Real Estate Math
A Wichita retail property has 6,000 sq ft of space. Monthly rent is $12 per sq ft (annual). Annual CAM charges are $2.50 per sq ft. What is the total annual rent including CAM?
A$72,000
B$81,000
C$85,000
D$87,000✓ Correct
Explanation
Base rent = 6,000 × $12 = $72,000/year. CAM = 6,000 × $2.
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