Assumption 2,400 square feet rentable area 4-year triple net lease at $18.00 ps per year with monthly payments ($150 per month Tenant improvements paid by the tenant at lease commencement that will not be recovered): $38,000 10% discount rate & the rent is collected at the beginning of each month. a. What is monthly Equivalent Level Rent (whole area)? ... monthly ELR per sq foot x rentable area) none here $4,555,81 $3.872.44 0 $4,328.02 O $3.416.86 Assumption 2,400 square feet rentable area 4-year triple net lease at $18.00 ps per year with monthly payments ($150 per month Tenant improvements paid by the tenant at lease commencement that will not be recovered): $38,000 10% discount rate & the rent is collected at the beginning of each month. a. What is monthly Equivalent Level Rent (whole area)? ... monthly ELR per sq foot x rentable area) none here $4,555,81 $3.872.44 0 $4,328.02 O $3.416.86