Real Estate Math
A Delaware commercial tenant leases 4,500 square feet at $22/sq ft/year NNN. Monthly base rent is:
A$8,250✓ Correct
B$7,500
C$9,900
D$6,600
Explanation
Annual rent = 4,500 × $22 = $99,000. Monthly rent = $99,000 ÷ 12 = $8,250.
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