| CENTRE D'AFFAIRES DES GALERIES cdg |
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PRICE
AN OPPORTUNITY TO OWN FIRST CLASS OFFICE SPACE AT A COST
COMPARABLE TO OR BELOW THAT OF LEASING.
OFFICE SPACE RENTAL RATES ON SITE AVERAGE $10.10
PER SQUARE FOOT PER YEAR BEFORE ANY EXPENSES.
OUT OF POCKET EXPENSES OF LEASED SPACE AND OWNED SPACE
DIFFER SLIGHTLY. DEPRECIATION, FISCAL CONSIDERATIONS, RESERVE FUND FOR
LONG TERM RENEWAL(5% of total annual expenses) EXCLUDED.
LEASED SPACE WOULD HAVE 92% TO 95% OF THE OUT OF POCKET
EXPENSES OF OWNED SPACE AS A RESULT.
AT A $10.10 RENTAL RATE A 430.9 SQUARE FOOT MODULE WOULD
HAVE A MONTHLY RENT OF $362.67 BEFORE ANY EXPENSES.
PRINCIPAL AND INTEREST MONTHLY PAYMENTS IN CANADA ON
A FINANCING OF $40,000. AT 6%;
Amortized over 25 yrs. : $255.92 OR $ 6.29 PER SQ. FT. PER YR.
20 yrs. : $284.88 OR $ 7.93 PER SQ. FT. PER YR.
15 yrs. : $335.95 OR $9.35 PER SQ. FT. PER YR.
THE SALE PRICE PER SQUARE FOOT OF ANY MODULE DOES NOT
EXCEED THE AVERAGE MUNICIPAL APPRAISAL FOR TAXES OF THE
EXISTING OFFICE SPACE ALL CATEGORIES COMBINED.
AN OPPORTUNITY TO OWN FIRST CLASS OFFICE SPACE AT A COST
COMPARABLE TO OR BELOW THAT OF LEASING.
OFFICE SPACE RENTAL RATES ON SITE AVERAGE $10.10
PER SQUARE FOOT PER YEAR BEFORE ANY EXPENSES.
OUT OF POCKET EXPENSES OF LEASED SPACE AND OWNED SPACE
DIFFER SLIGHTLY. DEPRECIATION, FISCAL CONSIDERATIONS, RESERVE FUND FOR
LONG TERM RENEWAL(5% of total annual expenses) EXCLUDED.
LEASED SPACE WOULD HAVE 92% TO 95% OF THE OUT OF POCKET
EXPENSES OF OWNED SPACE AS A RESULT.
AT A $10.10 RENTAL RATE A 430.9 SQUARE FOOT MODULE WOULD
HAVE A MONTHLY RENT OF $362.67 BEFORE ANY EXPENSES.
PRINCIPAL AND INTEREST MONTHLY PAYMENTS IN CANADA ON
A FINANCING OF $40,000. AT 6%;
Amortized over 25 yrs. : $255.92 OR $ 6.29 PER SQ. FT. PER YR.
20 yrs. : $284.88 OR $ 7.93 PER SQ. FT. PER YR.
15 yrs. : $335.95 OR $9.35 PER SQ. FT. PER YR.
THE SALE PRICE PER SQUARE FOOT OF ANY MODULE DOES NOT
EXCEED THE AVERAGE MUNICIPAL APPRAISAL FOR TAXES OF THE
EXISTING OFFICE SPACE ALL CATEGORIES COMBINED.