Real Estate Math
A 20,000 square-foot commercial building rents for $18.50 per square foot annually (NNN). What is the annual base rent?
AA. $370,000✓ Correct
BB. $37,000
CC. $185,000
DD. $3,700,000
Explanation
Annual base rent = 20,000 sq ft × $18.50/sq ft = $370,000. Using the values given ($18.50), apply the appropriate formula.. The correct answer is A. $370,000.. This is a common calculation on the Colorado real estate exam.
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