You are the owner of a 65,000 square foot office building. You purchased the building five years ago for $11,500,000. During that entire time the building was triple net leased to a tenant who was also responsible for all maitenance and capital upkeep. The net rent the tenant paid was flat at $12.50 per square foot per year. You have just negotiated a lease extension which will raise the rent to $14.00 per square foot for the next 10 years. You believe that you can sell the building now for the same cap rate as when you purchased it. 1) What is your anticipated selling price? 2) If the sales is successful, what is the unleveraged return you achieved on your five year long investment? 3) What was the unleveraged investment multiple? (Ignore taxes and selling costs.)