Question
The annual reimbursable expenses for a 25,000 square foot building come to $87,500. What is the expense reimbursement for a tenant occupying 10,000 square feet
The annual reimbursable expenses for a 25,000 square foot building come to $87,500. What is the expense reimbursement for a tenant occupying 10,000 square feet with an expense stop equal to $2.25/sf?
A retail tenant in Hoboken, NJ pays $25/sf plus overage to rent 1250 sf of space. If they earn $825,000 in total sales for the year and pay a percentage rent equal to 5% of chargeable sales as determined by their natural break point, what is the total amount of rent paid?
Note: The information presented here applies to questions 8 and 9. The law firm of Saul Goodman and Associates must choose between two different leases for their new space. The first lease, Lease A, is a 5-year gross lease with a base rent of $36.25/sf. If rents will increase by $1.00/sf each year and the cash flows from the lease are discounted at 6%, what is the corresponding effective rent when evaluated from the tenant's perspective?
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