Schedule Of Prospective Cash Flow In Inflated Dollars for the Fiscal Year Beginning 1/1/2011 Potential Gross Revenue Base Rental Revenue $3,331,625 $3,318,220 $3,275,648 $3,270,394 $3,368,740 $3,482,312 $3,694,774 $3,898,278 $3,934,980 $4,042,861 $4,164,147 Absorption & Turnover Vacancy (142,154) (313,972) (17,050) (44,664) 0 (62,403) (396,613) (21,537) (147,336) 0 (72,343) Scheduled Base Rental Revenue 3,189,471 3,004,248 3,258,598 3,225,730 3,368,740 3,419,909 3,298,161 3,876,741 3,787,644 4,042,861 4,091,804 Expense Reimbursement Revenue 40,734 18,684 36,739 57,697 89,990 116,767 88,497 79,294 65,990 98,283 131,338 MetroPCS 36,732 37,575 38,703 39,864 41,060 42,292 43,560 44,867 46,213 47,599 49,027 Sprint 34,039 35,061 36,112 36,466 37,560 38,687 39,848 41,043 42,275 43,543 44,849 UPS 900 900 900 900 900 900 900 900 900 900 900 FedEx 0 0 0 0 0 0 0 0 0 0 0 Clearwire 33,129 34,123 35,147 36,201 36,466 37,560 38,687 39,848 41,043 42,275 43,543 Total Potential Gross Revenue 3,335,005 3,130,591 3,406,199 3,396,858 3,574,716 3,656,115 3,509,653 4,082,693 3,984,065 4,275,461 4,361,461 General Vacancy 0 0 (85,647) (58,582) (107,241) (49,153) 0 (101,590) 0 (128,264) (60,671) Effective Gross Revenue 3,335,005 3,130,591 3,320,552 3,338,276 3,467,475 3,606,962 3,509,653 3,981,103 3,984,065 4,147,197 4,300,790 Operating Expenses Cleaning (115,675) (119,145) (122,720) (126,401) (130,193) (134,099) (138,122) (142,266) (146,534) (150,930) (155,458) Repair & Maintenance (159,311) (164,090) (169,013) (174,083) (179,306) (184,685) (190,226) (195,932) (201,810) (207,865) (214,101) Utilities (254,163) (261,788) (269,642) (277,731) (286,063) (294,645) (303,484) (312,588) (321,966) (331,625) (341,574) Road Grounds Security (38,785) (39,949) (41,147) (42,381) (43,653) (44,962) (46,311) (47,701) (49,132) (50,606) (52,124) Administrative (14,731) (15,173) (15,628) (16,097) (16,580) (17,077) (17,590) (18,117) (18,661) (19,221) (19,797) Management Fee (100,050) (93,918) (99,617) (100,148) (104,024) (108,209) (105,290) (119,433) (119,522) (124,416) (129,024) Insurance (64,194) (66,120) (68,103) (70,147) (72,251) (74,418) (76,651) (78,951) (81,319) (83,759) (86,271) RE Taxes (337,449) (344,198) (351,082) (358,104) (365,266) (372,571) (380,022) (387,623) (395,375) (403,283) (411,348) RE Tax Special Assessments (7,100) (7,242) (7,387) (7,534) (7,685) (7,839) (7,996) (8,156) (8,319) (8,485) (8,655) Total Operating Expenses (1,091,458) (1,111,623) (1,144,339) (1,172,626) (1,205,021) (1,238,505) (1,265,692) (1,310,767) (1,342,638) (1,380,190) (1,418,352) Net Operating Income 2,243,547 2,018,968 2,176,213 2,165,650 2,262,454 2,368,457 2,243,961 2,670,336 2,641,427 2,767,007 2,882,438 Debt Service Interest Payments (918,352) (905,586) (892,100) (877,854) (862,803) (846,904) (830,108) (812,365) (793,621) (773,819) (752,901) Principal Payments (226,311) (239,077) (252,563) (266,809) (281,859) (297,758) (314,554) (332,298) (351,042) (370,843) (391,762) Total Debt Service (1,144,663) (1,144,663) (1,144,663) (1,144,663) (1,144,662) (1,144,662) (1,144,662) (1,144,663) (1,144,663) (1,144,662) (1,144,663) Leasing & Capital Costs Improvements (96,678) (479,131) (24,800) (63,728) 0 (83,301) (529,425) (28,750) (196,674) 0 (58,444) Leasing Commissions (74,420) (401,856) (21,182) (55,487) 0 (77,527) (492,728) (26,757) (183,041) 0 (54,393) General Capital Reserve (21,747) (22,400) (23,072) (23,764) (24,477) (25,211) (25,967) (26,746) (27,549) (28,375) (29,226) Total Leasing & Capital Costs (192,845) (903,387) (69,054) (142,979) (24,477) (186,039) (1,048,120) (82,253) (407,264) (28,375) (142,063) Cash Flow After Debt Service $906,039 ($29,082) $962,496 $878,008 $1,093,315 $1,037,756 $51,179 $1,443,420 $1,089,500 $1,593,970 $1,595,712 But Before Taxes
