NORTHERN HILLS SHOPPING CENTER - LoopNet

NORTHERN HILLS SHOPPING CENTER

SAN ANTONIO, TX

PRICING & FINANCIAL ANALYSIS

Northern Hills Shopping Center

12311 Nacogdoches Rd San Antonio, TX 78217

OFFERING SUMMARY

Price Cap Rate Net Operating Income Price PSF Occupancy Year Built Gross Leasable Area Lot Size

$6,980,646 6.75%

$471,186 $351.97 100.0%

1983 19,833 SF 1.80 Acres

NORTHERN HILLS SHOPPING CENTER

FINANCIAL ANALYSIS 2

PRICING & FINANCIAL ANALYSIS

NORTHERN HILLS SHOPPING CENTER

PROJECTED INCOME & EXPENSES

CURRENT PSF

Base Rent - Occupied Space GROSS POTENTIAL RENT Expense Reimbursements

CAM Recoveries Management Fee Recoveries Insurance Recoveries Real Estate Tax Recoveries Total Expense Reimbursements EFFECTIVE GROSS REVENUE Operating Expenses Total CAM Management Fee Total Insurance Total Real Estate Taxes Total Recoverable Expenses Net Operating Income

100%

$471,189 $23.76 $471,189 $23.76

$58,852 $2.97 $27,680 $1.40

$18,751 $0.95 $115,540 $5.83 $220,824 $11.13 $692,010 $34.89

4.00%

$58,852 $2.97 $27,680 $1.40

$18,751 $0.95 $115,540 $5.83 $220,824 $11.13 $471,186 $23.76

EXPENSES

Real Estate Taxes Insurance Total CAM Management Fee Total Expenses

CURRENT

4.00%

$115,540 $18,751 $58,852 $27,680 $220,824

PSF

$5.83 $0.95 $2.97 $1.40 $11.13

FINANCIAL ANALYSIS 3

RENT ROLL

Tenant

Dunkin Donuts Great Clips Lin's Express Mariner Financial Dental Laundrey Rey's Longhorn Caf? Total Count/GLA Occupied Available Total Avg Rent

NORTHERN HILLS SHOPPING CENTER

Suite

SQ FT % of SQFT

A-1 A-2 A-3 A-4 A-5 A-6 A-7

7 7 0 $23.76

2,400 1,406 3,100 1,806 1,800 3,321 6,000 19,833 19,833

0 19,833

12.10% 7.09% 15.63% 9.11% 9.08% 16.74% 30.25% 100% 100.0% 0.0% 100.0%

Lease Dates

Start

End

Minimum Rent

Annual

Monthly

PSF

Recoveries

Annual

PSF

07/13 02/18 04/19 06/16 02/18 01/19 12/17

07/23 08/24 04/24 05/21 01/28 12/28 11/27 Totals

$69,600 $33,744 $65,100 $42,441 $48,600 $79,704 $132,000 $471,189

$5,800 $2,812 $5,425 $3,537 $4,050 $6,642 $11,000 $39,266

$29.00 $26,722

$24.00 $15,655

$21.00 $34,516

$23.50 $20,108

$27.00 $20,042

$24.00 $36,977

$22.00

$66,805 $220,824

$11.13 $11.13 $11.13 $11.13 $11.13 $11.13 $11.13

Total

Revenue

% of Revenue

$96,322

13.92%

$49,399

7.14%

$99,616

14.40%

$62,549

9.04%

$68,642

9.92%

$116,681

16.86%

$198,805 $692,013

28.73% 100.00%

FINANCIAL ANALYSIS 4

ESTIMATED REIMBURSEMENT REVENUE

NORTHERN HILLS SHOPPING CENTER

Tenant

Dunkin Donuts Great Clips Lin's Express Mariner Financial Dental Laundrey Rey's Longhorn Caf? TOTALS

Suite

A-1 A-2 A-3 A-4 A-5 A-6 A-7

SQ FT

2,400 1,406 3,100 1,806 1,800 3,321 6,000 19,833

% of SQFT

12.10% 7.09% 15.63% 9.11% 9.08% 16.74% 30.25% 100%

CAM Monthly PSF

$593 $2.97

$348 $2.97

$767 $2.97

$447 $2.97

$445 $2.97

$821 $2.97

$1,484 $4,904

$2.97

Management Fee

Monthly

PSF

$279

$1.40

$164

$1.40

$361

$1.40

$210

$1.40

$209

$1.40

$386

$1.40

$698 $2,307

$1.40

Insurance

Monthly

PSF

$189

$0.95

$111

$0.95

$244

$0.95

$142

$0.95

$142

$0.95

$262

$0.95

$473 $1,563

$0.95

Real Estate Taxes

Monthly

PSF

$1,165

$5.83

$683

$5.83

$1,505

$5.83

$877

$5.83

$874

$5.83

$1,612

$5.83

$2,913 $9,628

$5.83

Total Recovery

Monthly

PSF

$2,227

$11.13

$1,305

$11.13

$2,876

$11.13

$1,676

$11.13

$1,670

$11.13

$3,081

$11.13

$5,567 $18,402

$11.13

FINANCIAL ANALYSIS 5

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