Real Estate Math
A North Dakota commercial building has 25,000 sq ft. The owner rents it at $8/sq ft/year triple net. What is the annual base rent?
A$150,000
B$200,000✓ Correct
C$250,000
D$300,000
Explanation
Annual base rent = 25,000 sq ft × $8/sq ft = $200,000. Using the values given ($8), apply the appropriate formula.. The correct answer is $200,000.. This is a common calculation on the North Dakota real estate exam.
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