Jan 11	Feb 11	Mar 11	Apr 11	May 11	Jun 11	Jul 11	Aug 11	Sep 11	Oct 11	Nov 11	Dec 11	Ttl 11
Gross Incomehide
100 Pharmacy (5000 sf)	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$10,417	$125,000
101 Lab Tech (2500 sf)	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$5,208	$62,500
102 Dentist (2500 sf)	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$6,250	$75,000
201 Medical (5000 sf)	$10,590	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$10,643	$127,658
202 Medical (2500 sf)	$5,625	$5,747	$5,747	$5,747	$5,747	$5,747	$5,747	$5,804	$5,804	$5,804	$5,804	$5,804	$69,128
203 Medical (2500 sf)	$5,625	$5,625	$5,625	$5,625	$5,775	$5,775	$5,775	$5,775	$5,775	$5,775	$5,775	$5,775	$68,704
Base Rental Revenue	$43,715	$43,890	$43,890	$43,890	$44,040	$44,040	$44,040	$44,097	$44,097	$44,097	$44,097	$44,097	$527,990
Reimbursement Detailhide
Reimb Taxes	$553	$553	$553	$553	$553	$553	$553	$553	$553	$553	$553	$553	$6,630
Reimb Insurance	$78	$78	$78	$78	$78	$78	$78	$78	$78	$78	$78	$78	$935
Reimb Common Area Maintenance	$177	$177	$177	$177	$177	$177	$177	$184	$184	$184	$184	$184	$2,160
Reimb Managment Fee	$1,250	$1,250	$1,250	$1,250	$1,250	$1,250	$1,250	$1,325	$1,325	$1,325	$1,325	$1,325	$15,375
Total Reimbursements	$2,058	$2,058	$2,058	$2,058	$2,058	$2,058	$2,058	$2,140	$2,140	$2,140	$2,140	$2,140	$25,100
Total Gross Income	$45,772	$45,947	$45,947	$45,947	$46,098	$46,098	$46,098	$46,237	$46,237	$46,237	$46,237	$46,237	$553,090
Less: Vacancy & Credit Loss	$23,883	$12,394	$12,394	$12,394	$12,544	$12,544	$12,544	$6,297	$6,297	$6,297	$6,297	$6,297	$130,180
Effective Income	$21,889	$33,553	$33,553	$33,553	$33,553	$33,553	$33,553	$39,940	$39,940	$39,940	$39,940	$39,940	$422,910
Less: Expenseshide
Taxes	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$1,084	$13,005
Insurance	$149	$149	$149	$149	$149	$149	$149	$149	$149	$149	$149	$149	$1,785
Common Area Maintenance	$354	$354	$354	$354	$354	$354	$354	$361	$361	$361	$361	$361	$4,285
Managment Fee	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$2,500	$2,575	$2,575	$2,575	$2,575	$2,575	$30,375
Reserve	$170	$170	$170	$170	$170	$170	$170	$170	$170	$170	$170	$170	$2,040
Total Operating Expenses	$4,257	$4,257	$4,257	$4,257	$4,257	$4,257	$4,257	$4,339	$4,339	$4,339	$4,339	$4,339	$51,490
Net Operating Income	$17,633	$29,297	$29,297	$29,297	$29,297	$29,297	$29,297	$35,601	$35,601	$35,601	$35,601	$35,601	$371,420
Less: Debt Servicehide
Permanent	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$329,858
Total Debt Service	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$27,488	$329,858
Net Operating Cash Flow	($9,856)	$1,809	$1,809	$1,809	$1,809	$1,809	$1,809	$8,113	$8,113	$8,113	$8,113	$8,113	$41,562
Less: Capital Spendinghide
Land Purchase	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Construction Spending	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Hard Cost Contigency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
General Conditions	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Trash Enclosures	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Clearing & Grading	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Storm Drainage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Site Concrete	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Sub Base paving	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Building Pad stabalization	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Site Utilities	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Site Electric-Lighting	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Signage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Landscape & Irrigation	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Contg.	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Sewer Capacity	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Water Fee's	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Electricial Fee's	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Permits-Zoning-Review Fee's	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Plan Copies	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Developers Liability Insurance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Architects	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Civil Engineering	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Landscape Design	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Reimbursable Architects	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Legal	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Travel to site	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Construction Management Fee	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Appraisal	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Survey	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Title Insurance	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
