An office building that you have had your eye on for several years just went on the market for an asking price of $175 per rentable square foot. The property has a strong operating history and is currently 100% occupied at market lease rates. However, market vacancy in the submarket in which the property is located generally ranges from 5% to 10%. You have elected to apply a vacancy rate of 7.5% in your analysis. All of the leases have more than five years remaining and the building's operating history is stable, which is part of the reason you are interested. You have researched the leases and extracted the following income data