Real Estate Math
An Oklahoma commercial tenant leases 2,500 sq ft at a base rent of $14/sq ft/year plus $3.50/sq ft/year in CAM charges. What is the total annual rent?
A$35,000
B$43,750✓ Correct
C$38,500
D$44,250
Explanation
Base rent = 2,500 x $14 = $35,000. CAM = 2,500 x $3.
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