Real Estate Math
A Utah commercial building has a net leasable area of 12,000 sq ft at $22/sq ft/year. What is the annual rent income?
A$264,000✓ Correct
B$144,000
C$198,000
D$240,000
Explanation
Annual rent = 12,000 × $22 = $264,000. Using the values given ($22), apply the appropriate formula..
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