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10 pts Question 4 A 14,000 square foot retail property just sold for $4.6 million. If the property is selling at a 7% cap rate

10 pts Question 4 A 14,000 square foot retail property just sold for $4.6 million. If the property is selling at a 7% cap rate with an absolute net lease (base rent = NOI), then what is the rent per square foot? $21.50 $22.00 $22.50 $23.00 $23.50

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