73 Hillside Way Summary

73 Hillside Way Summary

Lease Name	Monthly Gross	Total $	PV @ 11%	SqFt	Monthly Gross/SF	Total $/SF	PV/SF
Ackerman Proposal	$1,804	$108,242	$75,523	4,000	$0.45	$27.06	$18.88
Maxwell Proposal	$1,208	$72,500	$38,875	4,000	$0.30	$18.12	$9.72
Foster Proposal	$1,800	$108,019	$73,364	4,000	$0.45	$27.00	$18.34

73 Hillside Way Total Dollar

73 Hillside Way Total Dollar

	Start	2001	2002	2003	2004	2005	End	Total
Ackerman Proposal	($41,500)	$30,800	$30,402	$29,977	$29,524	$29,039	$0	$108,242
Maxwell Proposal	($65,500)	$17,600	$25,600	$31,600	$31,600	$31,600	$0	$72,500
Foster Proposal	($41,500)	$26,000	$27,820	$29,767	$31,851	$34,081	$0	$108,019

73 Hillside Way Present Value

73 Hillside Way Present Value

	Start	2001	2002	2003	2004	2005	End	Total
Ackerman Proposal	($41,500)	$29,247	$26,008	$23,104	$20,499	$18,165	$0	$75,523
Maxwell Proposal	($65,500)	$16,413	$21,900	$24,354	$21,941	$19,766	$0	$38,875
Foster Proposal	($41,500)	$24,689	$23,800	$22,942	$22,115	$21,318	$0	$73,364

73 Hillside Way Total Dollar per Rentable Square Foot

73 Hillside Way Total Dollar per Rentable Square Foot

	Start	2001	2002	2003	2004	2005	End	Total
Ackerman Proposal	($10.38)	$7.70	$7.60	$7.49	$7.38	$7.26	$0.00	$27.06
Maxwell Proposal	($16.38)	$4.40	$6.40	$7.90	$7.90	$7.90	$0.00	$18.12
Foster Proposal	($10.38)	$6.50	$6.96	$7.44	$7.96	$8.52	$0.00	$27.00

73 Hillside Way Present Value per Rentable Square Foot

73 Hillside Way Present Value per Rentable Square Foot

	Start	2001	2002	2003	2004	2005	End	Total
Ackerman Proposal	($10.38)	$7.31	$6.50	$5.78	$5.12	$4.54	$0.00	$18.88
Maxwell Proposal	($16.38)	$4.10	$5.48	$6.09	$5.49	$4.94	$0.00	$9.72
Foster Proposal	($10.38)	$6.17	$5.95	$5.74	$5.53	$5.33	$0.00	$18.34

73 Hillside Way Ackerman Proposal

73 Hillside Way Ackerman Proposal

	Measure	Rent	Rentable	Usable
Report Date 11/23/2024	Total Gross	$108,242	$27.06	$28.48
Rentable SF 4000	Avg Monthly Gross	$1,804	$0.45	$0.47
Usable SF 3800	PV @ 11%	$75,523	$18.88	$19.87
	Annual PV @ 11%	$15,105	$3.78	$3.97

This report is produced from the basic planEASe software priced at $995.

This form has been set up in this format specially for the evaluation of these lease proposals. When you use planEASe to evaluate your own lease proposals, you may set up your own form, deleting any of these rows, and adding as many of your own (for whatever purpose you name) as you wish.

The Ackerman Proposal calls for a five year full-service lease at $9.30/square foot rentable fixed rate.

Tenant improvement allowance of $7,000, plus floor covering allowance of $10/yd and an air conditioning allowance of $20,000. Additional improvements are to be paid by the tenant.

	Start	2001	2002	2003	2004	2005	End	Total
Base Rent	$0	$37,200	$37,200	$37,200	$37,200	$37,200	$0	$186,000
+ op	$0	($5,400)	($5,778)	($6,182)	($6,615)	($7,078)	$0	($31,054)
+ tax	$0	($1,000)	($1,020)	($1,040)	($1,061)	($1,082)	$0	($5,204)
+ net TI	($31,500)	$0	$0	$0	$0	$0	$0	($31,500)
+ Commission	($10,000)	$0	$0	$0	$0	$0	$0	($10,000)
+ parking	$0	$0	$0	$0	$0	$0	$0	$0
+ net buyout	$0	$0	$0	$0	$0	$0	$0	$0
+ moving	$0	$0	$0	$0	$0	$0	$0	$0
- free rent	$0	$0	$0	$0	$0	$0	$0	$0
Total $	($41,500)	$30,800	$30,402	$29,977	$29,524	$29,039	$0	$108,242
Total PV	($41,500)	$29,247	$26,008	$23,104	$20,499	$18,165	$0	$75,523
$/RSF	($10.38)	$7.70	$7.60	$7.49	$7.38	$7.26	$0.00	$27.06
$/USF	($10.92)	$8.11	$8.00	$7.89	$7.77	$7.64	$0.00	$28.48
PV/RSF	($10.38)	$7.31	$6.50	$5.78	$5.12	$4.54	$0.00	$18.88
PV/USF	($10.92)	$7.70	$6.84	$6.08	$5.39	$4.78	$0.00	$19.87

