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Question 6 10 pts A 40,000 SF office property has reimbursable operating expenses of $240,000. One tenant, has a full service gross lease on 8,000

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Question 6 10 pts A 40,000 SF office property has reimbursable operating expenses of $240,000. One tenant, has a full service gross lease on 8,000 SF at $18.50 per foot with a $3.50 expense stop. What is their effective rent? $20.50 $21.00 $21.50 $22.00 $22.50

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