Underwriting Model
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WESTCOREUnderwriting Model
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Deal info

Deal Name
Property Type
Stage
Marketing Status
Deal Lead
Analyst

Property details

Address
City, State
Market
Submarket
Year Built
Acreage
Office SF / %
Zoning
Brokerage
Buildings
WALT
Clear Height
Bldg. Dimensions
Truck Court Depth
Doors
Column Spacing
Sprinklers
Power
Roof / Warranty
Brokers
Tenants / Suites
Seller

Deal notes

Return assumptions

Tenant information (up to 10)

TenantSuite SFStartExpiryRent/SFBump%MLA profile
Leased SF: Bldg SF: Occupancy: Wtd avg rent: Est. EGR:

Market leasing assumptions

Define re-leasing terms for each space type. Assign profiles to tenants on the Tenant Info tab.

0 of 10 profiles

Operating expenses

EGR:
Line item$/SF/yrRecoveredCap %/yrYear 1 total
CAM
Utilities
Property tax
Insurance
Prop. management
% of EGR
Admin
Total OpEx
Vacancy / credit loss
of PGR
Est. Year 1 NOI

Roof

Roof / Warranty

Warranty expiry year

Building Vintage

Year Built
Building Age

Renovation year

CapEx Notes

Roof
Asphalt
Paint
MLR
HVAC
Other / Misc

Capital reserves

Annual reserve applied every year of the hold period.

Capital reserve
$/SF/yr · applied annually
$/SF/yr
Annual total

Capital expenditures

One-time items scheduled in a specific year.

DescriptionInput typeAmountYearTotal $
No capital expenditures added.

Monthly Cash Flow

Run the model first to view monthly cash flow.
Fill in all sections then click "Run Model" to generate the analysis.

Going-in cap rate

Year 1 NOI ÷ purchase price

Untrended cap rate

Weighted avg MLA mkt rent × tenant SF ÷ all-in basis

Stabilized cap rate

Exit cap rate

User assumption

10-Year Cash Flow

Disposition: Year

Sensitivity settings

Row axis  (± bps from base)
Col axis  (± % from base)

Lease Summary

Rent Roll

TenantSuite SFLease StartLease ExpiryRent/SFAnnual RentBump %/yrWALT (yrs)MLA Profile

Lease Event Schedule

TenantSFExpiryRenewal Prob %Exp. Downtime (mo)Blended TI/SFBlended TI TotalBlended LC TotalTotal Re-leasing CostProj. Rent/SF

Deal History

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