Development Cost Analysis

Land/Building Analysis
Quantity/SF Unit Cost
Land Area 4.4 Acres
Gross Land Cost 192,100 SF $6.00
Partner Buyout

Net Land - Cost 192,100 SF $6.00

Gross Building Area/$ per Building ft. 32,500 SF $35.46

Hard Cost

Building Shell 32,500 SF $102.50

Site Work Included
Offsite Costs Included
Hard Cost Contingency 5%

Sub-Total Hard Costs $107.63

Soft Cost

Architectural & Engineering 5.60% $6.00

Tap Fees $2.50
Legal Fees $2.31
Bank Fees & Appraisal $0.25
Title Insurance $1.68
Advertising & Marketing $1.00
Travel $0.18
Carry Cost (6 Month Carry based on $8/SF) $4.00
Property Tax Carry $1.25
Contingency 3.00%
Developer Fee 5.25%

Sub-Total Soft Cost $33.09

Total Hard & Soft Cost $140.71

Total Hard, Soft and Land Cost $176.18

Tnenat Improvements, Commissions, & Financing Cost

Leasing Commissions (10 yrs @ 4.5%) 4.50%

Tenant Improvements (Base) $25.00

Sub-Total Development Cost $209.44

Financing Cost $6.48

Total Development Cost

Total Development Cost $215.91

Total

$1,152,598

$1,152,598

$3,331,250.00

$166,562.50

$3,497,813.00

$195,000
$81,250
$75,000
$81.25
$54,450
$32,500
$6,000
$130,000
$40,625
$166,769
$285,607

$1,075,326

$4,573,139

$5,725,736

$268,406
 $812,500

$6,806,643
$210,515

$7,017,157