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A 120,000 SF office building has average rents of $30 per SF per year for a full-service gross lease. The Operating Expenses, Taxes and Insurance

A 120,000 SF office building has average rents of $30 per SF per year for a full-service gross lease. The Operating Expenses, Taxes and Insurance combined are $5.00 per SF. Vacancy is 5%. Calculate the NOI of a full-service gross lease (FSG)

3,600,000

2,820,000

3,390,000

3,420,000

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