Question 10 10 F Assume that you are appraising the value of a retail shopping center using the income approach. The anchor tenant occupies 45,000 SF and pays $10 / SF while the remaining 40,000 SF of in-line tenants pay an average of $22/SF. Calculate NOI using this information, assuming that all leases are triple-net, and ignoring any vacancy allowance or management fees. A recent report from Cushman & Wakefield indicates that market cap rates for this type of property are currently selling at an 8.25% cap rate. Given this information, what is the value of this property? $18,344,828 $17.733,333 517.161.290 516,625000 516,121212