73 Hillside Way Maxwell Proposal

73 Hillside Way Maxwell Proposal

	Measure	Rent	Rentable	Usable
Report Date 11/23/2024	Total Gross	$72,500	$18.12	$19.08
Rentable SF 4000	Avg Monthly Gross	$1,208	$0.30	$0.32
Usable SF 3800	PV @ 11%	$38,875	$9.72	$10.23
	Annual PV @ 11%	$7,775	$1.94	$2.05

This report is produced from the basic planEASe software priced at $995.

This form has been set up in this format specially for the evaluation of these lease proposals. When you use planEASe to evaluate your own lease proposals, you may set up your own form, deleting any of these rows, and adding as many of your own (for whatever purpose you name) as you wish.

The Maxwell Proposal calls for a five-year full-service lease beginning at $8.00/square foot rentable for years 1 and 2, then increasing to $9.50 in years 3, 4 and 5.

Operating Expenses and Taxes to be passed through to the tenant, with an expense stop of $1.35/sf and a tax stop of $.25/sf. Three months' free rent at the beginning of the lease

Tenant improvement allowance as in Bob Ackerman's proposal, plus additional $14,000 and $10,000 allowances for the UPS and PBX installations.

	Start	2001	2002	2003	2004	2005	End	Total
Base Rent	$0	$32,000	$32,000	$38,000	$38,000	$38,000	$0	$178,000
+ op	$0	$0	$378	$782	$1,215	$1,678	$0	$4,054
- stop	$0	($5,400)	($5,778)	($6,182)	($6,615)	($7,078)	$0	($31,054)
+ tax	$0	$0	$20	$40	$61	$82	$0	$204
- stop	$0	($1,000)	($1,020)	($1,040)	($1,061)	($1,082)	$0	($5,204)
+ net TI	($55,500)	$0	$0	$0	$0	$0	$0	($55,500)
+ Commission	($10,000)	$0	$0	$0	$0	$0	$0	($10,000)
+ net buyout	$0	$0	$0	$0	$0	$0	$0	$0
+ parking	$0	$0	$0	$0	$0	$0	$0	$0
+ moving	$0	$0	$0	$0	$0	$0	$0	$0
- free rent	$0	($8,000)	$0	$0	$0	$0	$0	($8,000)
Total $	($65,500)	$17,600	$25,600	$31,600	$31,600	$31,600	$0	$72,500
Total PV	($65,500)	$16,413	$21,900	$24,354	$21,941	$19,766	$0	$38,875
$/RSF	($16.38)	$4.40	$6.40	$7.90	$7.90	$7.90	$0.00	$18.12
$/USF	($17.24)	$4.63	$6.74	$8.32	$8.32	$8.32	$0.00	$19.08
PV/RSF	($16.38)	$4.10	$5.48	$6.09	$5.49	$4.94	$0.00	$9.72
PV/USF	($17.24)	$4.32	$5.76	$6.41	$5.77	$5.20	$0.00	$10.23

73 Hillside Way Foster Proposal

73 Hillside Way Foster Proposal

	Measure	Rent	Rentable	Usable
Report Date 11/23/2024	Total Gross	$108,019	$27.00	$28.43
Rentable SF 4000	Avg Monthly Gross	$1,800	$0.45	$0.47
Usable SF 3800	PV @ 11%	$73,364	$18.34	$19.31
	Annual PV @ 11%	$14,673	$3.67	$3.86

This report is produced from the basic planEASe software priced at $995.

This form has been set up in this format specially for the evaluation of these lease proposals. When you use planEASe to evaluate your own lease proposals, you may set up your own form, deleting any of these rows, and adding as many of your own (for whatever purpose you name) as you wish.

David Foster's Proposal calls for a five-year net lease with base rent beginning at $6.50/square foot rentable with annual CPI escalation

All operating expenses and taxes to be paid by the tenant.

Tenant improvement allowance as in Ackerman's proposal.

