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Section 2. Analysis 1. Assume a broker has listed a 35,000 square feet office property for $7 million at an advertised 6.0% cap rate in

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Section 2. Analysis 1. Assume a broker has listed a 35,000 square feet office property for $7 million at an advertised 6.0% cap rate in a small suburban market approximately 30 minutes northeast of Manhattan. a. What is the price advertised in dollars per square feet? Show your work. b. What is the net operating income (NOI)? Explain how you can arrive at the figure and show your work and

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