Start	2001	2002	2003	2004	2005	End	Total
Base Rent	$0	$32,000	$32,000	$38,000	$38,000	$38,000	$0	$178,000
+ op	$0	$0	$378	$782	$1,215	$1,678	$0	$4,054
- stop	$0	($5,400)	($5,778)	($6,182)	($6,615)	($7,078)	$0	($31,054)
+ tax	$0	$0	$20	$40	$61	$82	$0	$204
- stop	$0	($1,000)	($1,020)	($1,040)	($1,061)	($1,082)	$0	($5,204)
+ net TI	($55,500)	$0	$0	$0	$0	$0	$0	($55,500)
+ Commission	($10,000)	$0	$0	$0	$0	$0	$0	($10,000)
+ net buyout	$0	$0	$0	$0	$0	$0	$0	$0
+ parking	$0	$0	$0	$0	$0	$0	$0	$0
+ moving	$0	$0	$0	$0	$0	$0	$0	$0
- free rent	$0	($8,000)	$0	$0	$0	$0	$0	($8,000)
Total $	($65,500)	$17,600	$25,600	$31,600	$31,600	$31,600	$0	$72,500
Total PV	($65,500)	$16,413	$21,900	$24,354	$21,941	$19,766	$0	$38,875
$/RSF	($16.38)	$4.40	$6.40	$7.90	$7.90	$7.90	$0.00	$18.12
$/USF	($17.24)	$4.63	$6.74	$8.32	$8.32	$8.32	$0.00	$19.08
PV/RSF	($16.38)	$4.10	$5.48	$6.09	$5.49	$4.94	$0.00	$9.72
PV/USF	($17.24)	$4.32	$5.76	$6.41	$5.77	$5.20	$0.00	$10.23