Real Estate Math
A commercial space of 4,500 sq ft leases at $18 per square foot per year on a NNN basis. What is the annual base rent?
A$72,000
B$78,000
C$81,000✓ Correct
D$84,000
Explanation
Annual base rent = 4,500 sq ft × $18 = $81,000. Using the values given ($18), apply the appropriate formula..
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