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Tom Jones owns A 10,000 square foot office building. The annual rent is $60 per square foot. The building currently has 88% occupancy (i.e. 12%
Tom Jones owns A 10,000 square foot office building. The annual rent is $60 per square foot. The building currently has 88% occupancy (i.e. 12% vacancy). If the operating expenses are 30% of Effective Gross Income, what is the Net Operating Income (NOI)? (A) $72,000 (B) $369,600 (C) $528,000 (D) $600,000
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