Cedar Ridge 176 $13,850,000.00 Park Hills, KY 1840 McCullough 139 $14,500,000.00 Lexington, KY Bourbon Court 218 $9,100,000.00 Lexington, KY Woods and Grinstead 72 $14,850,000.00 Louisville, KY Independent Oaks 144 $13,500,000.00 Independence, KY Burlington Oaks 240 $30,500,000.00 Cincinnati, OH Oldham Oaks 216 $22,896,000.00 Oldham, KY Kentucky Towers 276 $17,700,000.00 Louisville, KY Views of Mt Airy 282 $15,150,000.00 Cincinnati, OH Kingsview 176 $10,500,000.00 Cincinnati, OH Arts Apartments 248 $9,400,000.00 Cincinnati, OH REM Portfolio 771 $50,000,000.00 Cincinnati, OH Finish Line 192 $32,000,000.00 Louisville, KY Wyndgate 240 $12,000,000.00 Dayton, OH
rent sort Studio
HUB $808
Jeff on 10th $950
Grove Apts
THE
The
Beech
$780
Studio Property Year Built # Units Avg SF Avg Rent Avg Rent/SF The Jeff on 10th 2022 190 396 $950 $2.40 Subject Pro Forma 1992/2014 141 539 $875 $1.62 Subject Average Effective 1992/2014 141 539 $808 $1.50 Beech Grove Apartments 1972 182 250 $780 $3.12
rent sort
ONE bedroom
Pinebrook Tower $850
Pinebrook Tower $850
Huntley
The
Plaza
Chrlestown
Glenview $909
The
Beech
THE HUB $863
Jeff on
10th $1,155
Grove Apts $925
Commons
Arbor Place Apts $1,000
$1,030
Ridge $854
Crossing Apts $
Square Apts $900
One Bedroom Property Year Built # Units Avg SF Avg Rent Avg Rent/SF The Jeff on 10th 2022 190 644 $1,155 $1.79 The Commons 2015 138 931 $1,030 $1.11 Arbor Place Apartments 1998 200 914 $1,000 $1.09 Subject Pro Forma 1992/2014 141 707 $960 $1.36 Beech Grove Apartments 1972 182 603 $925 $1.53 Glenview 1971 124 855 $909 $1.06 Plaza Square Apartments 1985 104 840 $900 $1.07 Subject Average Effective 1992/2014 141 707 $863 $1.22 Huntley Ridge New Albany 1970 112 750 $854 $1.14
rent sort two bedroom
Arbor
High Park Apts $1,175
The Commons $1,152
Huntley Ridge $854
Plaza Square Apts $1,100
Chrlestown Crossing $950
The
Beech Grove Apts $925
Glenview $909
THE HUB $1,005
Jeff on 10th $1,155
Place Apts $1,150
Two Bedroom Property Year Built # Units Avg SF Avg Rent Avg Rent/SF High Park Apartments 1984 96 872 $1,175 $1.35 The Jeff on 10th 2022 190 644 $1,155 $1.79 The Commons 2015 138 1057 $1,152 $1.09 Arbor Place Apartments 1998 200 1192 $1,150 $0.96 Subject Pro Forma 1992/2014 141 892 $1,131 $1.27 Plaza Square Apartments 1985 104 1100 $1,100 $1.00 Subject Average Effective 1992/2014 141 892 $1,005 $1.13 Charlestown Crossing Apts 1999 208 1138 $950 $0.83 Beech Grove Apartments 1972 182 603 $925 $1.53 Glenview 1971 235 855 $909 $1.06 Huntley Ridge New Albany 1970 112 750 $854 $1.14
rent sort
three bedroom
