# Racks Purchased 20   Monthly Association Dues $175.00  
Average Rack Length, lf 35   Rent/ft/mo $17.00  
Purchase Price/lf $2,000   Rent/month/rack $595.00  
Average Price/Rack $70,000        
      Management Fee % 8.0%  
Total Rack Price $1,400,000   Management Fee $ $47.50  
Real Estate Commission $122,000 8.0%      
Closing Costs $14,000 1.0% Vacancy Range 5.0%  
Cash Required at Closing $1,526,000   Annual Tax@mills $1,400 20
      Unit Sale Commission 8.0%  
US$ 1,526,000        
Exchange Rate 0.64        
Euros 976,640   Slip MV Apprec/Yr 10.0%  
      Holding Period, Yrs 5  
      Absorption Rate 5.0%