Schedule Of Expense Reimbursement Revenue Fiscal Year Reimbursable Operating Expenses Adjusted for Actual Occupancy Reimbursable Expenses Cleaning $115,675 $119,145 $122,720 $126,401 $130,193 $134,099 $138,122 $142,266 $146,534 $150,930 $155,458 Repair & Maintenance 159,311 164,090 169,013 174,083 179,306 184,685 190,226 195,932 201,810 207,865 214,101 Utilities 254,163 261,788 269,642 277,731 286,063 294,645 303,484 312,588 321,966 331,625 341,574 Road Grounds Security 38,785 39,949 41,147 42,381 43,653 44,962 46,311 47,701 49,132 50,606 52,124 Administrative 14,731 15,173 15,628 16,097 16,580 17,077 17,590 18,117 18,661 19,221 19,797 Management Fee 100,050 93,918 99,613 100,145 104,018 108,201 105,288 119,427 119,518 124,409 129,013 Insurance 64,194 66,120 68,103 70,147 72,251 74,418 76,651 78,951 81,319 83,759 86,271 RE Taxes 337,449 344,198 351,082 358,104 365,266 372,571 380,022 387,623 395,375 403,283 411,348 RE Tax Special Assessments 7,100 7,242 7,387 7,534 7,685 7,839 7,996 8,156 8,319 8,485 8,655 Total Reimbursable Expenses $1,091,458 $1,111,623 $1,144,335 $1,172,623 $1,205,015 $1,238,497 $1,265,690 $1,310,761 $1,342,634 $1,380,183 $1,418,341 Resulting Fiscal Year Property Expense Reimbursement Revenue Expense Reimbursements Cleaning $2,835 $692 $3,312 $6,289 $10,194 $13,454 $9,985 $9,225 $8,092 $12,090 $16,118 Repair & Maintenance 3,905 953 4,563 8,658 14,038 18,531 13,751 12,703 11,143 16,651 22,200 Utilities 6,230 1,520 7,279 13,816 22,399 29,564 21,936 20,266 17,780 26,566 35,417 Road Grounds Security 950 231 1,110 2,107 3,416 4,511 3,348 3,092 2,714 4,055 5,404 Administrative 361 88 423 799 1,298 1,714 1,273 1,173 1,032 1,538 2,054 Management Fee 2,453 546 2,689 4,983 8,145 10,858 7,611 7,742 6,599 9,965 13,378 Insurance 1,574 384 1,838 3,490 5,656 7,466 5,541 5,118 4,492 6,709 8,947 RE Taxes 21,964 13,976 15,205 17,194 24,332 30,036 24,536 19,563 13,846 20,282 27,246 RE Tax Special Assessments 462 294 320 361 512 633 516 412 292 427 574 Total Expense Reimbursement $40,734 $18,684 $36,739 $57,697 $89,990 $116,767 $88,497 $79,294 $65,990 $98,283 $131,338 Percentage of Reimbursable Expenses Collected as Expense Reimbursement Expense Reimbursements Cleaning 2.45% 0.58% 2.70% 4.98% 7.83% 10.03% 7.23% 6.48% 5.52% 8.01% 10.37% Repair & Maintenance 2.45% 0.58% 2.70% 4.97% 7.83% 10.03% 7.23% 6.48% 5.52% 8.01% 10.37% Utilities 2.45% 0.58% 2.70% 4.97% 7.83% 10.03% 7.23% 6.48% 5.52% 8.01% 10.37% Road Grounds Security 2.45% 0.58% 2.70% 4.97% 7.83% 10.03% 7.23% 6.48% 5.52% 8.01% 10.37% Administrative 2.45% 0.58% 2.71% 4.96% 7.83% 10.04% 7.24% 6.47% 5.53% 8.00% 10.38% Management Fee 2.45% 0.58% 2.70% 4.98% 7.83% 10.04% 7.23% 6.48% 5.52% 8.01% 10.37% Insurance 2.45% 0.58% 2.70% 4.98% 7.83% 10.03% 7.23% 6.48% 5.52% 8.01% 10.37% RE Taxes 6.51% 4.06% 4.33% 4.80% 6.66% 8.06% 6.46% 5.05% 3.50% 5.03% 6.62% RE Tax Special Assessments 6.51% 4.06% 4.33% 4.79% 6.66% 8.08% 6.45% 5.05% 3.51% 5.03% 6.63% Total Expense Reimbursement 3.73% 1.68% 3.21% 4.92% 7.47% 9.43% 6.99% 6.05% 4.91% 7.12% 9.26%
Presentation Rent Roll & Current Term Summary As of Jan-2011 for 86,989 Square Feet Description Area Base Rent Rent Adjustments & Categories Abatements Reimbursement Leasing Costs Upon Expiration Name Floor Rate & Amount CPI & Current Months Pcnt Description of Imprvmnts Commssns Assumption about Type & Number SqFt per Year Changes Changes Porters' Wage to to Operating Expense Rate Rate subsequent terms Lease Dates & Term Bldg Share per Month on to Miscellaneous Abate Abate Reimbursements Amount Amount for this tenant 1 GTE Mobile of Califor $122.35 Jan-2011 $126.02 - - - Full Service: - - Market @100% Office, : 100 255 $31,200 Jan-2012 $129.80 Pays no expense See assumption: Jan-1990 to Dec-2014 0.29% $10.20 Jan-2013 $133.70 reimbursement. Phone 300 Months $2,600 Jan-2014 $137.71 2 LCA Vision $34.39 Sep-2010 $35.42 - - - See method: LCA - - Vacate Office, : 110 3,113 $107,065 Vision See assumption: Sep-2001 to Aug-2011 3.58% $2.87 $2.75 120 Months $8,922 3 Merrill Lynch $43.26 Jan-2011 $44.56 - - - See method: - - Market Office, : 120 7,290 $315,365 Jan-2012 $45.89 Merrill Lynch See assumption: Jan-1992 to Dec-2013 8.38% $3.61 Jan-2013 $47.27 $2.75 264 Months $26,280 4 Baynote $31.20 Jun-2011 $32.40 - - - See method: - - Market Office, : 200 12,173 $379,798 Baynote See assumption: Jul-2009 to Jun-2012 13.99% $2.60 $2.75 36 Months $31,650 5 Suhr Risk $42.67 Feb-2011 $43.88 - - - See method: Suhr - - Market Office, : 300 12,117 $517,033 Feb-2012 $45.12 