"An investor is interested in purchasing a multi-tenant office building in Miami, which has an asking price of $135 per SF. Assume that, apart from 2% purchasing cost, there are no additional acquisition-related costs. The building size is 60,390 SF. It is currently leased to three tenants: The first tenant is currently renting 24,156 SF for $25/SF/year. The lease will expire in 2 years. The second tenant is currently renting 10,266 SF for $23.5/SF/year. The lease will expire in 4 years"

Answer rating: 100% (QA)

Part 2 period 30 years rate 7 compounded monthly loan amou 70 of 60390110 annual intere... View the full answer