THE HUB $1,262
Grove Apts $1,275
Ridge $1,150
$1,319 Academy Park Apts $1,499
Beech
Huntley
Glenview
Three Bedroom Property Year Built # Units Avg SF Avg Rent Avg Rent/SF Academy Park Apartments 2015 154 1350 $1,499 $1.11 Glenview 1971 235 1600 $1,319 $0.82 Subject Pro Forma 1992/2014 141 1023 $1,315 $1.29 Beech Grove Apartments 1972 182 1143 $1,275 $1.12 Subject Average Effective 1992/2014 141 1023 $1,262 $1.23 Huntley Ridge New Albany 1970 112 1200 $1,150 $0.96
UNITS 138 YEAR BUILT 2015 OCCUPANCY 91.7% UNIT MIX UNITS SQFT RENT RENT/SF One Bedroom 66 931 $1,030 $1.11 Two Bedroom 72 1057 $1,152 $1.09 UNITS 200 YEAR BUILT 1998 OCCUPANCY 99.5% UNIT MIX UNITS SQFT RENT RENT/SF One Bedroom 96 914 $1,000 $1.09 Two Bedroom 104 1192 $1,150 $0.96 818 HAUSFELDT 200 ARBOR PL The Commons Arbor Place Apartments
UNITS 104 YEAR BUILT 1985 OCCUPANCY 98.1% UNIT MIX UNITS SQFT RENT RENT/SF One Bedroom 8 840 $900 $1.07 Two Bedroom 96 1100 $1,100 $1.00 UNITS 96 YEAR BUILT 1984 OCCUPANCY 85.4% UNIT MIX UNITS SQFT RENT RENT/SF Two Bedroom 96 872 $1,175 $1.35 3206 PLAZA RD 100 HIGH PARK DR Plaza Square high park apartments
UNIT MIX BREAKDOWN
THE HUB AVERAGE EFFECTIVE MARKET PROJECTED UNIT TYPE NO. OF UNITS RENTABLE SF TOTAL SF RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL RENT/UNIT RENT/SF TOTAL RENT POTENTIAL Studio 0BR/1BA 21 Units 539 SF 11,319 SF $807.68 $1.50 SF $16,961 $826.00 $1.53 SF $17,346 $875.00 $1.62 SF $18,375 Totals / Wtd. Averages 21 Units 539 SF 11,319 SF $807.68 $1.50 SF $16,961 $826.00 $1.53 SF $17,346 $875.00 $1.62 SF $18,375 One Bedroom 1BR/1BA - A 18 Units 650 SF 11,700 SF $861.83 $1.33 SF $15,513 $894.00 $1.38 SF $16,092 $950.00 $1.46 SF $17,100 1BR/1BA - B 13 Units 787 SF 10,231 SF $865.58 $1.10 SF $11,253 $884.00 $1.12 SF $11,492 $975.00 $1.24 SF $12,675 Totals / Wtd. Averages 31 Units 707 SF 21,931 SF $863.40 $1.22 SF $26,765 $889.81 $1.26 SF $27,584 $960.48 $1.36 SF $29,775 Two Bedroom 2BR/1BA - A 48 Units 836 SF 40,128 SF $977.97 $1.17 SF $46,943 $1,096.00 $1.31 SF $52,608 $1,125.00 $1.35 SF $54,000 2BR/1BA - B 15 Units 1,070 SF 16,050 SF $1,089.86 $1.02 SF $16,348 $1,095.00 $1.02 SF $16,425 $1,150.00 $1.07 SF $17,250 Totals / Wtd. Averages 63 Units 892 SF 56,178 SF $1,004.61 $1.13 SF $63,290 $1,095.76 $1.23 SF $69,033 $1,130.95 $1.27 SF $71,250 Three Bedroom 3BR/1BA 26 Units 1,023 SF 26,598 SF $1,262.00 $1.23 SF $32,812 $1,265.00 $1.24 SF $32,890 $1,315.00 $1.29 SF $34,190 Totals / Wtd. Averages 26 Units 1,023 SF 26,598 SF $1,262.00 $1.23 SF $32,812 $1,265.00 $1.24 SF $32,890 $1,315.00 $1.29 SF $34,190 