Real Estate Math
A Mississippi commercial tenant leases 4,500 square feet at $18 per square foot per year on a triple-net basis. Annual base rent is:
A$6,750✓ Correct
B$81,000
C$54,000
D$18,000
Explanation
Annual rent = Square footage × Annual rent/SF = 4,500 × $18 = $81,000. Monthly rent = $81,000 ÷ 12 = $6,750.
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