An office building has a total of 25,500 rentable square feet. The market rate for this space is $20/sf. Assume a vacancy rate of 1/12th (one month vacant out of the year). The expenses are $7.50/sf and the expense stop for all of the tenants is $6.75/sf. What is the NOI for the year?

NOTE: Vacant means there is no rent payment or expense reimbursements for the space. However, the expenses still must be paid.