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Estimate the appropriate purchase price of the following small office building with the following characteristics: The property has 10,500 square feet of leasable space that
Estimate the appropriate purchase price of the following small office building with the following characteristics: The property has 10,500 square feet of leasable space that is leased to single tenant with ten years left on their lease. Terms of the lease call for rent payments of $11,325 per month for the first year of your analysis, escalating 3% per year thereafter. The tenant is paying all operating expenses, taxes and insurance. There will be no vacancy and
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