Real Estate Math
A Wyoming commercial lease is 3,200 sq ft at $18/sq ft per year (NNN). What is the monthly base rent?
A$3,600
B$4,200
C$4,800✓ Correct
D$57,600
Explanation
Annual rent = 3,200 sq ft x $18/sq ft = $57,600. Monthly rent = $57,600 / 12 = $4,800. Using the values given ($18), apply the appropriate formula.. The correct answer is $4,800.. This is a common calculation on the Wyoming real estate exam.
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