Real Estate Math
A Nebraska retail strip center has 6 tenants each leasing 1,800 sq ft for $14.50/sq ft/year NNN. Annual common area maintenance (CAM) charges are $2.25/sq ft/year per tenant. What is the total annual income to the landlord?
A$180,576✓ Correct
B$156,600
C$187,956
D$174,240
Explanation
Base rent = 6 × 1,800 × $14.50 = $156,600.
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