Question
A shopping mall totals 2.0 million sf of which 1.1 million sf has been leased to anchor tenants that have agreed to pay $1 per
A shopping mall totals 2.0 million sf of which 1.1 million sf has been leased to anchor tenants that have agreed to pay $1 per rentable square foot in CAM charges. In-line tenants occupy 600,000 square feet and the remaining 300,000 sf is common area which requires $12 psf in operating expenses to maintain. How much will the in-line tenants pay in CAM in total $ and in-line psf if the leases require that all CAM expenses are completely reimbursed by the tenants?
A. $2.5M and $1.25 psf
B. $2.5M and $4.17 psf
C. $3.6M and $1.80 psf
D. $3.6M and $6.00 psf
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