Real Estate Math
A Colorado commercial tenant leases 4,000 sq ft at $24/sq ft/year on a gross lease (landlord pays all expenses). Operating expenses are $8/sq ft/year. What is the property's NOI attributable to this tenant?
A$32,000
B$54,000
C$64,000✓ Correct
D$96,000
Explanation
Gross revenue from tenant = 4,000 × $24 = $96,000. Operating expenses = 4,000 × $8 = $32,000.
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