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Can someone please help with question 5? 5. Adjustments to NOI: Tenant Allowance Over the next four years, Gateway Towers has 40,000 square feet of
Can someone please help with question 5?
5. Adjustments to NOI: Tenant Allowance Over the next four years, Gateway Towers has 40,000 square feet of leases rolling at flat rents. The owner's predict that tenant allowances on new leases will total $25 per square foot. The property expects to have NOI of $3,000,000. What is adjusted NOI for this asset? IO
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