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TABLE 1 <br />ESTIMATED DEVELOPMENT COSTS, BEFORE LAND <br />SAN LEANDRO CREEKSIDE PLAZA BUSINESS PARK <br />CORPORATION YARD SITE <br />SAN LEANDRO, CA <br />I. DIRECT COSTS <br />BUILDING COSTS /SF <br />SHELL & TENANT IMPROVEMENTS 130,000 NET RENTABLE SF $95.50 $12,415,000 <br />RESTAURANT ADDITIONAL TENANT IMPROVEMENTS ALLOWANCE $250,000 <br />SITE WORK <br />TOTAL SITE WORK 248,795 USABLE LAND AREA $9.69 $2,410,000 <br />(INCLUDING PLAZA & CREEKWALK) <br />CONTINGENCY $0 <br />TOTAL DIRECT COSTS $15,075,000 <br />II. INDIRECT COSTS <br />PROFESSIONAL FEES & DESIGN <br />$6.15 NET RENTABLE AREA <br />$800,000 <br />CONSTRUCTION BONDS <br />ALLOWANCE <br />$300,000 <br />REAL ESTATE TAXES <br />$30,000 <br />GOVERNMENTAL & UTILITY FEES (1) <br />ALLOWANCE <br />$650,000 <br />GENERAL ADMIN./CONSTRUCTION MGMT. <br />ALLOWANCE <br />$320,000 <br />REAL ESTATE LEASING COMMISSIONS <br />ALLOWANCE50$ <br />0,000 <br />$2,600,000 <br />PROJECT FINANCING <br />INTEREST DURING CONSTRUCTION <br />BUILDING & SITE WORK <br />9.5% $18,000,000 <br />$850,000 <br />PERM. AND CONSTR. FINANCING FEES <br />2.0% <br />$360,000 <br />TOTAL INDIRECT COSTS <br />Notes: <br />(1) Includes DFSI, Undergrounding of utilities, plan check, etc. <br />Source: Creekside Center Associates,lnc. Proforma Dated 7/14/97, KMA. ,. <br />Prepared by: Keyser Marston Associates, Inc. <br />Filename: 19096.001\CreeksideBusinessParkReuse.xis; proforma; 2/8/2000; WCM. <br />