Real Estate Math
A New Mexico commercial space leases for $18 per square foot per year (NNN). The tenant occupies 2,500 sq ft. What is the annual base rent?
A$36,000
B$42,000
C$45,000✓ Correct
D$50,000
Explanation
Annual rent = $18 × 2,500 = $45,000 base rent. NNN means the tenant also pays taxes, insurance, and maintenance on top of this base rent.
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