Real Estate Math
A South Carolina commercial property with 5,000 sq ft rents at $22/sq ft/yr NNN. What is the annual base rent?
A$100,000
B$108,000
C$110,000✓ Correct
D$120,000
Explanation
Annual base rent = 5,000 sq ft × $22/sq ft = $110,000. Using the values given ($22), apply the appropriate formula..
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