Real Estate Math
A Louisiana commercial building leases 4,200 sq ft at $22/sq ft/year NNN. Annual insurance is $3,200, taxes are $8,500, and maintenance is $4,800. What does the tenant pay annually in total?
A$92,400
B$108,900✓ Correct
C$100,700
D$107,700
Explanation
Base rent = 4,200 × $22 = $92,400. NNN expenses = $3,200 + $8,500 + $4,800 = $16,500. Total = $92,400 + $16,500 = $108,900.
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