Office Building An office building should last 60 years, but this owner will sell it at 20 years for 40% of its construction cost. For the first 20 years it can be leased as Class A space, which is all this owner operates. When the building is sold, the lands cost will be recovered in full. $2.2 Million Land $4.1 Million Building $640,000 Annual operating and maintenance 4% Annual property taxes and insurance (% of initial investment) a. If the owner wants a 12% rate of return, what is the required monthly leasing cost?

How would this look in Excel?