Question
An office complex has the following operating expenses in year one janitorial $10,500 insurance $12,900 maintenance $13,025 property taxes $13,651 landscaping $6,248 The following tenants
An office complex has the following operating expenses in year one
janitorial $10,500
insurance $12,900
maintenance $13,025
property taxes $13,651
landscaping $6,248
The following tenants have agreed to reimburse for CAM expenses according to the following lease terms
Office 1 (5,200 sq ft) Up to $2.50 psf
Office 2 (4,300 sq ft) Up to $2.65 psf
Office 3 (4,100 sq ft) Up to $2.90 psf
Office 4 (2,800 sq ft) Up to $3.25 psf
Deli (2,200 sq ft) Up to $1.25 psf
What is the Op Ex for year one?
What will each tenant reimburse in year one?
At the end of year one, what will be the unreimbursed amount?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started