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A property has 100,000 square feet leasing at $10 per square foot per year. 10% vacancies. Operating expenses of 30% of PGI. Calculate total operating
A property has 100,000 square feet leasing at $10 per square foot per year. 10% vacancies. Operating expenses of 30% of PGI. Calculate total operating expenses and NOI. Assume the property was purchased for $6 million, using no debt. What is the cash on cash return (or EDR) for the investor?
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6%
8%
10%
12%
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