Real Estate Math
A Virginia commercial tenant rents 4,000 sq ft at a base rent of $20/sq ft annually. CAM is $4/sq ft. What is the total annual occupancy cost?
A$80,000
B$96,000✓ Correct
C$72,000
D$88,000
Explanation
Annual base rent = 4,000 × $20 = $80,000. Annual CAM = 4,000 × $4 = $16,000. Total = $80,000 + $16,000 = $96,000.
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