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You are considering the purchase of a parking deck near your office building. The parking deck is a 1 5 - year old structure with

You are considering the purchase of a parking deck near your office building. The parking
deck is a 15-year old structure with an estimated remaining service life of 25 years. The
tenants have recently signed long-term leases, which leads to believe that the current
rental income of $250,000 per year will remain constant for the first five years.

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