See assumption: Jul-2008 to Jan-2019 13.93% $3.56 Feb-2013 $46.39 $2.75 127 Months $43,086 Feb-2014 $47.71 Feb-2015 $49.07 Feb-2016 $50.47 Feb-2017 $51.90 Feb-2018 $53.18 6 Available $33.00 Sep-2012 $33.99 - - - See method: Base $15.00 $10.51 Market Office, : 430 3,546 $117,018 Sep-2013 $35.01 year 6.00% See assumption: Sep-2011 to Aug-2016 4.08% $2.75 Sep-2014 $36.06 $53,190 $37,276 $2.75 60 Months $9,752 Sep-2015 $37.14 7 Impetus Technologies $41.40 - - - - - See method: - - Market Office, : 450 3,192 $132,149 Impetus See assumption: May-2008 to Apr-2012 3.67% $3.45 $2.75 48 Months $11,012 8 SRA OSS, Inc. $41.40 - - - - - See method: SRA - - Market Office, : 460 2,789 $115,465 OSS See assumption: Apr-2008 to Mar-2011 3.21% $3.45 $2.75 36 Months $9,622 9 Wave Semiconductor $21.60 Oct-2010 $24.00 - - - Full Service: - - Market Office, : 470 2,647 $57,175 Pays no expense See assumption: Jan-2010 to May-2011 3.04% $1.80 reimbursement. $2.75 17 Months $4,765 10 Draper Fischer dba ep $45.48 May-2011 $47.28 - - - See method: - - Market Office, : 510 2,922 $132,893 May-2012 $49.08 eplanet See assumption: May-2008 to Apr-2013 3.36% $3.79 $2.75 60 Months $11,074 11 Cane Companies $43.20 Feb-2011 $44.40 - - - See method: Cane - - Market Office, : 530 2,132 $92,102 Companies See assumption: Nov-2008 to Jan-2012 2.45% $3.60 $2.75 39 Months $7,675 12 Freescale Semiconduct $29.76 Feb-2011 $30.60 - - - See method: - - Market Office, : 550 14,943 $444,704 Feb-2012 $31.44 Freescale See assumption: Jan-2005 to Feb-2012 17.18% $2.48 $2.75 86 Months $37,059 (continued on next page)
Presentation Rent Roll & Current Term Summary As of Jan-2011 for 86,989 Square Feet (continued from previous page) Description Area Base Rent Rent Adjustments & Categories Abatements Reimbursement Leasing Costs Upon Expiration Name Floor Rate & Amount CPI & Current Months Pcnt Description of Imprvmnts Commssns Assumption about Type & Number SqFt per Year Changes Changes Porters' Wage to to Operating Expense Rate Rate subsequent terms Lease Dates & Term Bldg Share per Month on to Miscellaneous Abate Abate Reimbursements Amount Amount for this tenant 13 Ansys $40.27 Jul-2010 $41.49 - - - See method: - - Market Office, : 650 19,870 $800,141 Jul-2011 $42.72 Ansoft See assumption: Jul-2007 to Jun-2012 22.84% $3.36 $2.75 60 Months $66,678 Total Occupied SqFt 83,443 Total Available SqFt 3,546
Phone Market Leasing Assumption Results In Inflated Dollars for the Fiscal Year Beginning 1/01/11 Renewal Probability 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Market Rent $/SqFt/Mo New: 10.50 10.82 11.14 11.70 12.63 13.26 13.66 14.07 14.49 14.93 15.38 Renewal: 10.50 10.82 11.14 11.70 12.63 13.26 13.66 14.07 14.49 14.93 15.38 Result: 10.50 10.82 11.14 11.70 12.63 13.26 13.66 14.07 14.49 14.93 15.38 Months Vacant New: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Renewal: 0 0 0 0 0 0 0 0 0 0 0 Rounded: 0 0 0 0 0 0 0 0 0 0 0 Improvements $/SqFt Leasing Commissions Percent New: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Renewal: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Result: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 New: 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Renewal: 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Result: 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Rent Abatements New: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Renewal: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Result: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Non-Weighted Items Rent Changes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Retail Rent Changes Reimbursements None None None None None None None None None None None Term Lengths in Year 10 10 10 10 10 10 10 10 10 10 10 No Term Overrides
