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Given the following information, calculate the estimated Gross Sales Price for this property at the end of year 3: Entrance Cap Rate: 6.00%; Exit Cap
Given the following information, calculate the estimated Gross Sales Price for this property at the end of year 3: Entrance Cap Rate: 6.00%; Exit Cap Rate: 6.25%; NOI for year 1: $25,876; NOI for year 2: $23,998; NOI for year 3: $23,013; NOI for year 4: $22,105; NOI for year 5: $23,670.
Correct Answer $353,680
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