General Contigency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
TI for First Floor	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Commisions for First Floor	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Market TI's	$0	$127,711	$0	$0	$0	$0	$0	$77,389	$0	$0	$0	$0	$205,099
Market Commissions	$0	$47,472	$0	$0	$0	$0	$0	$18,123	$0	$0	$0	$0	$65,595
Total Capital Spending	$0	$175,182	$0	$0	$0	$0	$0	$95,512	$0	$0	$0	$0	$270,694
Cash Flow Before Tax	($9,856)	($173,374)	$1,809	$1,809	$1,809	$1,809	$1,809	($87,399)	$8,113	$8,113	$8,113	$8,113	($229,132)
Taxable Income and Taxes
(Losses Carried Forward)
Taxable Revenues	$21,889	$33,553	$33,553	$33,553	$33,553	$33,553	$33,553	$39,940	$39,940	$39,940	$39,940	$39,940	$422,910
Less: Deducted Expenses	$4,257	$4,257	$4,257	$4,257	$4,257	$4,257	$4,257	$4,339	$4,339	$4,339	$4,339	$4,339	$51,490
Less: Interest Expensehide
Permanent	$20,522	$20,481	$20,440	$20,399	$20,358	$20,316	$20,274	$20,232	$20,190	$20,147	$20,105	$20,062	$243,527
Total Interest Expense	$20,522	$20,481	$20,440	$20,399	$20,358	$20,316	$20,274	$20,232	$20,190	$20,147	$20,105	$20,062	$243,527
Less: Depreciationhide
Construction Spending	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$2,618	$31,416
Hard Cost Contigency	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$916
General Conditions	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$1,047
Trash Enclosures	$21	$21	$21	$21	$21	$21	$21	$21	$21	$21	$21	$21	$249
Clearing & Grading	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$602
Storm Drainage	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$76	$916
Site Concrete	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$50	$602
Sub Base paving	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$785
Building Pad stabalization	$22	$22	$22	$22	$22	$22	$22	$22	$22	$22	$22	$22	$262
Site Utilities	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$654
Site Electric-Lighting	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$87	$1,047
Signage	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$55	$654
Landscape & Irrigation	$44	$44	$44	$44	$44	$44	$44	$44	$44	$44	$44	$44	$524
Contg.	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$785
Sewer Capacity	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$131
Water Fee's	$4	$4	$4	$4	$4	$4	$4	$4	$4	$4	$4	$4	$52
Electricial Fee's	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$11	$131
Permits-Zoning-Review Fee's	$7	$7	$7	$7	$7	$7	$7	$7	$7	$7	$7	$7	$79
Plan Copies	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$13
Developers Liability Insurance	$26	$26	$26	$26	$26	$26	$26	$26	$26	$26	$26	$26	$314
Architects	$142	$142	$142	$142	$142	$142	$142	$142	$142	$142	$142	$142	$1,702
Civil Engineering	$48	$48	$48	$48	$48	$48	$48	$48	$48	$48	$48	$48	$576
Landscape Design	$5	$5	$5	$5	$5	$5	$5	$5	$5	$5	$5	$5	$65
Reimbursable Architects	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$118
Legal	$98	$98	$98	$98	$98	$98	$98	$98	$98	$98	$98	$98	$1,178
Travel to site	$2	$2	$2	$2	$2	$2	$2	$2	$2	$2	$2	$2	$21
Construction Management Fee	$16	$16	$16	$16	$16	$16	$16	$16	$16	$16	$16	$16	$196
Appraisal	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$10	$118
Survey	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$92
Title Insurance	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$8	$92
General Contigency	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$65	$785
TI for First Floor	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$1,091	$13,090
Commisions for First Floor	$262	$262	$262	$262	$262	$262	$262	$262	$262	$262	$262	$262	$3,142
Market TI's	$0	$387	$387	$387	$387	$387	$387	$903	$903	$903	$903	$903	$6,837
Market Commissions	$0	$308	$308	$308	$308	$308	$308	$671	$671	$671	$671	$671	$5,203
Total Depreciation	$5,196	$5,892	$5,892	$5,892	$5,892	$5,892	$5,892	$6,770	$6,770	$6,770	$6,770	$6,770	$74,395
Ordinary Income	($8,086)	$2,924	$2,965	$3,006	$3,047	$3,089	$3,131	$8,599	$8,641	$8,684	$8,727	$8,770	$53,498
Taxable Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,405	$8,727	$8,770	$22,902
(Cum Suspended Losses)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Taxes Due (- = Savings)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,892	$3,054	$3,069	$8,016
Cash Flow After Tax	($9,856)	($173,374)	$1,809	$1,809	$1,809	$1,809	$1,809	($87,399)	$8,113	$6,221	$5,059	$5,044	($237,148)