Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 2 - CAM An office complex has the following operating expenses in year one janitorial $26,500 insurance $24,500 maintenance $24,015 property taxes $13,653 landscaping

image text in transcribed

Part 2 - CAM An office complex has the following operating expenses in year one janitorial $26,500 insurance $24,500 maintenance $24,015 property taxes $13,653 landscaping $8,282 The following tenants have agreed to reimburse for CAM expenses according to the following lease terms Office 1 (3,800 sq ft) Up to $4.15 psf Office 2 (3,600 sq ft) Up to $4.95 psf Office 3 (3,300 sq ft) Up to $4.82 psf Office 4 (2,000 sq ft) Up to $5.07 psf Deli (1,200 sq ft) Up to $2.85 psf Please show me your work to answer these questions, highlight your answers. 1. What is the Op Ex for year one? 2. What will each tenant reimburse in year one? 3. At the end of year one, what will be the unreimbursed amount? Please show your work/calculations in an Excel file

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Future Of Real Estate Early Warning Realtors

Authors: Anya Bartholomew

1st Edition

1975711149, 978-1975711146

More Books

Students also viewed these Finance questions