Based on the following information, what is the potential developer profit? (Ignore cost of sale.) Building size
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Question:
Based on the following information, what is the potential developer profit? (Ignore cost of sale.)
Building size 12,000 square feet (sf)
Total development cost $85 per square foot (psf)
Market cap rate 8 percent
Developer profit spread 2 percent
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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