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A 1,000 square foot office space is leased at $15.00/sqft during Year 1 with $2.00 step-up provisions for Year 2 and Year 3. The lessee
A 1,000 square foot office space is leased at $15.00/sqft during Year 1 with $2.00 step-up provisions for Year 2 and Year 3. The lessee is responsible for the following operating expenses -- Year 1: $2.00/sqt, Year 2: $2.65/sqt, Year 1: $3.05/sqt -- but there is an expense stop set at $2.65/sqft. What is the total rent plus expense reimbursements for Years 1 through 3
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