An owner requires a 9% rate of return on her $4,700,000 valued specialty warehouse. The rent will

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An owner requires a 9% rate of return on her $4,700,000 valued specialty warehouse. The rent will be a gross lease (all expenses included in the rent) and there is no miscellaneous income. If the annual property expenses are $350,000.

How much rent should she charge annually? (Two-step calculation - first calculate NOI, then calculate Income to achieve the NOI with known expenses)

Related Book For answer-question

Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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Posted Date: May 22, 2023 12:56 AM

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An owner requires a 9% rate of return on her $4,700,000 valued specialty warehouse. The rent will

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Financial and Managerial Accounting Using Excel for Success

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