Real Estate Math
A Montana commercial property leases 5,000 square feet at $18 per square foot per year (NNN lease). What is the monthly base rent?
A$6,000
B$7,500✓ Correct
C$9,000
D$90,000
Explanation
Annual rent = 5,000 sq ft x $18/sq ft = $90,000. Monthly rent = $90,000 / 12 = $7,500.
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