Summary Studio 21 Units 539 SF 11,319 SF $807.68 $1.50 $16,961 $826.00 $1.53 SF $17,346 $875.00 $1.62 SF $18,375 One Bedroom 31 Units 707 SF 21,931 SF $863.40 $1.22 $26,765 $889.81 $1.26 SF $27,584 $960.48 $1.36 SF $29,775 Two Bedroom 63 Units 892 SF 56,178 SF $1,004.61 $1.13 $63,290 $1,095.76 $1.23 SF $69,033 $1,130.95 $1.27 SF $71,250 Three Bedroom 26 Units 1,023 SF 26,598 SF $1,262.00 $1.23 $32,812 $1,265.00 $1.24 SF $32,890 $1,315.00 $1.29 SF $34,190 Totals / Wtd. Averages 141 Units 823 SF 116,026 SF $991.70 $1.21 SF $139,829 $1,041.51 $1.27 SF $146,853 $1,089.29 $1.32 SF $153,590
UNIT DISTRIBUTION UNIT RENTS
THE HUB T12 RENT ROLL: AS OF FEBRUARY 12, 2024 INCOME AND EXPENSES: FEBRUARY 2023 - JANUARY 2024 GROSS POTENTIAL RENT % of GPR Per Unit All Units at Market Rent $1,675,078 T12 11,880 Gain (Loss) to Lease ($69,984) T12 4.18% (496) GROSS SCHEDULED RENT $1,605,094 11,384 TOTAL OTHER INCOME $266,743 16.62% 1,892 GROSS POTENTIAL $1,871,837 13,275 Physical Vacancy ($211,185) T12 13.16% (1,498) Bad Debt $0 0.00% 0 Concessions Allowance ($1,305) T12 0.08% (9) EFFECTIVE GROSS $1,659,347 82.58% 11,768 NON-CONTROLLABLE Real Estate Taxes % of EGI Per Unit 2024 Taxes Paid $104,491 Auditor 6.30% 741 Total Real Estate Taxes $104,491 6.30% 741 Insurance $64,963 T12 3.91% 461 Utilities Electric $49,611 T12 2.99% 352 Water & Sewage $90,671 T12 5.46% 643 Trash Removal $32,459 T12 1.96% 230 Utilities $172,741 10.41% 1,225 Total Non-Controllable $342,195 20.62% 2,427 CONTROLLABLE Contract Services Snow Removal $2,883 T12 0.17% 20 Landscaping/Grounds $35,768 T12 2.16% 254 Pest Control $8,998 T12 0.54% 64 Fire Protection $11,032 T12 0.66% 78 Contract Services $58,681 3.54% 416 Repairs & Maintenance $96,915 T12 5.84% 687 Marketing & Promotion $29,615 T12 1.78% 210 On-Site Payroll $260,044 T12 15.67% 1,844 Payroll Taxes & Benefits $23,503 T12 1.42% 167 General & Administrative $95,758 T12 5.77% 679 Management Fee $49,027 T12 2.95% 348 Telephone & Internet $15,069 T12 0.91% 107 Replacement & Reserves $42,300 Note 1 2.55% 300 Total Controllable $670,912 40.43% 4,758 TOTAL EXPENSES $1,013,107 61.05% 7,185 NET OPERATING INCOME $646,240 38.95% 4,583 EXPENSE INCOME UNDERWRITING NOTES # NOTE 1 Replacement & Reserves: added based on market norm of $255 per unit per year
