Question: A 2 5 0 , 7 0 0 sf office building rents for $ 1 . 0 5 psf per month triple net. Expenses are

A 250,700 sf office building rents for $1.05 psf per month triple net. Expenses are 40% of Gross Rental Income. Market vacancy is 10%. The property sold for $61,000,000.
What is the property's Effective Gross Income?
What is the capitalization rate?
What are expenses psf?
 A 250,700 sf office building rents for $1.05 psf per month

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!