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Question 1 Rent Calculation Assume the following for a floor in a multistory office building: Assume the following for a floor in a multistory office
Question Rent Calculation
Assume the following for a floor in a multistory office building:
Assume the following for a floor in a multistory office building:
Total usable area: sq ft;
Total common area: sq ft;
Tenant As usable area: sq ft
Tenant As annual rental rate is $ per sq ft
How much total rent does Tenant A pay per year?
Question CAM
An office complex has the following operating expenses in year one:
Janitorial $
Insurance $
Maintenance $
Property taxes $
Landscaping $
The following tenants have agreed to reimburse for CAM expenses according to the following lease terms
Office sq ft Up to $ psf
Office sq ft Up to $ psf
Office sq ft Up to $ psf
Office sq ft Up to $ psf
Deli sq ft Up to $ psf
Note: You ONLY have information of a single year so do not try to set this up for multiple years. Also Part Two has NOTHING to do with Part One so don't confuse data.
Please show me your work to answer these questions, highlight your answers.
What is the Op Ex for year one?
What will EACH tenant reimburse in year one?
At the end of year one, what will be the unreimbursed amount?
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