15. What is the net rent to the landlord for Tenant 3? (1) $19.50 per sq. ft. (2) $24.00 per sq. ft. (3) $21.00 per sq. ft. (4) $18.50 per sq. ft. 16. What is the net rent to the landlord for Tenant 4? (1) $17.75 per sq. ft. (2) $24.00 per sq. ft. (3) $15.50 per sq. ft. (4) $19.95 per sq. ft. THE NEXT FOUR (4) QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: You are valuing a retail strip mall that has a total leasable area of 33,000 square feet. Total recoverable costs from the tenant over and above net rent are as follows: Common Area Costs: $99,000 Real Estate Taxes: $181,500 Tenant information is as follows: 1 Net 2,000 $22 2 1,800 $26 Gross Semi-gross, plus a 3 1,600 $24 proportionate share of CAM only Semi-gross, plus a 4 4,000 $24 proportionate share of CAM and taxes over a base year Base year taxes = $4.00 per sq. ft. Base year CAM = $2.25 per sq. ft