Question
A 100,000 square feet lease-ready commercial space is available in the market at a rate of $18.25/ sq.ft. Expected operating expenses are $7.30/ sq.ft and
A 100,000 square feet lease-ready commercial space is available in the market at a rate of $18.25/ sq.ft. Expected operating expenses are $7.30/ sq.ft and occupancy is at 90%. What is 'Effective Rental Rate'? What is net operating income per square foot?
| 1. | $18.25, $9.1250 | |
| 2. | $16.4250, $7.30 | |
| 3. | $16.4250, $9.1250 | |
| 4. | $18.25, $7.30 |
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
12th edition
978-0077862220