$2.75 Market Leasing Assumption Results In Inflated Dollars for the Fiscal Year Beginning 1/01/11 Renewal Probability 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% 70.00% Market Rent $/SqFt/Mo New: 2.75 2.83 2.92 3.06 3.31 3.47 3.58 3.69 3.80 3.91 4.03 Renewal: 2.75 2.83 2.92 3.06 3.31 3.47 3.58 3.69 3.80 3.91 4.03 Result: 2.75 2.83 2.92 3.06 3.31 3.47 3.58 3.69 3.80 3.91 4.03 Months Vacant New: 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 Renewal: 0 0 0 0 0 0 0 0 0 0 0 Rounded: 2 2 2 2 2 2 2 2 2 2 2 Improvements $/SqFt Leasing Commissions Percent New: 15.00 15.45 15.91 16.39 16.88 17.39 17.91 18.45 19.00 19.57 20.16 Renewal: 5.00 5.15 5.30 5.46 5.63 5.80 5.97 6.15 6.33 6.52 6.72 Result: 8.00 8.24 8.49 8.74 9.00 9.27 9.55 9.84 10.13 10.44 10.75 New: 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Renewal: 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Result: 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% 3.90% Rent Abatements New: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Renewal: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Result: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Non-Weighted Items Rent Changes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Retail Rent Changes Reimbursements Base year Base year Base year Base year Base year Base year Base year Base year Base year Base year Base year Term Lengths in Year 5 5 5 5 5 5 5 5 5 5 5 No Term Overrides
For the Year Ending 12/31/11 Market Leasing Assumption Results In Inflated Dollars for the Fiscal Year Beginning 1/01/11 MLA Categories Phone $2.75 Renewal Probability 100.00% 70.00% Market Rent $/SqFt/Mo $/SqFt/Mo New: 10.50 2.75 Renewal: 10.50 2.75 Result: 10.50 2.75 Months Vacant New: 0.00 6.00 Renewal: 0 0 Rounded: 0 2 Improvements $/SqFt $/SqFt New: 0.00 15.00 Renewal: 0.00 5.00 Result: 0.00 8.00 Leasing Commissions Percent Percent New: 0.00% 6.00% Renewal: 0.00% 3.00% Result: 0.00% 3.90% Rent Abatements New: 0.00 0.00 Renewal: 0.00 0.00 Result: 0.00 0.00 Non-Weighted Items Rent Changes Yes Yes Retail Rent Changes Reimbursements None Base year Term Lengths 10 5 Years Years Term Overrides No No
Supporting Schedule -- Detailed Lease Expiration Schedule (First Term Only) Market Base Rent Expiration Percent of No. Leasing /SqFt/Yr Date Square Feet Total 8 SRA OSS, Inc. 460 $2.75 29.60 3/11 2,789 3.2 9 Wave Semiconductor 470 $2.75 23.75 5/11 2,647 3.0 2 LCA Vision 110 $2.75 23.62 8/11 3,113 3.6 =========== =========== Total for Year Ending Dec- 8,549 9.8% 11 Cane Companies 530 $2.75 29.19 1/12 2,132 2.5 12 Freescale Semiconduct 550 $2.75 27.83 2/12 14,943 17.2 7 Impetus Technologies 450 $2.75 30.80 4/12 3,192 3.7 4 Baynote 200 $2.75 27.53 6/12 12,173 14.0 13 Ansys 650 $2.75 32.69 6/12 19,870 22.8 =========== =========== Total for Year Ending Dec- 52,310 60.1% 10 Draper Fischer dba ep 510 $2.75 33.86 4/13 2,922 3.4 3 Merrill Lynch 120 $2.75 47.27 12/13 7,290 8.4 =========== =========== Total for Year Ending Dec- 10,212 11.7% 1 GTE Mobile of Califor 100 Phone 137.71 12/14 255 0.3 =========== =========== Total for Year Ending Dec- 255 0.3% 6 Available 430 $2.75 31.71 8/16 3,546 4.1 =========== =========== Total for Year Ending Dec- 3,546 4.1% 5 Suhr Risk 300 $2.75 38.60 1/19 12,117 13.9 =========== =========== Total for Year Ending Dec- 12,117 13.9% Building Total 86,989 100.0%
Supporting Schedule -- Square Feet Expiring -- (All Terms) SRA OSS, Inc. 460 2,789 0 0 0 0 2,789 0 0 0 0 2,789 Wave Semiconductor 470 2,647 0 0 0 0 2,647 0 0 0 0 2,647 LCA Vision 110 3,113 0 0 0 0 0 3,113 0 0 0 0 Cane Companies 530 0 2,132 0 0 0 0 2,132 0 0 0 0 Freescale Semiconductor 550 0 14,943 0 0 0 0 14,943 0 0 0 0 Impetus Technologies 450 0 3,192 0 0 0 0 3,192 0 0 0 0 Baynote 200 0 12,173 0 0 0 0 12,173 0 0 0 0 Ansys 650 0 19,870 0 0 0 0 19,870 0 0 0 0 Draper Fischer dba epla 510 0 0 2,922 0 0 0 0 2,922 0 0 0 Merrill Lynch 120 0 0 7,290 0 0 0 0 0 7,290 0 0 GTE Mobile of Californi 100 0 0 0 255 0 0 0 0 0 0 0 Available 430 0 0 0 0 0 3,546 0 0 0 0 3,546 Suhr Risk 300 0 0 0 0 0 0 0 0 12,117 0 0 Total SqFt Expiring 8,549 52,310 10,212 255 0 8,982 55,423 2,922 19,407 0 8,982 Percent Of Total Expiring 9.8% 60.1% 11.7% 0.3% 0.0% 10.3% 63.7% 3.4% 22.3% 0.0% 10.3%
