An industrial firm is looking to acquire West Ontario Logistics Center $(5000$ Main Avenue, Ontario, CA $91762).$ The site is currently owned and

occupied by ABC Corporation who is looking to sell the site to an investor as part of a sale$-$leaseback. Build a cash flow $($starting on January $1,2024)$

considering the lease in$-$place and market leasing assumptions at expiration to a single tenant.

How much can we pay for the property and achieve an $8\%$ IRR?