Question: You are analyzing a 2 0 0 , 0 0 0 square - foot commercial property. The potential gross income is $ 3 0 per

You are analyzing a 200,000 square-foot commercial property. The potential gross income is $30 per square foot. Operating expenses, including real estate taxes, CAM and reserves are $16.70 per square foot. You are assuming a $20 million loan that has a loan constant of 9.2%. What is the breakeven occupancy rate on the debt alone?

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