ANALYSIS OF RENTAL AMOUNTS FOR STC OFFICE IN SETTLEMENT NEGOTIATIONS

ANALYSIS OF RENTAL AMOUNTS FOR STC OFFICE IN SETTLEMENT NEGOTIATIONS Trust Asset Space -per Current rent payments being Base rent per FTC lease with reduction as Settlement comtemplated reduced Base Rent with an Trust Asset Space -with rent roll with a CPI made by STC under contemplated in the CPI YR CPI Yr approx CPI annual out $6 reduction adjustment Approximate FTC lease settlement points 1 2 adjustment Annual rent $ 155,958 $ 155,958 $ 89,532 $ 79,548 70,624 Months 12 12 12.00 12.00 12.00 Monthly rent $ 12,997 $ 12,997 $ 7,461 $ 6,629 $ 5,885 Square footage 6000 6000 2,800 2,800 Price per Square foot $ 25.99 $ 25.99 $ 31.98 $ 28.41 29.56 30.75 31.98 Reduction $ (6.00) $ (6.00) $ (6.00) Revised price per square ft 25.99 $ 19.99 $ 25.98 $ 22.41 n.n 24.25 25.22 Sq ft 6,000 6,000 2,800 2,800 2,800 Annual rent 155,958 $ 119,958 $ 72,732 $ 62,748 i 70,624 CAM charges 11.44 $ 11.44 11.44 11.44 11.44 Annual CAM 68,640.00 $ 68,640.00 $ 32,032.00 $ 32,032.00 32,032.00 Total cost 224,598 $ 188,598 $ 104,764 $ 94,780 102,656 EFTA00619885 Database: Bldg Status: ISLANDGLOBAL Active only Rent Roll American Yacht HerbOf 2/1/2013 Page: Date: 2 2/1/2013 10:43 AM Bldg Id -Suit Id Occupant Name Rent Start Expiration CIA Sett Monthly Base Rent Annual Rate PSF Monthly Expense Cost Recovery Stop Monthly Other Income Future Rent Increases Cat Date Monthly Amount PSF AYH 433-1 Caribbean Saloon 1/12010 12/31/2014 3,504 6961.10 23.84 3.34048 250.00 AYH -83-3 Financed Trust Co 10/1/2009 9/30/2014 2.800 7243.70 31.04 2,669.33 375.00 BRN 10/1/2013 7,461.01 31.98 AYH -C1-6 Trust Asset Mgmt 1/1/2012 12/31/2014 6,000 12,617.50 2524 5.720.00 175.00 BRN 1/12014 12.996.03 25.99 AYH -C2-2 Cool Signs 6/1/2011 5/31/2015 892 3,493.91 33.17 1,205.01 50.00 SRN 6/1/2013 3.738.48 35.49 BRN 6/1/2014 4,000.17 37.98 Additional Space AYH -C2-3 8/12011 5/31/2015 372 Total 1,264 3,493.91 1205.01 50.00 AYH C2-4 Red Hook Videos 4/1/2008 3/31/2013 890 2,517.03 33.94 848.47 75.00 AYH -C2-5 Augusto Tromben 10/1/2011 9202014 500 1,793.75 43.05 476.67 50.00 BRN 10/1/2013 1,883.44 45.20 AYH -C2-6 Erizabeth Jane 3/1/2009 2/28/2014 514 131024 30.59 490.01 25.00 BRN 3/1/2013 1,349.55 31.51 AYH -C2-7 Keep Left 5/1/2012 4/30/2015 1,500 4,733.62 37.87 1,430.00 160.00 BRN 5/1/2013 5.064.98 40.52 BRN 5/1/2014 5.419.53 43.36 AYH -C24 The Captain School 6/12012 5/31/2015 522 1,333.33 30.65 497.64 135.00 BRN 6/1/2013 1,400.00 32.18 BRN 6/1/2014 1,470.00 33.79 AYH -C3-14 Island Time 7/12009 6/30/2014 1,367 2,605.40 22.87 1,30321 100.00 BRN 7/1/2013 2,683.56 23.56 AYH -D1-1 Moly Malone's 7/1/2010 6/30/2015 3,724 7,839.93 25.26 3,550.21 260.00 BRN 7/1/2013 7,234.43 23.31 BRN 7/1/2014 7,566.15 24.48 AYH -E1-1 Red Hook Dive 9/1/2010 8212013 1,380 4,659.44 40.52 1,315.60 75.00 AYH F1.1 La Providence. Inc 11/1/2001 10/31/2006 838 125126 17.92 798.89 135.00 AYH -F2-1 East End Cafe- The Room 11/1/2008 2/28/2015 1.670 3,552.34 25.53 1,592.07 100.00 AYH -F2-2 East End Cafe - Cater 12/1/2006 2/28/2015 1.429 3.35124 28.14 1,362.31 BAN 12/12013 3,518.81 2955 BRN 12/1/2014 3,694.75 31.03 AYH -F2-3 East End Cale - East End 30/2605 2/28/2015 2.300 4,511.20 23.54 2,192.67 235.00 BRN 3/1/2013 4,669.19 24.38 SRN 3/1/2014 4,832.61 25.21 AYH -GS-1 Big Bambooz 12/1/2008 11/3012013 800 1,500.00 2250 762.67 125.00 AYH -MdIn LAKES in Paroist (McKay) &1 02011 7/31/2014 300 892.50 35.70 286.00 50.00 BRN 8/112013 937.13 37.49 Totals: Occupied Soft: 88.66% 33 Links 42,683 107,980.83 40.691.13 3,700.00 LeasedAlnoccuPied SOF 0 Units 0 Vacant Scit: 11.34% 5 Units 5.461 TOW SOL 38 Units 48.144 107,980.83 EFTA00619886