Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
10 pts Question 9 Consider an 18,000 SF shopping center where all tenants pay $20 per square foot, triple-net. Ignore the general vacancy allowance, and
10 pts Question 9 Consider an 18,000 SF shopping center where all tenants pay $20 per square foot, triple-net. Ignore the general vacancy allowance, and assume that reimbursable operating expenses are $90,000 and non-reimbursable operating expenses are only a management fee that is 3.5% of PGI. What is the approximate value of this property at an 8% cap rate? $4,303,000 $3,442,500 $4,026,000 $3,775,000 $4,560,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started