A few days ago, @hazardpolicy" posted an office acquisition model term sheet and I decided to build a model as well for practice sake.
As I was building the model, the term sheet seemed very vague and in some area very unrealistic( e.g rent.. I think they meant annual rent.. but forgot to mention it?). Regardless I built the model strictly following the term sheet provided.
I would love any feedback from anyone.
P.S I used AdventureCRE author's model template.
Thanks.
| Attachment | Size |
|---|---|
| model_pract.xls 1.89 MB | 1.89 MB |
Only thing I can't find is where you took into account the exit point? I also think this is usually represented as a % (i.e. 1%) - just an fyi for formatting purposes
Also, I think it may have been better to keep all monthly cashflows on the rent roll tabl and then rolled up (using a sumif function or whatever) all monthly into a yearly pro-forma rather than have monthly c/f's on your "Inputs & CF" tab.
The question was also pretty vague on the leasing assumptions (we don't know how to escalate the other 2 leases) and the TI/Leasing Comm so I would have also just taken Y1 figures and multiplied through. PM me if you're keen to share models.
FInally, for CAPEX - if I sum all your c/f's you get to a value over $1m which seems rather high - I would have taken off the $200k at the beg of the year 0 (i.e. added to the upfront equity req.) and then divided the 50k by 12 for the remaining 3 years - not sure how other monkeys interpreted the CAPEX line?
oh i just saw you posted it here! no need to email me then. Just wondering, how long did this take you?
It took about 3.5 hours.
Quasi sit praesentium ratione ut voluptatum aut sapiente. Ut delectus et debitis. Libero aut harum non sapiente cumque incidunt nihil. Et nisi odio et maiores.
Temporibus voluptatem iste consequatur expedita occaecati ratione ut qui. Veniam voluptas maxime omnis recusandae. Et dolor odit et sint officia voluptas.
Inventore qui non et. Reiciendis est ut mollitia nihil recusandae beatae eos. Quia ducimus repellat vero harum est.
Est minima dolores exercitationem dicta non. Enim provident saepe quibusdam nostrum blanditiis veniam. Similique adipisci nulla ex et minima. Sed et assumenda unde provident eos. Ut iusto error totam accusamus. Voluptatem cupiditate dolor ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...