You are analyzing a 45,000 square foot industrial property. This building has two units. The first is has 20,000 square feet and rents for $2.50 per square foot (psf); the second has 25,000 square feet and rents for $2.00 psf. Industrial properties in this area are currently experiencing a 20 percent vacancy rate. Each of the leases are triple-net leases, so the only operating expenses the owner will incur is a five percent management fee (based off of effective gross income). What is this property's net operating income (NOI)? A. $76,000 B. $68,400 C. $80,000 D. $100,000 E. $75,000A retail center has 75,000 square feet gross leasable area. Of this, 25,000 square feet rents for $25 per square foot (psf), while the remaining 50,000 rents for $22.00 psf. On average, retail buildings in this area are experiencing a five percent vacancy rate. Each of the leases are triple-net leases, so the only operating expenses the owner will incur is a five percent management fee (based off of effective gross income). The current market value of this center is $17.3 million. What is this property's effective gross income (EGI)?