|
TABLE 1
<br />ESTIMATED DEVELOPMENT COSTS, BEFORE LAND
<br />SAN LEANDRO CREEKSIDE CENTER
<br />CORPORATION YARD SITE
<br />SAN LEANDRO, CA
<br />I. DIRECT COSTS
<br />BUILDING COSTS
<br />/SF
<br />CREDIT TENANTS (1)
<br />56,405 SF
<br />$57.32
<br />SHOPS/RESTAURANTS
<br />SHELL
<br />24,095 SF
<br />$65.00
<br />TENANT IMPROVEMENTS
<br />24,095 SF
<br />$24.00
<br />TOTAL BUILDING COSTS
<br />80,500 SF
<br />SITE WORK
<br />ON -SITES EXCLUSIVE OF LANDSCAPING
<br />338,339 GROSS LAND AREA
<br />$3 50
<br />CONCRETE WORK, 44C. CREEK PLAZA
<br />ALLOWANCE
<br />S!TE LANDSCAPING, INC. CREEK WALKWAY
<br />ALLOWANCE
<br />TRAFFIC SIGNAL
<br />ALLOWANCE
<br />CONTINGENCY
<br />% OF CONTT. COSTS
<br />10%
<br />TOTAL SITE WORK COST
<br />TOTAL DIRECT COSTS
<br />IL INDIRECT COSTS
<br />ARCHITECTURAL & ENG. FEES
<br />4.00% °% OF BLDG. COSTS
<br />CIVIL ENGINEER
<br />3.00% °% OF SITE WORK
<br />LANDSCAPE ARCHITECT
<br />8.00% % OF SITE LANDSCAPING
<br />SOILS ENGINEERING/CONSTR. INSPECTION
<br />JOINT TRENCH ENGINEER
<br />LEGALILEASING DOCUMENTS
<br />ECON. ANALJAPPRAISAL
<br />LEASING COMMISSIONS
<br />INSUR., BONDS, FEES, PERMITS, DFSI/UNDERGROUNDING ALLOWANCE
<br />GENERAL ADMINISTRATIVE EXPENSES
<br />CONTINGENCY
<br />5.00% % OF INDIRECT COSTS EXC.
<br />FINANC.
<br />PROJECT FINANCING
<br />INTEREST DURING CONSTRUCTION
<br />$3,233,000
<br />$1,566,000
<br />$578,000
<br />$1,184,000
<br />$250,000
<br />$200, 000
<br />$110,000
<br />$174,000
<br />$215,000
<br />$43,000
<br />$16,000
<br />$40,000
<br />$8,000
<br />$50,000
<br />$35,000
<br />$267.000
<br />$450,000
<br />$225,000
<br />$67,000
<br />Estimate
<br />$1997
<br />$5,37 7,000
<br />$1,918,000
<br />$7,295,000
<br />SITE WORK $50,000
<br />BUILDING (DIRECTS, EXC. SITE WORK) $210,000
<br />PERM. AND CONSTR. FINANCING FEES 2.50% $333,000
<br />TOTAL INDIRECT COSTS $2,009,000
<br />III. TOTAL DEVELOPMENT COSTS, BEFORE LAND $9,304,000
<br />rounded to: $9,300,000
<br />Notes: (1) Food Market, Walgreens Drug, Hollywood Video
<br />Source: Cre*%de Center Assodates,Inc. Pro(omre Dated 7/14197, KMk
<br />°repared by Keyser Marston Assodates, Inc.
<br />Larne: C:%EXCELCREEK.XLS: pro(orma. 814197. WCM
<br />19;3
<br />
|