Will rate fast

An investor is considering the purchase of an office building for $3 million. The 20,000 square foot property rents for $21 a foot with a 5% vacancy rate, and operating expenses at 33% of EGI, what is the cap rate? 823% 9.75% 8.91% @ 10.64% 957% D Question 6 10 pts Assume that the expected net operating income (NOI) on a property in year 1 is $275,000. If the annual rent increase (escalation) is 5%, what expected NOI in year 6?" $319,070 $326,740 $344,711 $368,526 O $350,977