Question: If you require a 1 0 % stabilized yield on cost , stabilized vacancy is expected to be 5 % , gross square footage is

If you require a 10% stabilized yield on cost, stabilized vacancy is expected to be 5%, gross square footage is 100,000 sf, operating margins are 60%, development costs will be $18 MM, and net rents are $65.00 psf per year, what can you pay for the land?

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