Real Estate Math
A commercial property leases 10,000 sq ft at $18 per sq ft per year. What is the annual base rent?
A$180,000✓ Correct
B$18,000
C$1,800
D$200,000
Explanation
Annual rent = 10,000 sq ft × $18 = $180,000. Using the values given ($18), apply the appropriate formula.. The correct answer is $180,000.. This is a common calculation on the Alabama real estate exam.
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