Real Estate Math
A commercial building has 25,000 sq ft of net rentable area. Base rent is $28/sq ft/year with annual NNN expenses of $8/sq ft. What is the tenant's total annual cost?
A$700,000
B$900,000✓ Correct
C$595,000
D$450,000
Explanation
Total annual cost = ($28 + $8) × 25,000 = $36 × 25,000 = $900,000. Using the values given ($28, $8), apply the appropriate formula..
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