OK TO USE FINANCIAL CALCULATOR, BUT SHOW STEPS. Thank you.

A multitenant retail building has four tenants described as follows . Suite 1 has 5,000 square feet and is under lease for five more years at $12 per square foot per . Suite 2 has 5,000 square feet and is vacant. The market for this space is $15 per square foot per year. year. Suite 3 has 5,000 square feet and is under lease for two more years at $13 per square foot per year. Suite 4 has 5,000 square feet and is on a month-to-month tenancy at $15 per square foot per year. . . Expenses for this building are $5 per square foot per year. The vacancy and collection loss (V&C) is estimated at 5% of PGI. All of the leased spaces are the same. What is the NOI in the first year? Round your answer to the nearest $10,000. 5,000 5,000 5,000 5,000 20,000 $12 $15 $13 $15 $60,000 $75,000 $65,000 $75,000 $275,000 2 3 4 PGI A multitenant retail building has four tenants described as follows . Suite 1 has 5,000 square feet and is under lease for five more years at $12 per square foot per . Suite 2 has 5,000 square feet and is vacant. The market for this space is $15 per square foot per year. year. Suite 3 has 5,000 square feet and is under lease for two more years at $13 per square foot per year. Suite 4 has 5,000 square feet and is on a month-to-month tenancy at $15 per square foot per year. . . Expenses for this building are $5 per square foot per year. The vacancy and collection loss (V&C) is estimated at 5% of PGI. All of the leased spaces are the same. What is the NOI in the first year? Round your answer to the nearest $10,000. 5,000 5,000 5,000 5,000 20,000 $12 $15 $13 $15 $60,000 $75,000 $65,000 $75,000 $275,000 2 3 4 PGI