Explain: An office building is renting for $10/sf, with 50,000 total leasable square feet. Office buildings in the area are selling for cap rates of 5.5%. What information do you have and what are you lacking in order to calculate the price with a direct cap rate valuation?

Answer rating: 100% (QA)

From the provided description we have the following information 1 Rental Rate The office building is ... View the full answer