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Assume an office building is 80,000 square feet and has two tenants-A for 60,000sf and B for 20,000sf. As base rent is $16.00psf and Bs
Assume an office building is 80,000 square feet and has two tenants-A for 60,000sf and B for 20,000sf. As base rent is $16.00psf and Bs base rent is $18.00psf. Assume further that the building generates parking income of $200,000 and signage income of $25,000 per year. Operating expenses for the entire building are $9.00psf. What is the Net Operating Income (NOI)?
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