Exclusive Investment Offering: Condominium Interest - Transwestern

73
Financial Summary and Assumptions
PROPERTY DESCRIPTION
Building Name
The Shops at the Palladium
Building Address
1445 Laughlin Ave.
McLean, Virginia
Property Type
Retail
Size of Building
Rentable SF 9,491
GLOBAL
Analysis Period
Commencement Date January 1, 2008
End Date December 31, 2017
Term (Years) 10
Growth Rate (CAM, Insurance and RET) 3.00%
General Vacancy Rate (reduced by absorption & turnover vacancy)
Chain Bridge Bank 2.50%
Other Tenants 5.00%
FUTURE LEASING ASSUMPTIONS
Retention Ratio 80.00%
Lease Term
Retail (0 SF- 4,999 SF)
Five (5) Years
Retail (5,000 SF & Larger)
Ten (10) Years
Current Market Rent (PSF Per Year)
Retail (0 SF- 4,999 SF) $50.00
Retail (5,000 SF & Larger) $50.00
Annual Rental Escalation 3.00%
Expense Recovery Type
Triple Net (pro rata share)
Tenant Improvements Per SF
New $7.00
Renew $0.00
Leasing Commissions
New 4.00%
Renew 0.00%
Downtime
Three (3) Months
EXPENSES
Management Fee (% of EGR) 3.00%
Operating Expense Source
Based on 2008 budget
Real Estate Taxes Source
Based on 2007 Tax Bill
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u s e d ar e f o r e x a m p l e o n l y an d do n o t r e p r e s e n t t h e c u r r e n t o r f u t u r e p e r f o r m a n c e o f t h i s p r o p e r t y. t h e
v a l u e o f t h i s t r a n s a c t i o n t o y o u d e p e n d s o n t a x a n d o t h e r s f a c t o r s w h i c h s h o u l d b e e v a l u a t e d b y y o u r t a x ,
f i n a n c i a l , a n d l e g a l a d v i s o r s. y o u a n d y o u r a d v i s o r s s h o u l d c o n d u c t a c a r e f u l , i n d e p e n d e n t i n v e s t i g at i o n
o f t h e p r o p e r t y to d e t e r m i n e t h e suitability o f t h e p r o p e r t y to m e e t yo u r n e e d s .
StarNut Gourmet Outdoor Seating
ASSET INVESTMENT SALES GROUP