Supporting Schedule - Occupancy & Absorption Rates Physical Occupancy Based on Absorption & Turnover Vacancy Assumptions SqFt Occupied January 83,443 83,876 86,989 79,699 86,989 86,989 86,989 86,989 86,989 86,989 86,989 February 83,443 81,744 86,989 79,699 86,989 86,989 86,989 86,989 74,872 86,989 86,989 March 83,443 69,914 86,989 86,989 86,989 86,989 83,876 86,989 67,582 86,989 86,989 April 80,654 72,046 86,989 86,989 86,989 86,989 81,744 86,989 79,699 86,989 86,989 May 80,654 83,797 84,067 86,989 86,989 86,989 69,914 86,989 86,989 86,989 86,989 June 80,796 83,797 84,067 86,989 86,989 84,200 72,046 86,989 86,989 86,989 86,989 July 80,796 54,946 86,989 86,989 86,989 84,200 83,797 84,067 86,989 86,989 86,989 August 83,443 54,946 86,989 86,989 86,989 84,342 83,797 84,067 86,989 86,989 84,200 September 83,876 86,989 86,989 86,989 86,989 80,796 54,946 86,989 86,989 86,989 84,200 October 83,876 86,989 86,989 86,989 86,989 83,443 54,946 86,989 86,989 86,989 84,342 November 83,876 86,989 86,989 86,989 86,989 86,989 86,989 86,989 86,989 86,989 80,796 December 83,876 86,989 86,989 86,989 86,989 86,989 86,989 86,989 86,989 86,989 83,443 Average Occupied For The Year 82,681 77,752 86,502 85,774 86,989 85,492 77,752 86,502 83,755 86,989 85,492 Net Absorption Annual Square Feet Absorbed 433 3,113 0 0 0 0 0 0 0 0 (3,546) Average Monthly Absorption 36 259 0 0 0 0 0 0 0 0 (296) Percentage Occupancy January 95.92% 96.42% 100.00% 91.62% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% February 95.92% 93.97% 100.00% 91.62% 100.00% 100.00% 100.00% 100.00% 86.07% 100.00% 100.00% March 95.92% 80.37% 100.00% 100.00% 100.00% 100.00% 96.42% 100.00% 77.69% 100.00% 100.00% April 92.72% 82.82% 100.00% 100.00% 100.00% 100.00% 93.97% 100.00% 91.62% 100.00% 100.00% May 92.72% 96.33% 96.64% 100.00% 100.00% 100.00% 80.37% 100.00% 100.00% 100.00% 100.00% June 92.88% 96.33% 96.64% 100.00% 100.00% 96.79% 82.82% 100.00% 100.00% 100.00% 100.00% July 92.88% 63.16% 100.00% 100.00% 100.00% 96.79% 96.33% 96.64% 100.00% 100.00% 100.00% August 95.92% 63.16% 100.00% 100.00% 100.00% 96.96% 96.33% 96.64% 100.00% 100.00% 96.79% September 96.42% 100.00% 100.00% 100.00% 100.00% 92.88% 63.16% 100.00% 100.00% 100.00% 96.79% October 96.42% 100.00% 100.00% 100.00% 100.00% 95.92% 63.16% 100.00% 100.00% 100.00% 96.96% November 96.42% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 92.88% December 96.42% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 95.92% Average Occupancy For The Year 95.05% 89.38% 99.44% 98.60% 100.00% 98.28% 89.38% 99.44% 96.28% 100.00% 98.28% Net Absorption Annual Percentage Absorbed 0.50% 3.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% (4.08%) Average Monthly Percentage 0.04% 0.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% (0.34%)
Supporting Schedule -- Average Square Feet Occupancy GTE Mobile of Californi 100 255 255 255 255 255 255 255 255 255 255 255 LCA Vision 110 2,075 2,594 3,113 3,113 3,113 3,113 2,594 3,113 3,113 3,113 3,113 Merrill Lynch 120 7,290 7,290 7,290 6,075 7,290 7,290 7,290 7,290 6,075 7,290 7,290 Baynote 200 12,173 10,144 12,173 12,173 12,173 12,173 10,144 12,173 12,173 12,173 12,173 Suhr Risk 300 12,117 12,117 12,117 12,117 12,117 12,117 12,117 12,117 10,098 12,117 12,117 Available 430 1,182 3,546 3,546 3,546 3,546 2,955 3,546 3,546 3,546 3,546 2,955 Impetus Technologies 450 3,192 2,660 3,192 3,192 3,192 3,192 2,660 3,192 3,192 3,192 3,192 SRA OSS, Inc. 460 2,324 2,789 2,789 2,789 2,789 2,324 2,789 2,789 2,789 2,789 2,324 Wave Semiconductor 470 2,206 2,647 2,647 2,647 2,647 2,206 2,647 2,647 2,647 2,647 2,206 Draper Fischer dba epla 510 2,922 2,922 2,435 2,922 2,922 2,922 2,922 2,435 2,922 2,922 2,922 Cane Companies 530 2,132 1,777 2,132 2,132 2,132 2,132 1,777 2,132 2,132 2,132 2,132 Freescale Semiconductor 550 14,943 12,453 14,943 14,943 14,943 14,943 12,453 14,943 14,943 14,943 14,943 Ansys 650 19,870 16,558 19,870 19,870 19,870 19,870 16,558 19,870 19,870 19,870 19,870 Total Amount Per Year 82,681 77,752 86,502 85,774 86,989 85,492 77,752 86,502 83,755 86,989 85,492 Average Percent Occupancy 95.05% 89.38% 99.44% 98.60% 100.00% 98.28% 89.38% 99.44% 96.28% 100.00% 98.28%
