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The annual reimbursable expenses for a 35,000 square foot building come to $113,750. What is the expense reimbursement for a tenant occupying 12,000 square feet
- The annual reimbursable expenses for a 35,000 square foot building come to $113,750. What is the expense reimbursement for a tenant occupying 12,000 square feet with an expense stop equal to $2.45/sf?
- The annual reimbursable expenses for a 35,000 square foot building come to $113,750. What is the expense stop for a new tenant who began occupying their 8,500 square foot space in the same year?
- A retail tenant in Hoboken, NJ pays $22/sf plus overage to rent 1500 sf of space. If they earn $1,850,000 in total sales for the year and pay a percentage rent equal to 3% of chargeable sales as determined by their natural break point, what is the total amount of rent paid?
- If a building is 85% occupied, what is the annual utility expense if the building offers 60,000 sf of rentable space and utilities are $2.15/sf and 20% fixed?
- If a building is 75% occupied, what is the annual janitorial expense if the building offers 47,500 sf of rentable space and janitorial services are $3.75/sf and 0% fixed?
- You project NOI for a given industrial property and estimate NOI in year 6 to be $670,000. What is your estimated sale price for the building in year 5 based on an 8.0% cap rate?
- [The information presented here applies to questions 7 & 8]A building offers 55,000 square feet of rentable space and it currently occupied by two tenants, A and B. If tenant A occupies 27,600 square feet of space and tenant B occupies 12,000 square feet, what is the building's current occupancy rat
- If the annual CAM expense is $2.10/sf and is 30% fixed, what is the annual CAM expense for the building?
- [The information presented here applies to questions 9,10,11,12] You are considering an investment in an apartment building in Montclair, NJ. The building has a total of 10 apartments; 6 one-bedroom units and 4 two-bedroom units. One-bedroom apartments for $2500/month, two-bedroom units for $3750/month. What is the annual potential gross income for this property?
- If the typical vacancy rate for this type of property in this area is 8% what is the effective gross income for this property?
- If operating expenses are 45% of total operating income and there are no other sources of income other than rent, what is NO
- What is the estimated value of the apartment building based on a 6% capitalization rate?
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