Real Estate Math
A North Dakota industrial building of 20,000 sq ft rents for $6 per sq ft per year on a triple net basis. What is the annual base rent?
A$100,000
B$120,000✓ Correct
C$140,000
D$160,000
Explanation
Annual base rent = 20,000 sq ft × $6/sq ft = $120,000. Using the values given ($6), apply the appropriate formula..
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