You are analyzing a property that was just pitched to your company. Real estate taxes and...
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You are analyzing a property that was just pitched to your company. Real estate taxes and management services cost 536,246 and 412,369, respectfully. Vacancy is 3.5% of gross rent. Other expenses are 9.63 per rentable sq ft. The current landlord is able to earn parking income of $163,256. He is given recoverables from tenants in the amount of 356,256. You project that capital expenditures of 1,239,632 are needed on an annual basis. The rentable sq ft of the building is 315,636 and has base rent of 19.63 per rentable sq ft. An appraisal labeled the gross square footage at 365,236. Concessions per rentable sq ft is 1.45. What is the effective gross income? You are analyzing a property that was just pitched to your company. Real estate taxes and management services cost 536,246 and 412,369, respectfully. Vacancy is 3.5% of gross rent. Other expenses are 9.63 per rentable sq ft. The current landlord is able to earn parking income of $163,256. He is given recoverables from tenants in the amount of 356,256. You project that capital expenditures of 1,239,632 are needed on an annual basis. The rentable sq ft of the building is 315,636 and has base rent of 19.63 per rentable sq ft. An appraisal labeled the gross square footage at 365,236. Concessions per rentable sq ft is 1.45. What is the effective gross income?
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To calculate the effective gross income we need to start with the potential rental ... View the full answer
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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