Supporting Schedule -- Scheduled Base Rental Revenue GTE Mobile of Californi 100 32,136 33,100 34,093 35,116 38,654 39,814 41,008 42,239 43,506 44,811 46,155 LCA Vision 110 73,518 88,176 108,456 111,710 115,061 118,513 108,956 136,335 140,425 144,638 148,977 Merrill Lynch 120 324,826 334,571 344,608 223,318 274,681 282,922 291,409 300,152 271,649 338,712 348,873 Baynote 200 388,319 335,123 417,898 430,435 443,348 456,648 397,572 525,281 541,039 557,271 573,989 Suhr Risk 300 530,418 545,422 560,876 576,793 593,188 610,075 627,469 643,112 467,661 564,366 581,297 Available 430 39,006 118,188 121,734 125,386 129,147 112,440 148,558 153,015 157,605 162,333 138,643 Impetus Technologies 450 132,149 98,298 110,124 113,427 116,830 120,335 106,741 138,424 142,577 146,854 151,260 SRA OSS, Inc. 460 82,554 93,648 96,457 99,351 102,331 91,605 117,716 121,247 124,885 128,631 110,027 Wave Semiconductor 470 62,866 88,443 91,096 93,829 96,644 84,936 111,171 114,506 117,941 121,479 103,804 Draper Fischer dba epla 510 136,399 141,659 98,953 103,833 106,948 110,156 113,461 100,644 130,517 134,432 138,465 Cane Companies 530 94,448 62,238 74,097 76,320 78,610 80,968 73,789 93,143 95,937 98,815 101,780 Freescale Semiconductor 550 456,210 415,864 518,071 533,613 549,621 566,110 511,354 651,226 670,763 690,886 711,612 Ansys 650 836,622 649,518 682,135 702,599 723,677 745,387 648,957 857,417 883,139 909,633 936,922 Total Amount Per Year 3,189,471 3,004,248 3,258,598 3,225,730 3,368,740 3,419,909 3,298,161 3,876,741 3,787,644 4,042,861 4,091,804 Weighted Average Per SqFt 36.67 34.54 37.46 37.08 38.73 39.31 37.91 44.57 43.54 46.48 47.04
Supporting Schedule -- Absorption & Turnover Vacancy GTE Mobile of Californi 100 0 0 0 0 0 0 0 0 0 0 0 LCA Vision 110 34,243 17,635 0 0 0 0 22,277 0 0 0 0 Merrill Lynch 120 0 0 0 44,664 0 0 0 0 55,345 0 0 Baynote 200 0 68,960 0 0 0 0 87,111 0 0 0 0 Suhr Risk 300 0 0 0 0 0 0 0 0 91,991 0 0 Available 430 78,012 0 0 0 0 24,636 0 0 0 0 28,560 Impetus Technologies 450 0 18,083 0 0 0 0 22,842 0 0 0 0 SRA OSS, Inc. 460 15,340 0 0 0 0 19,377 0 0 0 0 22,463 Wave Semiconductor 470 14,559 0 0 0 0 18,390 0 0 0 0 21,320 Draper Fischer dba epla 510 0 0 17,050 0 0 0 0 21,537 0 0 0 Cane Companies 530 0 12,078 0 0 0 0 15,257 0 0 0 0 Freescale Semiconductor 550 0 84,652 0 0 0 0 106,934 0 0 0 0 Ansys 650 0 112,564 0 0 0 0 142,192 0 0 0 0 Total Amount Per Year 142,154 313,972 17,050 44,664 0 62,403 396,613 21,537 147,336 0 72,343 Weighted Average Per SqFt 1.63 3.61 0.20 0.51 0.00 0.72 4.56 0.25 1.69 0.00 0.83
Supporting Schedule -- Expense Reimbursement Revenue GTE Mobile of Californi 100 0 0 0 0 0 0 0 0 0 0 0 LCA Vision 110 3,466 0 1,171 2,182 3,341 4,541 918 1,613 2,754 4,097 5,462 Merrill Lynch 120 2,981 3,539 4,425 0 2,715 5,520 7,800 11,576 2,376 3,147 6,345 Baynote 200 5,149 3,057 4,576 8,537 13,068 17,755 14,373 6,307 10,767 16,021 21,361 Suhr Risk 300 3,152 4,113 5,563 9,504 14,014 18,680 22,469 28,745 2,765 5,229 10,545 Available 430 0 822 2,157 3,310 4,628 3,994 1,109 2,947 4,245 5,775 6,110 Impetus Technologies 450 830 361 1,200 2,237 3,427 4,655 2,826 1,654 2,824 4,202 5,601 SRA OSS, Inc. 460 182 647 1,695 2,602 3,640 1,965 872 2,317 3,340 4,542 3,363 Wave Semiconductor 470 0 612 1,610 2,469 3,455 2,609 827 2,198 3,170 4,312 4,104 Draper Fischer dba epla 510 761 991 447 950 2,038 3,162 4,075 2,795 1,070 2,333 3,614 Cane Companies 530 926 91 803 1,495 2,289 3,110 944 1,104 1,886 2,806 3,742 Freescale Semiconductor 550 23,287 4,451 5,620 10,478 16,043 21,796 8,822 7,743 13,218 19,667 26,222 Ansys 650 0 0 7,472 13,933 21,332 28,980 23,462 10,295 17,575 26,152 34,869 Total Amount Per Year 40,734 18,684 36,739 57,697 89,990 116,767 88,497 79,294 65,990 98,283 131,338 Weighted Average Per SqFt 0.47 0.21 0.42 0.66 1.03 1.34 1.02 0.91 0.76 1.13 1.51
Supporting Schedule -- Improvements GTE Mobile of Californi 100 0 0 0 0 0 0 0 0 0 0 0 LCA Vision 110 0 48,096 0 0 0 0 29,737 0 0 0 0 Merrill Lynch 120 0 0 0 63,728 0 0 0 0 73,878 0 0 Baynote 200 0 100,306 0 0 0 0 116,282 0 0 0 0 Suhr Risk 300 0 0 0 0 0 0 0 0 122,796 0 0 Available 430 53,190 0 0 0 0 32,886 0 0 0 0 0 Impetus Technologies 450 0 26,302 0 0 0 0 30,491 0 0 0 0 SRA OSS, Inc. 460 22,312 0 0 0 0 25,866 0 0 0 0 29,985 Wave Semiconductor 470 21,176 0 0 0 0 24,549 0 0 0 0 28,459 Draper Fischer dba epla 510 0 0 24,800 0 0 0 0 28,750 0 0 0 Cane Companies 530 0 17,568 0 0 0 0 20,366 0 0 0 0 Freescale Semiconductor 550 0 123,130 0 0 0 0 142,742 0 0 0 0 Ansys 650 0 163,729 0 0 0 0 189,807 0 0 0 0 Total Amount Per Year 96,678 479,131 24,800 63,728 0 83,301 529,425 28,750 196,674 0 58,444 Weighted Average Per SqFt 1.11 5.51 0.29 0.73 0.00 0.96 6.09 0.33 2.26 0.00 0.67
