Question 7 10 pts A national retailer uses 15,000 SF of big box" store space and develops these properties for an average cost of $4.5 million. The space leases for $23 per foot (absolute net) with $5 per foot in operating expenses. If the company does a sale-leaseback, what is the approximate price (rounded to thousands) they can expect to get if the property is sold at a 6.25 cap rate? $6,720,000 $5,520,000 O $7.920,000 O $6,828.000 $9,680,000