A multi-tenant office building is for sale. A property analyst has determined that the net operating income for the next five years will be: Year 1 Year 2 Year 3 Year 4 Year 5 Annual rent growth is expected to be 3.5% annually. Determine the proceeds that will be received from a value of the property if the going-out cap rate is 7.25% and when sold the selling expense is 3% $28,367 $27,379 $28,856 $29,900 $58,000 $60,030 $61,831 $63,995 $66,235

A multi-tenant office building is for sale. A property analyst has determined that the net operating income for the next five years will be: Annual rent growth is expected to be 3.5% annually. Determine the proceeds that will be received from a value of the property if the going-out cap rate is 7.25% and when sold the selling expense is 3% $28,367 $27,379 $28,856 $29,900