Will rate fast

In the guest lecture for this module, David Sobelman and Austin hypothetical deal (e.g. Wal-Mart) that could be developed for $2.5 miltion and would produce NOl of $250,000. What was the cap rate that they used to demonstrate a doubling in value of such an investment? @ 7%% @ 10% @ 15% DI Question 4 10 pts Consider a 24,000 square feet office building that rents for $20 a foot, has a 5% vacancy rate, and operating expenses at 35% of EGL what is NOI in year 1? $296,400 $266,760 $287,280 O$319.200 $326,040