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Calculate the effective rent for a five-year lease. Gross Lease with Step Up Rents and Expense Stop Rents will be $57.00 per square foot. Operating

Calculate the effective rent for a five-year lease.

Gross Lease with Step Up Rents and Expense Stop

Rents will be $57.00 per square foot. Operating expenses will be $25.00, and will increase by $1.00 per year. The tenant will pay all increases in operating expenses above a $26.00 expense stop.

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