Real Estate Math
A commercial lease is written as NNN at $15/sq ft for 5,000 sq ft. What is the annual base rent?
A$75,000✓ Correct
B$90,000
C$60,000
D$100,000
Explanation
Annual base rent = $15/sq ft × 5,000 sq ft = $75,000. Using the values given ($15), apply the appropriate formula..
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