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Question 10 Assume 5 year lease, CPL is 3%, Discount rate is 10%: Lease 4: Gross lease with expense stop and CPI adjustment: Rent $22

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Question 10 Assume 5 year lease, CPL is 3%, Discount rate is 10%: Lease 4: Gross lease with expense stop and CPI adjustment: Rent $22 psf in Y1 and then increasing annually by CPI Expenses are $9 psf in Y1 and increase by $1 per year Expense stop is $9 psf What is the average rent (DO not use $ signs in your answer)

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