Question
Office properties in the downtown area have recently been selling at a 12 percent capitalization rate. A subject office property has net operating income of
Office properties in the downtown area have recently been selling at a 12 percent capitalization rate. A subject office property has net operating income of $1.5 million. What is this propertys indicated value using the income approach?
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
