Question: A 3,000 square-foot comparable building was leased for $4.50 per square foot per year above the market rent over the remaining lease term of five

A 3,000 square-foot comparable building was leased for $4.50 per square foot per year above the market rent over the remaining lease term of five years. If rent for the subject property is at a market rate in the appropriate discount rate is 9%, what is the adjustment for real property rights conveyed? Round to the nearest $500

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!

A 50 -acre site is on the market for $3,000,000. A developer believes that 250 single family lots can be sold for $25,000 per lot over a three-year period. Marketing and commission costs are...

A 3,000 square-foot comparable building was leased for $4.50 per square foot per year above the market rent over the remaining lease term of five years. If rent for the subject property is at a...

PROPERTY RIGHTS ADJUSTMENT A 5,000 square-foot comparable building was leased for $7.50 per square foot per year below the market rent over the remaining lease term of 3 years. If rent for the...

A 12,000 square-foot comparable building was leased for $4.75 per square foot per year below the market rent over the remaining lease term of 4 years. If rent for the subject property is at a market...

DQuestion 8 10 pts Suppose that your 12,000 SF building was leased for $10 per square foot two years ago on a five-year lease (le. three years remaining). Your tenant wants to negotiate a buyout...

11. 12. In a retail offer to lease, the tenant proposes to rent space on the terms listed below. Ignoring discounting over time, what is the average annual net effective rent per square foot received...

An investor has just inherited $605,000. A local commercial real estate broker has presented her with the following opportunity to purchase a small office building for $1,500,000. There are four...

have been appointed as a consultant to Texas Bobs BBQ shack, Inc., a restaurant chain based in Austin, Texas. The company is considering expanding into the Cincinnati market and has retained you to...

ou have been appointed as a consultant to Texas Bobs BBQ shack, Inc., a restaurant chain based in Austin, Texas. The company is considering expanding into the Cincinnati market and has retained you...

1. Discuss "Pay Equity and Benefits" Respond to the following: Determine the importance of equal pay between men and women. Then, suggest two (2) valid reasons why their pay may be different for the...

Keefe Energy, Inc., a U.S. firm, enters into a joint venture with Energia Guerra, S.A., a Mexican firm, to build and operate a coal-fired electric-power generating plant with an estimated useful life...

30. The brain and the nervous system are composed of two types of cells 1 neurons and glial cells. Neurons are responsible for information transmission throughout the nervous system. Glial cells...

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".