You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listed below.
Recurring CAPEX/Improvement Allowance $700,000
a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza.
b. If you plan to begin work on future pro formas for West Office Plaza, list at least five major factors that you would consider.