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Total CAM expenses for a property are $150,000. The Anchor tenant occupies 200,000 sq. ft. of the 250,000 sq. ft. property. The remaining 50,000 sq.
Total CAM expenses for a property are $150,000. The Anchor tenant occupies 200,000 sq. ft. of the 250,000 sq. ft. property. The remaining 50,000 sq. ft. is occupied by in-line tenants. If the Anchor tenant pays $0.5 per rentable sq. ft. towards CAM charges, what is the CAM charges per sq. ft. of rentable in-line space? (compute your answer using 4 decimals and round your final answer to 2 decimals)
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