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A 20,000 sqft office building's first-year rental rate is $24/ sqft/year. Assuming this is a gross lease and - - Vacancy rate is expected to

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A 20,000 sqft office building's first-year rental rate is $24/ sqft/year. Assuming this is a gross lease and - - Vacancy rate is expected to be 6% - There will be no other income. - Total operating expenses (CAM + insurance +tax ) is 44% of the gross potential income. - Management fee is additional 6% of gross potential income. What is the net operating income for the first year

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