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Cap rate: 13) Assumptions: 15,000SF lease; 64 months of term; first 4 months are free rent, then 12 months at $28.50SF, 12 months at $29.00SF,

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Cap rate: 13) Assumptions: 15,000SF lease; 64 months of term; first 4 months are free rent, then 12 months at $28.50SF, 12 months at $29.00SF, 12 months at $29.50SF, 12 months at $30.00SF and then the final 12 months at $30.50SF. a. (1pt) Utilizing the above assumptions, completing the per square foot Effective Rent Calculation equals b. (1pt) What would the effective rent be if the Landlord provided $29.50SF in Tenant Improvement (TI's)

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