Supporting Schedule -- Leasing Commissions GTE Mobile of Californi 100 0 0 0 0 0 0 0 0 0 0 0 LCA Vision 110 0 33,706 0 0 0 0 27,676 0 0 0 0 Merrill Lynch 120 0 0 0 55,487 0 0 0 0 68,757 0 0 Baynote 200 0 85,672 0 0 0 0 108,222 0 0 0 0 Suhr Risk 300 0 0 0 0 0 0 0 0 114,284 0 0 Available 430 37,276 0 0 0 0 30,607 0 0 0 0 0 Impetus Technologies 450 0 22,465 0 0 0 0 28,378 0 0 0 0 SRA OSS, Inc. 460 19,057 0 0 0 0 24,073 0 0 0 0 27,907 Wave Semiconductor 470 18,087 0 0 0 0 22,847 0 0 0 0 26,486 Draper Fischer dba epla 510 0 0 21,182 0 0 0 0 26,757 0 0 0 Cane Companies 530 0 15,005 0 0 0 0 18,954 0 0 0 0 Freescale Semiconductor 550 0 105,166 0 0 0 0 132,848 0 0 0 0 Ansys 650 0 139,842 0 0 0 0 176,650 0 0 0 0 Total Amount Per Year 74,420 401,856 21,182 55,487 0 77,527 492,728 26,757 183,041 0 54,393 Weighted Average Per SqFt 0.86 4.62 0.24 0.64 0.00 0.89 5.66 0.31 2.10 0.00 0.63
Supporting Schedule -- Prevailing Market Rate per SqFt GTE Mobile of Californi 100 126.00 129.78 133.67 140.36 151.59 159.16 163.94 168.86 173.92 179.14 184.52 LCA Vision 110 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Merrill Lynch 120 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Baynote 200 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Suhr Risk 300 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Available 430 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Impetus Technologies 450 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 SRA OSS, Inc. 460 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Wave Semiconductor 470 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Draper Fischer dba epla 510 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Cane Companies 530 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Freescale Semiconductor 550 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Ansys 650 33.00 33.99 35.01 36.76 39.70 41.69 42.94 44.22 45.55 46.92 48.33 Weighted Average Per SqFt 33.27 34.27 35.30 37.06 40.03 42.03 43.29 44.59 45.93 47.31 48.72
Supporting Schedule -- Scheduled Base Rental Revenue Reported in Dollars per Square Feet GTE Mobile of Californi 100 126.02 129.80 133.70 137.71 151.58 156.13 160.82 165.64 170.61 175.73 181.00 LCA Vision 110 23.62 28.33 34.84 35.88 36.96 38.07 35.00 43.80 45.11 46.46 47.86 Merrill Lynch 120 44.56 45.89 47.27 30.63 37.68 38.81 39.97 41.17 37.26 46.46 47.86 Baynote 200 31.90 27.53 34.33 35.36 36.42 37.51 32.66 43.15 44.45 45.78 47.15 Suhr Risk 300 43.77 45.01 46.29 47.60 48.96 50.35 51.78 53.08 38.60 46.58 47.97 Available 430 11.00 33.33 34.33 35.36 36.42 31.71 41.89 43.15 44.45 45.78 39.10 Impetus Technologies 450 41.40 30.80 34.50 35.53 36.60 37.70 33.44 43.37 44.67 46.01 47.39 SRA OSS, Inc. 460 29.60 33.58 34.58 35.62 36.69 32.85 42.21 43.47 44.78 46.12 39.45 Wave Semiconductor 470 23.75 33.41 34.41 35.45 36.51 32.09 42.00 43.26 44.56 45.89 39.22 Draper Fischer dba epla 510 46.68 48.48 33.86 35.53 36.60 37.70 38.83 34.44 44.67 46.01 47.39 Cane Companies 530 44.30 29.19 34.75 35.80 36.87 37.98 34.61 43.69 45.00 46.35 47.74 Freescale Semiconductor 550 30.53 27.83 34.67 35.71 36.78 37.88 34.22 43.58 44.89 46.23 47.62 Ansys 650 42.10 32.69 34.33 35.36 36.42 37.51 32.66 43.15 44.45 45.78 47.15 Weighted Average Per SqFt 36.67 34.54 37.46 37.08 38.73 39.31 37.91 44.57 43.54 46.48 47.04
