Start	2001	2002	2003	2004	2005	End	Total
Base Rent	$0	$37,200	$37,200	$37,200	$37,200	$37,200	$0	$186,000
+ op	$0	($5,400)	($5,778)	($6,182)	($6,615)	($7,078)	$0	($31,054)
+ tax	$0	($1,000)	($1,020)	($1,040)	($1,061)	($1,082)	$0	($5,204)
+ net TI	($31,500)	$0	$0	$0	$0	$0	$0	($31,500)
+ Commission	($10,000)	$0	$0	$0	$0	$0	$0	($10,000)
+ parking	$0	$0	$0	$0	$0	$0	$0	$0
+ net buyout	$0	$0	$0	$0	$0	$0	$0	$0
+ moving	$0	$0	$0	$0	$0	$0	$0	$0
- free rent	$0	$0	$0	$0	$0	$0	$0	$0
Total $	($41,500)	$30,800	$30,402	$29,977	$29,524	$29,039	$0	$108,242
Total PV	($41,500)	$29,247	$26,008	$23,104	$20,499	$18,165	$0	$75,523
$/RSF	($10.38)	$7.70	$7.60	$7.49	$7.38	$7.26	$0.00	$27.06
$/USF	($10.92)	$8.11	$8.00	$7.89	$7.77	$7.64	$0.00	$28.48
PV/RSF	($10.38)	$7.31	$6.50	$5.78	$5.12	$4.54	$0.00	$18.88
PV/USF	($10.92)	$7.70	$6.84	$6.08	$5.39	$4.78	$0.00	$19.87