Capital Expenditures for Shopping Mall
I needed to research capital expenditures for shopping malls, I was wondering if anyone had access to a proforma or some way for me to understand the capital expenditures for a shopping mall. Thanks!
[{"id": "cc72kv7", "text": "? You have to be more specific as to what you're looking for...", "replies": [{"id": "cc777r6", "text": "Basically trying to understand what the annual capital expenses ie building improvements, facade changes. would cost and what else would be included on the capital expenses side. I hope that makes sense. I would be looking for this information on a property basis. So the best information would be current property owners or property managers.", "replies": [{"id": "cc7kl75", "text": "CapEx is so property specific and it isn't annual.  It also has a lot to do with size.  Most larger retail properties will have a replacement reserve of $0.10 to $0.25 per square foot annually.  What are you using the information for? A little context would help a lot.", "replies": [], "depth": 3}, {"id": "ccb4y6a", "text": "Sounds like you're looking for an engineering study on a specific property. \n\nOtherwise, like b6passat said, its $/sf, sometimes a % of gross revenue, but that is just for ballpark estimating.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cc781bc", "text": "This is a tough question to answer because most capital expenditures/improvements do not recur on an annual basis.  \n\nThe shopping centers my company deals with have capital improvement items like repaving a parking lot or replacing a roof but these things don't happen every year.  That's why many proformas tend to have a capital reserve to smooth out the numbers.", "replies": [{"id": "cc7oxw1", "text": "That really helps clarify it, so what items would go under capital reserve for capital expenditures? As in what would be the capital expenditures for some big shopping complex", "replies": [{"id": "cc7pdaw", "text": "The capital reserve is as how /u/b6passat explains above.  There are no \"items\" under it.  It's a monetary reserve that you deposit into and draw from when you have to pay for capital expenditures.\n\nI think I get what you're asking, but again it's a very difficult question to answer because a lot of capital improvements depend on the type of property you have and many of the projects could be subjective depending on what the owner does.  Roof replacement may be one that's applicable to all, but if you have a parking garage versus surface parking your parking upkeep costs will vary.  Some owners elect to replace things like lighting or to add items like signage but this may also vary if you have an enclosed shopping mall versus one that is open air.\n\nThese are just some examples but it is by no means a comprehensive list.  I know you're looking for an exact answer in terms of the \"what\" and the \"how much\" but I don't think anyone can really give that to you without knowing more about a specific property.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cc7bo85", "text": "check out ULI's Dollars and Cents of Shopping Centers or ICSC research papers, etc. ", "replies": [{"id": "cc7owf9", "text": "I was thinking the same but I heard it is pretty expensive", "replies": [{"id": "cc7pk5l", "text": "Even if you had it, you can't answer your question with it.  I have a copy of it, and could help you, but what you're asking isn't something anyone would know.  It's property specific.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]