Real Estate Math
A Colorado warehouse leases for $12.50 per square foot per year on a net lease basis. The warehouse is 8,000 square feet. What is the monthly rent?
A$6,667
B$7,500
C$8,333✓ Correct
D$100,000
Explanation
Annual rent = 8,000 sq ft × $12.50 = $100,000.
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