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1) Cory and Ellie are buying a property for $25,250,000 and the NOI is $1,250,000/yr. What is the going-in cap rate? 2) Jennifer wanted to

1) Cory and Ellie are buying a property for $25,250,000 and the NOI is $1,250,000/yr. What is the going-in cap rate? 2) Jennifer wanted to buy the same property but was only willing to buy it on a 6.0% cap rate. What would the purchase price have been? Indicated Price

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