|
Santa Ana Redhill Development
<br />DEVELOPM34T COSTS
<br />Direct Costs
<br />Site Work
<br />Parking
<br />Surface
<br />Structured
<br />Subtotal
<br />Residential
<br />Site
<br />Parking
<br />Construction
<br />Subtotal
<br />Retail
<br />Site
<br />Parking
<br />Construction
<br />TI/TA
<br />Subtotal
<br />Total Direct Costs
<br />Indirect Costs
<br />LEED Certification
<br />Permits and Fees
<br />Legal
<br />Insurance and Warranty
<br />Architecture and Engineenq
<br />Developer Fee
<br />G&A
<br />Subtotal Indirect Costs
<br />Residential
<br />Retail
<br />Financing***
<br />Residential
<br />Retail
<br />Contingency
<br />Residential
<br />Retail
<br />Profit as a %of Total Costs
<br />Residential
<br />Retail
<br />Total Indirect Costs
<br />TOTAL COSTS (Direct +Indirect)
<br />Residential
<br />Retail
<br />RESIDUAL LAND VALUE
<br />Residential
<br />Retail
<br />Net RLV
<br />Per Acre
<br />Per Land Square Foot
<br />Per Gross Building Square Foot
<br />Per Net Building Square Foot
<br />RLV as % of Total Costs
<br />$15 /sq.fi.
<br />$3,500 /stall
<br />$25,000 /stall
<br />93% pro rate based on GBA
<br />82% pro rate based on stalls
<br />$180 /GBAsq.R.
<br />7% pro rate based on GBA
<br />18% pro rate based on stalls
<br />$110 /GBAsq.R.
<br />$40 /NLAsgA
<br />3.0%
<br />8% /GBAsq.R.
<br />1.0% of Direct Costs
<br />2.0% of Direct Costs
<br />7.0% of Direct Costs
<br />5.0% of Direct Costs
<br />2.5% of Direct Costs
<br />92% pro rate based on DC
<br />8% pro rate based on DC
<br />1.5 year(s) construction period
<br />92% pro rate based on DC
<br />8% pro rate based on DC
<br />5.0%
<br />92% pro rate based on DC
<br />8% pro rate based on DC
<br />15%
<br />92% pro rate based on DC
<br />8% pro rate based on DC
<br />*CBRE Retail Cap Rate Orange County Hl 2019 for Class A 4-4.5
<br />**CBRE Retail Cap Rate Orange County Hl 2019 for Class B: 6.25-6.75
<br />—Construction financing assumptions:60%LTC, 4.5%interest, 2%fee, 50%avg. balance
<br />$9,598,446
<br />$294,000
<br />$51,475,000
<br />$51,769,000
<br />$8,889,935
<br />$42,594,166
<br />$200,757,642
<br />$252,241,743
<br />$708,511
<br />$9,174,834
<br />$9,777,778
<br />$3,200,000
<br />$22,861,122
<br />$275,102,866
<br />$8,253,086
<br />$22,008,229
<br />$2,751,029
<br />$5,502,057
<br />$19,257,201
<br />$13,755,143
<br />$6,877,572
<br />$78,404,317
<br />$14,228,664
<br />$18,386,792
<br />$57,918,396
<br />$71,888,897
<br />$6,515,420
<br />$13,046,258
<br />$1,182,406
<br />$16,858,845
<br />$1,527,947
<br />$53,105,361
<br />$4,813,034
<br />$168,938,169
<br />$407,141,105
<br />$36,899,930
<br />$444,041,035
<br />$71,851,708
<br />$5,955,438
<br />$65,896,270
<br />$4,485,791
<br />$103
<br />$55
<br />$69
<br />15%
<br />Prepared for: City of Santa Ana 75C-893 AECOM
<br />37
<br />
|