Real Estate Math
A Kansas industrial property has 50,000 sq ft. The landlord charges $4.50 per sq ft per year triple net. What is the monthly base rent?
A$16,250
B$17,500
C$18,750✓ Correct
D$19,250
Explanation
Annual rent = 50,000 × $4.50 = $225,000. Monthly rent = $225,000 ÷ 12 = $18,750. Using the values given ($4.50), apply the appropriate formula.. The correct answer is $18,750.. This is a common calculation on the Kansas real estate exam.
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