Real Estate Math
A Maine commercial building of 12,000 sq ft is leased at $20/sq ft per year (NNN). Annual rent is:
A$180,000
B$200,000
C$220,000
D$240,000✓ Correct
Explanation
Annual rent = 12,000 sq ft × $20/sq ft = $240,000. Using the values given ($20), apply the appropriate formula.. The correct answer is $240,000.. This is a common calculation on the Maine real estate exam.
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