Question: As CFO for Everything. Com, you are shopping for 5.700 square feet of usable office space for 25 of your employees in Center City. USA.





As CFO for Everything. Com, you are shopping for 5.700 square feet of usable office space for 25 of your employees in Center City. USA. A leasing broker shows you space in Apex Atrium, a 10-story multitenanted office bullding. This bullding contains 342,000 square feet of gross bulding area. A total of 51,300 square feet is interior space and is nonrentable. The nonrentabie space consists of areas contained in the basement, elevator core, and other mechanical and structural components. An additional 34,200 square feet of common area is the lobby area usable by all tenants. The 5,700 square feet of usable area that you are looking for is on the seventh floor, which contains 31,920 square feet of rentable area, and is leased by other tenants who occupy a combined total of 22,800 square feet of usable space. The leasing broker indicated that base rents will be $30 per square foot of rentable area. Required: a. Caiculate total rentable area in the buliding as though it would be rented to one tenant. b. Calculate the load factor and common area on the seventh floor only. c. Calcuiate the rentable area, including the load factor for common areas on the seventh floor and the total rent per square foot that will be paid by Everything. Com for the coming year if it chooses to lease the space. d. Calculate the load factor and common area on the seventh floor, assuming that the owner adjusts the lood factor for other common areas in the bullding e. Calculate total rent per square foot, assuming that adjusted load factors are applied to usable area for both the common areas in the bulding lobby and on the seventh floor. Complete this question by entering your answers in the tabs below. Calculate total rentable area in the building as though it would be rented to one tenant. Calculate the load factor and common area on the seventh floor only. Round load factor to 2 decimal places. (Round factor to 2 decimal places.) Calculate the rentable area, including the load factor for common areas on the seventh floor and the total rent per square foot that will be paid by Everything. Com for the coming year if it chooses to lease the space. Calculate the load factor and common area on the seventh floor, assuming that the owner adjusts the load factor for other common areas in the building. (Round "load factor" to 2 decimal places and "common area" to the nearest whole number. Do not round your intermediate calculations.) Calculate total rent per square foot, assuming that adjusted load factors are applied to usable area for both the common areas in the building lobby and on the seventh floor. (Round you final answer to the nearest whole dollar.)
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