Real Estate Math
A commercial space is leased at $22 per square foot per year (NNN). The tenant's share is 3,500 square feet. What is the tenant's monthly base rent?
A$5,083
B$6,417✓ Correct
C$7,700
D$7,942
Explanation
Annual rent = 3,500 sq ft × $22 = $77,000. Monthly rent = $77,000 ÷ 12 = $6,416.
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