. . Use the following information to answer the next six questions. Question 34 is number four of six. A multitenant building has four tenants described as follows: Suite 1 has 5,000 square feet and is under lease for five more years at $12 per square foot per year Suite 2 has 5,000 square feet and is vacant. The market for this space is $15 per square foot per year. Suite 3 has 5,000 square feet and is under a lease for two more years at $13 per square foot per year. Suite 4 has 5,000 square feet and is on a month-to-month tenancy at $15 per square foot per year. Expenses for this building are $5 per square foot per year. Vacancy and collection loss is estimated at 5% of PGI. All the leased spaces are the same. This building recently sold for $2,000,000.00 What are the operating expenses of this building? $25.000 O $100,000 O $75,000 $50,000 . Use the following information to answer the next six questions. Question 36 is number six of six. A multitenant building has four tenants described as follows: Suite 1 has 5,000 square feet and is under lease for five more years at $12 per square foot per year. Suite 2 has 5,000 square feet and is vacant. The market for this space is $15 per square foot per year. Suite 3 has 5,000 square feet and is under a lease for two more years at $13 per square foot per year. Suite 4 has 5,000 square feet and is on a month-to-month tenancy at $15 per square foot per year Expenses for this building are $5 per square foot per year. Vacancy and collection loss is estimated at 5% of PGI. All the leased spaces are the same. This building recently sold for $2,000,000.00 What is the cap rate of this building? Answer to the nearest whole percent. . O 7% O 196 09% O 8% Looking again at the previous scenario, what is most likely the market rent in this area? A multitenant building has four tenants described as follows: Suite 1 has 5,000 square feet and is under lease for five more years at $12 per square foot per year. Suite 2 has 5,000 square feet and is vacant. The market for this space is $15 per square foot per year. Suite 3 has 5,000 square feet and is under a lease for two more years at $13 per square foot per year. Suite 4 has 5,000 square feet and is on a month-to-month tenancy at $15 per square foot per . year, O $14 $15 O $13 $12