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67) A 10,000 sf warehouse was leased three years ago for a ten-year with an annual contract rate of $7.00 per sf triple net. The

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67) A 10,000 sf warehouse was leased three years ago for a ten-year with an annual contract rate of $7.00 per sf triple net. The current market rate for this property is $9.00 per sf triple net. The owner expects to sell the property at the end of the lease for $975,000 net of all costs. What is the market value of the leasehold estate assuming a discount rate of 10% with annual discounting? (Round to nearest hundred) A) $498,800 B) $97,400 C) $597,700 D) $122,900

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