	Start	2001	2002	2003	2004	2005	End	Total
Base Rent	$0	$26,000	$27,820	$29,767	$31,851	$34,081	$0	$149,519
+ op	$0	$0	$0	$0	$0	$0	$0	$0
+ tax	$0	$0	$0	$0	$0	$0	$0	$0
+ net TI	($31,500)	$0	$0	$0	$0	$0	$0	($31,500)
+ Commission	($10,000)	$0	$0	$0	$0	$0	$0	($10,000)
+ parking	$0	$0	$0	$0	$0	$0	$0	$0
+ net buyout	$0	$0	$0	$0	$0	$0	$0	$0
+ moving	$0	$0	$0	$0	$0	$0	$0	$0
- free rent	$0	$0	$0	$0	$0	$0	$0	$0
Total $	($41,500)	$26,000	$27,820	$29,767	$31,851	$34,081	$0	$108,019
Total PV	($41,500)	$24,689	$23,800	$22,942	$22,115	$21,318	$0	$73,364
$/RSF	($10.38)	$6.50	$6.96	$7.44	$7.96	$8.52	$0.00	$27.00
$/USF	($10.92)	$6.84	$7.32	$7.83	$8.38	$8.97	$0.00	$28.43
PV/RSF	($10.38)	$6.17	$5.95	$5.74	$5.53	$5.33	$0.00	$18.34
PV/USF	($10.92)	$6.50	$6.26	$6.04	$5.82	$5.61	$0.00	$19.31

73 Hillside Way Assumptions

73 Hillside Way Assumptions

Analysis Type	Owner Representation
Date of Acquisition	1 January 2001
Holding Period	5 Years
Inflation Rate	7% per Year
Present Value Discount Rate	11% per Year
Ackerman Proposal Assumptions
Annual Amount	$37,200.00
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Ackerman Proposal+ op Assumptions
Annual Amount	($5,400.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at the Inflation Rate
Ackerman Proposal+ tax Assumptions
Annual Amount	($1,000.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at 2% Annually
Ackerman Proposal+ net TI Assumptions
Annual Amount	($31,500.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Ackerman Proposal+ Commission Assumptions
Annual Amount	($10,000.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Ackerman Proposal+ parking Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Ackerman Proposal+ net buyout Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	None Specified
Growth Method	Continuous at the Inflation Rate
Ackerman Proposal+ moving Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	1 Year
Growth Method	No Growth
Ackerman Proposal- free rent Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	None Specified
Growth Method	Continuous at the Inflation Rate
Maxwell Proposal Assumptions
Annual Amount	$32,000.00
Start Date	at Acquisition
Period	2 Years
Growth Method	No Growth
Maxwell Proposal step 2 Assumptions
Annual Amount	$38,000.00
Start Date	Continuation
Period	3 Years
Growth Method	No Growth
Maxwell Proposal+ op Assumptions
Annual Amount	$5,400.00
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at the Inflation Rate
Maxwell Proposal- stop Assumptions
Annual Amount	($5,400.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Maxwell Proposal- stop Assumptions
Annual Amount	($5,400.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at the Inflation Rate
Maxwell Proposal+ tax Assumptions
Annual Amount	$1,000.00
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at 2% Annually
Maxwell Proposal- stop Assumptions
Annual Amount	($1,000.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Maxwell Proposal- stop Assumptions
Annual Amount	($1,000.00)
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at 2% Annually
Maxwell Proposal+ net TI Assumptions
Annual Amount	($55,500.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Maxwell Proposal+ Commission Assumptions
Annual Amount	($10,000.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Maxwell Proposal+ net buyout Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	None Specified
Growth Method	Continuous at the Inflation Rate
Maxwell Proposal+ parking Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	None Specified
Growth Method	Continuous at the Inflation Rate
Maxwell Proposal+ moving Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	1 Year
Growth Method	No Growth
Maxwell Proposal- free rent Assumptions
Annual Amount	($32,000.00)
Start Date	at Acquisition
Period	.25 Years
Growth Method	No Growth
Foster Proposal Assumptions
Annual Amount	$26,000.00
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at the Inflation Rate
Foster Proposal+ op Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at the Inflation Rate
Foster Proposal- stop Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	5 Years
Growth Method	No Growth
Foster Proposal+ tax Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	Annual at 2% Annually
Foster Proposal- stop Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Foster Proposal+ net TI Assumptions
Annual Amount	($31,500.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Foster Proposal+ Commission Assumptions
Annual Amount	($10,000.00)
Start Date	at Acquisition
Period	None Specified
Growth Method	No Growth
Foster Proposal+ parking Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	Until Projected Sale
Growth Method	No Growth
Foster Proposal+ net buyout Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	None Specified
Growth Method	Continuous at the Inflation Rate
Foster Proposal+ moving Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	1 Year
Growth Method	No Growth
Foster Proposal- free rent Assumptions
Annual Amount	None
Start Date	at Acquisition
Period	1 Year
Growth Method	No Growth