Real Estate Math
A 5,000 SF Texas office is leased at $18/SF/year NNN. Annual property taxes are $12,000, insurance is $4,000, and maintenance is $8,000. What does the tenant pay annually?
A$90,000
B$102,000
C$114,000✓ Correct
D$105,000
Explanation
Base rent = 5,000 × $18 = $90,000. NNN costs = $12,000 + $4,000 + $8,000 = $24,000. Total tenant payment = $90,000 + $24,000 = $114,000.
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