Question: You are developing an industrial building with a gross building area of 150,000 sf. The building efficiency ratio is 75%. The market gross rent is

You are developing an industrial building with a gross building area of 150,000 sf. The building efficiency ratio is 75%. The market gross rent is $25 psf. The vacancy rate is 5%; the cap rate is 5%; and the operating expenses are 45%. What would be the estimated market value for this project?

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