Question
Tom owns an office building with 12,000 square feet of office space. Annual rent is $50 per square foot. The building currently has 88% occupancy
Tom owns an office building with 12,000 square feet of office space. Annual rent is $50 per square foot. The building currently has 88% occupancy (ie 12% vacancy). If the operating expenses are 35% of Effective Gross Income, what is the Net Operating Income (NOI)?
(A) $46,800
(B) $184,800
(C) $343,200
(D) $528,000
ANSWER: C
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
