Real Estate Math
A building has 10,000 sq ft of leasable space renting for $18/sq ft/year (NNN). Annual operating expenses paid by tenants are $4/sq ft. What is the landlord's annual gross rent?
A$140,000
B$180,000✓ Correct
C$220,000
D$40,000
Explanation
Gross rent = 10,000 × $18 = $180,000. In NNN, tenants pay operating expenses separately, so landlord receives the full base rent of $180,000.
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