1. A landlord is desperate to land a 75,000 SF tenant and thus provides the following aggressive net rent offer to a tenant: 10 months free, 12 months at $10.00SF, 12 months at $15.00SF, 12 months at $20.00SF, 2 months at $22.00SF, 12 months at $24.00SF, 12 months at $25.00; $69.00 allowance for Tenant Improvements; $3.00 moving and cabling allowance; and $7.50 in a furniture allowance.
   1. (1pt) Utilizing the above assumptions, completing the per square foot Effective Rent Calculation equals_____
      1. $16.28
      2. $13.33
      3. $3.03
      4. ($2.45)
   2. (1pt) What would the NER be if the Landlord provided the free rent, but not any additional concessions?
      1. $13.33
      2. $16.28
      3. $17.30
      4. $17.64
   3. (1pt extra credit): If the LL could sell the building at a 7% Cap Rate, would the sale price for the building be more or less if the Landlord provided the original deal structure provided above in 12.a OR no free rent and no concessions and a flat $18.00 net rent for the same lease term?