A commercial property has rents of $32/square foot NNN and gross square footage of 132,000 square feet with 93 percent of that rentable (net rentable)
A commercial property has rents of $32/square foot NNN and gross square footage of 132,000 square feet with 93 percent of that rentable (net rentable) . An appraiser has calculated an appropriate capitalization rate of 6.75% with a vacancy rate of 20 percent.
What is the property value?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: Andrew W. Lo, Shomesh E. Chaudhuri
1st Edition
0691183821, 978-0691183824
