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3. React and Explain: Lease terms and market segments. a. Explain the difference between NNN rent and Gross Rent. Which real estate segment traditionally uses
3. React and Explain: Lease terms and market segments. a. Explain the difference between NNN rent and Gross Rent. Which real estate segment traditionally uses NNN rent? b. An office building is renting for $10/sf, with 50,000 total leasable square feet. Office buildings in the area are selling for cap rates of 5.5%. What information do you have and what are you lacking in order to calculate the price with a direct cap rate valuation
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