Real Estate Math
A commercial property lease is for 3,200 sq ft at $19/sq ft/year. Annual NNN expenses are $8,500 in taxes, $3,200 in insurance, and $4,100 in maintenance. What is the total annual cost to the tenant?
A$76,600✓ Correct
B$60,800
C$75,800
D$69,500
Explanation
Base rent = 3,200 × $19 = $60,800. NNN expenses = $8,500 + $3,200 + $4,100 = $15,800.
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