11 ATTACHMENTS 05-07 - Laserfiche WebLink

Table C-11 Warehouse/Distribution Residual Land Value East Pleasanton Specific Plan Infrastructure Feasibility Analysis; EPS#121090 Item Assumption Per Bldg.Sq.Ft. Total DEVELOPMENT PROGRAM ASSUMPTIONS Gross Building Area(sq.8.) 15,682 Efficiency Ratio 80% Net Building Area(sq.ft.) 12,545 Parking Ratio(spaces per 1,000 sq.ft.) 3.3 Total Spaces 41 REVENUE ASSUMPTIONS Gross Revenue(NNN) $13.00 /NLA $10.40 $163,089 (less)Operating Expenses 0% $0.00 $0 (less)Commissions 3% ($0.31) ($4,893) (less)Vacancy Rate 3% 1$0.31) f$4,8931 Subtotal $9.78 $153,303 Capitalized Value 7.0% cap rate $139.66 $2,190,047 (less)Cost of Sale 2.0% 152.791 1$43.801) Total Revenue $137 $2,146,247 COST ASSUMPTIONS Direct Costs Building Construction Cost $85 /GLA sq.ft. $85.00 $1,332,936 Site Improvement Cost $5.0 /land sq.0. $13.89 $217,800 Parking Construction Cost $0 /per space $0.00 $0 Total Direct Costs $98.89 $1,550,736 Indirect Costs Tenant Improvements $1.00 /GLA sq.ft. $1.00 $15,682 Impact Fees Water $124,230 /acre $7.92 $124,230 Wastewater $45,642 /acre $2.91 $45,642 Public Facilities $6,887 /acre $0.44 $6,887 Traffic Development $60,226 /acre $3.84 $60,226 Tri-Valley Transportation Committee Fee $37,270 /acre $2.38 $37,270 Impervious Surface $37,026 /acre $2.36 $37,026 In-lieu Park Dedication Fee $0 /acre $0.00 $0 GIS Fee $87 /acre $0.01 $87 School Impact Fee $6,347 /acre $0.40 $6,347 Other Indirect Costs(1) 15% of direct costs $12.75 $199.94Q Total Indirect Costs 34% of direct costs $34.01 $533,337 Subtotal,Direct and Indirect Costs $133 $2,084,073 Contingency(%of direct and indirect costs) 5% $6.64 $104,203.64 Developer Return(%of direct and indirect costs) 15% $19.93 $312,611 Total Costs $159 $2,500,887 RESIDUAL LAND VALUE ($23) ($354,641) (1)Include architecture&engineering,financing,and G&A costs. Source:Economic&Planning Systems,Inc. Economic&Planning Systems,Inc. 712512013 P:11210001121090EastPleasanlonlOataVnhasbucture Feasibilily(Feasibility Calcs 7.22.13 xIsx