Which of the following factors is NOT part of the definition of market value?

	Payment is made in terms of cash in U.S. dollars or a comparable financial arrangement
	Buyer and seller are typically motivated
	Price is not affected by special or creative financing
	The property has been on the open market for less than a year

A tenant agrees to a lease for 2,000 square feet of industrial space at $30 per square foot for 7 years. Concessions include 8 months of free rent and $4 per square foot in extra tenant improvements. The landlords discount rate is 10 percent. What is the effective annual rent per square foot of this lease?

	$20.21/SF
	$26.00/SF
	$25.36/SF
	$30.00/SF