Question: Office Mega is used as a comparable for the subject property. At the time of appraisal, Mega's leasing contract has eight years remaining at a
Office Mega is used as a comparable for the subject property. At the time of appraisal, Mega's leasing contract has eight years remaining at a rental rate that was $0.5 below the market rate with an area of 17,980 square feet. The market rental rate is expected to grow by $0.25 annually. Then what should be the adjustment amount for Mega with a discount rate of 8.5%?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
