Question
Calculate the Net Operating Income of the following retail building. Tenant A has 5,000 SF and pays $25/SF in rent Tenant B has 3,000 SF
Calculate the Net Operating Income of the following retail building. Tenant A has 5,000 SF and pays $25/SF in rent Tenant B has 3,000 SF and pays $24.50/SF in rent Tenant C pays $54,000 per year in rent All tenants reimburse the landlord for all operating expenses except the Management Fee Assumed Vacancy Loss if 5% of Gross Potential Income Annual Operating Expenses include $30,000 for Property Taxes; $7,500 for Insurance; $50,000 for Utilities and Maintenance; and $5,000 for Management Fee There are no additional capital or leasing costs. Round your answer to the nearest whole number.
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