ROM Estimate

1220 N Vermont Ave — Every line requires a source

Line Item	Amount	Source
Acquisition Cost
Demolition & Abatement
Structural Modifications
MEP Rough-In
Bay Buildout (30 bays)
Equipment (Owner-Furnished)
Fire Protection
Soft Costs (Design, Permits, Legal)
Contingency%	$0

Revenue Assumptions

Target Bays

Rent/Bay/Month

Target Occupancy %

Total Renovation

Total Investment

Per Bay

Cost Confidence

Annual Revenue

$1,620,000

Projected NOI

$1,053,000

Cap Rate

0.0%

Payback

0.0 yrs

TRUE Cost

$498,462

Incl $498,462 rev delay