T6 T6 INCOME BROKER ADJUSTED CONTROLLABLE EXPENSES T3 T3 INCOME BROKER ADJUSTED CONTROLLABLE EXPENSES YEAR 1 % of GPR Per Unit % of GPR Per Unit % of GPR Per Unit $1,668,716 T6 11,835 $1,666,512 T3 11,819 $1,843,080 13,071 ($8,910) T6 0.53% (63) ($268) T3 0.02% (2) ($36,862) 2.00% (261) $1,659,806 11,772 $1,666,244 11,817 $1,806,218 12,810 $294,514 17.74% 2,089 $293,404 17.61% 2,081 $301,745 16.71% 2,140 $1,954,320 13,860 $1,959,648 13,898 $2,107,963 14,950 ($347,502) T6 20.94% (2,465) ($330,056) T3 19.81% (2,341) ($90,311) 5.00% (641) $0 0.00% 0 $0 0.00% 0 ($18,062) 1.00% (128) ($950) T6 0.06% (7) ($1,544) T3 0.09% (11) $0 0.00% 0 $1,605,868 78.47% 11,389 $1,628,048 80.08% 11,546 $1,999,590 92.00% 14,181 % of EGI % of EGI Per Unit % of EGI $104,491 Auditor 6.51% 741 $104,491 Auditor 6.42% 741 $104,491 6.42% 741 $104,491 6.51% 741 $104,491 6.42% 741 $104,491 6.42% 741 $64,963 T12 3.91% 461 $64,963 T12 3.91% 461 $70,500 4.33% 500 $49,611 T12 2.99% 352 $49,611 T12 2.99% 352 $50,603 3.11% 359 $90,671 T12 5.46% 643 $90,671 T12 5.46% 643 $92,484 5.68% 656 $32,459 T12 1.96% 230 $32,459 T12 1.96% 230 $33,108 2.03% 235 $172,741 10.76% 1,225 $172,741 10.61% 1,225 $176,196 10.82% 1,250 $342,195 21.18% 2,427 $342,195 20.94% 2,427 $351,187 21.57% 2,491 $4,935 0.17% 35 $4,935 0.17% 35 $4,935 0.25% 35 $28,200 2.16% 200 $28,200 2.16% 200 $28,200 1.41% 200 $4,935 0.54% 35 $4,935 0.54% 35 $4,935 0.25% 35 $11,280 0.66% 80 $11,280 0.66% 80 $11,280 0.56% 80 $49,350 3.07% 350 $49,350 3.03% 350 $49,350 3.03% 350 $84,600 5.84% 600 $84,600 5.84% 600 $84,600 4.23% 600 $21,150 1.78% 150 $21,150 1.78% 150 $21,150 1.06% 150 $141,000 15.67% 1,000 $141,000 15.67% 1,000 $141,000 7.05% 1,000 $21,150 1.42% 150 $21,150 1.42% 150 $21,150 1.06% 150 $28,200 5.77% 200 $28,200 5.77% 200 $28,200 1.41% 200 $64,235 4.00% 567 $65,122 4.00% 567 $79,984 4.00% 567 $15,510 0.91% 110 $15,510 0.91% 110 $15,510 0.78% 110 $42,300 Note 1 2.63% 300 $42,300 Note 1 2.60% 300 $42,300 2.12% 300 $467,495 41.10% 3,427 $468,382 41.02% 3,427 $483,244 24.73% 3,427 $809,690 50.42% 5,742 $810,577 49.79% 5,749 $834,431 51.25% 5,918 $796,178 49.58% 5,647 $817,471 50.21% 5,798 $1,165,160 71.57% 8,264
T12 T6 T3 YR 1 YR 2 YR 3 YR 4 YR 5 YE JAN-2025 YE JAN-2026 YE JAN-2027 YE JAN-2028 YE JAN-2029 GROSS POTENTIAL RENT All Units at Market Rent $1,675,078 $1,668,716 $1,666,512 $1,843,080 $1,898,372 $1,955,324 $2,013,983 $2,074,403 Gain (Loss) to Lease ($69,984) ($8,910) ($268) ($36,862) ($37,967) ($39,106) ($40,280) ($41,488) GROSS SCHEDULED RENT $1,605,094 $1,659,806 $1,666,244 $1,806,218 $1,860,405 $1,916,217 $1,973,704 $2,032,915 TOTAL OTHER INCOME $266,743 $294,514 $292,854 $301,195 $307,219 $313,363 $319,631 $326,023 GROSS POTENTIAL INCOME $1,871,837 $1,954,320 $1,959,098 $2,107,963 $2,167,624 $2,229,580 $2,293,334 $2,358,938 Physical Vacancy ($211,185) ($347,502) ($330,056) ($90,311) ($93,020) ($95,811) ($98,685) ($101,646) Bad Debt $0 $0 $0 ($18,062) ($18,604) ($19,162) ($19,737) ($20,329) EFFECTIVE GROSS INCOME $1,659,347 $1,605,868 $1,627,498 $1,999,590 $2,056,000 $2,114,607 $2,174,912 $2,236,963 Real Estate Taxes $104,491 $104,491 $104,491 $104,491 $106,581 $108,713 $110,887 $113,105 Insurance $64,963 $64,963 $64,963 $70,500 $71,910 $73,348 $74,815 $76,311 Utilities $172,741 $172,741 $172,741 $176,196 $179,720 $183,314 $186,980 $190,720 Contract Services $58,681 $49,350 $49,350 $49,350 $50,337 $51,344 $52,371 $53,418 Repairs & Maintenance $96,915 $84,600 $84,600 $84,600 $86,292 $88,018 $89,778 $91,574 Marketing & Promotion $29,615 $21,150 $21,150 $21,150 $21,573 $22,004 $22,445 $22,893 On-Site Payroll $260,044 $141,000 $141,000 $141,000 $143,820 $146,696 $149,630 $152,623 Payroll Taxes & Benefits $23,503 $21,150 $21,150 $21,150 $21,573 $22,004 $22,445 $22,893 General & Administrative $95,758 $28,200 $28,200 $28,200 $28,764 $29,339 $29,926 $30,525 Management Fee $49,027 $64,235 $65,122 $79,984 $82,240 $84,584 $86,996 $89,479 Replacement & Reserves $42,300 $42,300 $42,300 $42,300 $43,146 $44,009 $44,889 $45,787 TOTAL EXPENSES $1,013,107 $809,690 $810,577 $834,431 $851,776 $869,511 $887,622 $906,116 NET OPERATING INCOME $426,774 $576,713 $598,005 $1,165,160 $1,204,224 $1,245,096 $1,287,290 $1,330,847 INCOME EXPENSE THE HUB CASH FLOW Tax Breakdown Property Address Parcel ID Year Built Acres Market Value Tax Rate Taxes Payable Land Use Code 4025-4152 Prestwick Sq Dr 22-05-08-401-244.000-008 1992/2014 5.27 $1,318,800 0.021696 $28,612.50 403 - 40 or more Family Apartments 4201-4237 Prestwick Sq Dr 22-05-08-401-248.000-008 1.69 $1,971,300 0.021557 $42,496.04 402 - 20 to 39 Family Apartments 4160 Prestwick Sq Dr 22-05-08-401-248.001-008 0.32 $1,548,100 0.021564 $33,382.58 402 - 20 to 39 Family Apartments Total 3.42 $2,146,250 $751,190 $59,021.86
CASH FLOW PROJECTION GROWTH RATE ASSUMPTIONS T12 T6 T3 YR 1 YR 2 INCOME Gross Potential Rent 10.03% 3.00% 3.00% 3.00% 3.00% (Loss) / Gain to Lease* 0.53% 0.02% 2.00% 2.00% 2.00% Other Income 3.00% 3.00% 3.00% 3.00% 3.00% EXPENSES Expenses 2.00% 2.00% 2.00% 2.00% Management Fee** 4.00% 4.00% 4.00% 4.00% 4.00% CASH FLOW PROJECTION GROWTH RATE ASSUMPTIONS T12 T6 T3 YR 1 YR 2 Physical Vacancy 20.94% 19.81% 5.00% 5.00% 5.00% Non-Revenue Units 0.00% 0.00% 0.00% 0.00% 0.00% Bad Debt 0.00% 0.00% 1.00% 1.00% 1.00% Concessions Allowance 0.06% 0.09% 0.00% 0.00% 0.00% Total Economic Loss 20.99% 19.90% 6.00% 6.00% 6.00%
THE HUB
