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What is the projected NOI of a shopping center, based upon the information provided below. Building area: 12,500 sqft Average base rents: $22.50 psf NNN
What is the projected NOI of a shopping center, based upon the information provided below.
- Building area: 12,500 sqft
- Average base rents: $22.50 psf
- NNN recoveries: $2.50 psf
- Vacancy rate: 6.0%
- Operating expenses $3.75 psf
- Percentage rent $7,000 per year
- Concessions 2.0%
- Annual debt service $224,824 per year
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