Supporting Schedule -- Absorption & Turnover Vacancy Reported in Dollars per Square Feet GTE Mobile of Californi 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LCA Vision 110 11.00 5.66 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 Merrill Lynch 120 0.00 0.00 0.00 6.13 0.00 0.00 0.00 0.00 7.59 0.00 0.00 Baynote 200 0.00 5.66 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 Suhr Risk 300 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.59 0.00 0.00 Available 430 22.00 0.00 0.00 0.00 0.00 6.95 0.00 0.00 0.00 0.00 8.05 Impetus Technologies 450 0.00 5.67 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 SRA OSS, Inc. 460 5.50 0.00 0.00 0.00 0.00 6.95 0.00 0.00 0.00 0.00 8.05 Wave Semiconductor 470 5.50 0.00 0.00 0.00 0.00 6.95 0.00 0.00 0.00 0.00 8.05 Draper Fischer dba epla 510 0.00 0.00 5.84 0.00 0.00 0.00 0.00 7.37 0.00 0.00 0.00 Cane Companies 530 0.00 5.67 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 Freescale Semiconductor 550 0.00 5.66 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 Ansys 650 0.00 5.67 0.00 0.00 0.00 0.00 7.16 0.00 0.00 0.00 0.00 Weighted Average Per SqFt 1.63 3.61 0.20 0.51 0.00 0.72 4.56 0.25 1.69 0.00 0.83
Supporting Schedule -- Expense Reimbursement Revenue Reported in Dollars per Square Feet GTE Mobile of Californi 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LCA Vision 110 1.11 0.00 0.38 0.70 1.07 1.46 0.29 0.52 0.88 1.32 1.75 Merrill Lynch 120 0.41 0.49 0.61 0.00 0.37 0.76 1.07 1.59 0.33 0.43 0.87 Baynote 200 0.42 0.25 0.38 0.70 1.07 1.46 1.18 0.52 0.88 1.32 1.75 Suhr Risk 300 0.26 0.34 0.46 0.78 1.16 1.54 1.85 2.37 0.23 0.43 0.87 Available 430 0.00 0.23 0.61 0.93 1.31 1.13 0.31 0.83 1.20 1.63 1.72 Impetus Technologies 450 0.26 0.11 0.38 0.70 1.07 1.46 0.89 0.52 0.88 1.32 1.75 SRA OSS, Inc. 460 0.07 0.23 0.61 0.93 1.31 0.70 0.31 0.83 1.20 1.63 1.21 Wave Semiconductor 470 0.00 0.23 0.61 0.93 1.31 0.99 0.31 0.83 1.20 1.63 1.55 Draper Fischer dba epla 510 0.26 0.34 0.15 0.33 0.70 1.08 1.39 0.96 0.37 0.80 1.24 Cane Companies 530 0.43 0.04 0.38 0.70 1.07 1.46 0.44 0.52 0.88 1.32 1.76 Freescale Semiconductor 550 1.56 0.30 0.38 0.70 1.07 1.46 0.59 0.52 0.88 1.32 1.75 Ansys 650 0.00 0.00 0.38 0.70 1.07 1.46 1.18 0.52 0.88 1.32 1.75 Weighted Average Per SqFt 0.47 0.21 0.42 0.66 1.03 1.34 1.02 0.91 0.76 1.13 1.51
Supporting Schedule -- Improvements Reported in Dollars per Square Feet GTE Mobile of Californi 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LCA Vision 110 0.00 15.45 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 Merrill Lynch 120 0.00 0.00 0.00 8.74 0.00 0.00 0.00 0.00 10.13 0.00 0.00 Baynote 200 0.00 8.24 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 Suhr Risk 300 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.13 0.00 0.00 Available 430 15.00 0.00 0.00 0.00 0.00 9.27 0.00 0.00 0.00 0.00 0.00 Impetus Technologies 450 0.00 8.24 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 SRA OSS, Inc. 460 8.00 0.00 0.00 0.00 0.00 9.27 0.00 0.00 0.00 0.00 10.75 Wave Semiconductor 470 8.00 0.00 0.00 0.00 0.00 9.27 0.00 0.00 0.00 0.00 10.75 Draper Fischer dba epla 510 0.00 0.00 8.49 0.00 0.00 0.00 0.00 9.84 0.00 0.00 0.00 Cane Companies 530 0.00 8.24 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 Freescale Semiconductor 550 0.00 8.24 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 Ansys 650 0.00 8.24 0.00 0.00 0.00 0.00 9.55 0.00 0.00 0.00 0.00 Weighted Average Per SqFt 1.11 5.51 0.29 0.73 0.00 0.96 6.09 0.33 2.26 0.00 0.67
Supporting Schedule -- Leasing Commissions Reported in Dollars per Square Feet GTE Mobile of Californi 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LCA Vision 110 0.00 10.83 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 Merrill Lynch 120 0.00 0.00 0.00 7.61 0.00 0.00 0.00 0.00 9.43 0.00 0.00 Baynote 200 0.00 7.04 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 Suhr Risk 300 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.43 0.00 0.00 Available 430 10.51 0.00 0.00 0.00 0.00 8.63 0.00 0.00 0.00 0.00 0.00 Impetus Technologies 450 0.00 7.04 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 SRA OSS, Inc. 460 6.83 0.00 0.00 0.00 0.00 8.63 0.00 0.00 0.00 0.00 10.01 Wave Semiconductor 470 6.83 0.00 0.00 0.00 0.00 8.63 0.00 0.00 0.00 0.00 10.01 Draper Fischer dba epla 510 0.00 0.00 7.25 0.00 0.00 0.00 0.00 9.16 0.00 0.00 0.00 Cane Companies 530 0.00 7.04 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 Freescale Semiconductor 550 0.00 7.04 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 Ansys 650 0.00 7.04 0.00 0.00 0.00 0.00 8.89 0.00 0.00 0.00 0.00 Weighted Average Per SqFt 0.86 4.62 0.24 0.64 0.00 0.89 5.66 0.31 2.10 0.00 0.63