Homework Answers
| Square feet rented = Total square feet available * ( 1 - Vacancy % ) = 24000 * ( 1 - 5% ) | 22800 |
| Effective gross income ( 22800 * 20 ) | 456000 |
| (-) Operating expense @ 35% | 159600 |
| NOI | 296400 |
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Question 4 10 pts Consider a 24,000 square feet office building that rents for $20 a...
Question 9 10 pts A 22,000 square foot building sold for $2.6 million. The property rents...
Question 9 10 pts A 22,000 square foot building sold for $2.6 million. The property rents for $17 a foot with a 3% annual rent increase, 5% vacancy rate, and operating expenses at 32% of EGI. What is the gross rent multiplier? 5.42 5.91 6.95 6.12 5.78 MacBook Pro
Question 5 10 pts An investor is considering the purchase of an office building for $2.5...
Question 5 10 pts An investor is considering the purchase of an office building for $2.5 million. The 20,000 square foot property rents for $20 a foot with a 5% vacancy rate, and operating expenses at 30% of EGI. What is the (going-in) cap rate? 8.23% 9.75% 8.91% 10.64% 9.57% 10 pts
Question 5 10 pts An investor is considering the purchase of an office building for $2.5...
Question 5 10 pts An investor is considering the purchase of an office building for $2.5 million. The 18,000 square foot property rents for $20 a foot with a 5% vacancy rate, and operating expenses at 30% of EGI. What is the cap rate? 8.23% 9.75% 8.91% 10.64% 9.57%
Question 9 10pts A 22,000 square foot building sold for $2.6 million. The property rents for $20 a foot with a 3% a...
Question 9 10pts A 22,000 square foot building sold for $2.6 million. The property rents for $20 a foot with a 3% annual rent increase, 5% vacancy rate, and operating expenses at 32 % of EGI. What is the gross rent multiplier? O 5.42 5.91 O 6.95 O 6.12 5.78 Question 10 Air
Question 9 10pts A 22,000 square foot building sold for $2.6 million. The property rents for $20 a foot with a 3% annual rent increase, 5% vacancy...
Question 3 10 pts H&R Block rents 3,000 square feet of an office building. Their lease...
Question 3 10 pts H&R Block rents 3,000 square feet of an office building. Their lease started in 2014 at $16.00 per foot, with a $2/SF rent step in 2017. They have a full service gross lease with a $5.20 expense stop. If operating expenses are $6.60 in 2018, what is their effective rent in 2018? O 18.80 19.40 19.80 20.30 20.80 10 p Question 4
Question 3 10 pts H&R Block rents 3,000 square feet of an office building....
You want to purchase an office building in Brooklyn. The property contains 27,500 square feet of...
You want to purchase an office building in Brooklyn. The property contains 27,500 square feet of rentable space and is currently occupied by multiple tenants each with differing maturities on their respective leases. No lease is currently shorter than 1 year. The annual rent in the 1st year of ownership is $42.50/sq ft. The vacancy rate is 6.5%. You expect to incur collection losses (from tenant default)on 1.5% of the square feet during your first year. 1. What is the...
Office building, 3 stories, 3000 square feet (sf) gross interior floor space each, 2 tenants per...
Office building, 3 stories, 3000 square feet (sf) gross interior floor space each, 2 tenants per floor, 1350 sf of the building is used for hallways, common bathrooms, stairs, elevator, and lobby. Owner wants a gross rent of $135,000 per year. A. What is the rent that the Owner should charge per square foot? If Tenant Z rents 1200 sf of usable area, what will be his monthly rent? B. If the building has an operating expense ratio of 28%...
Assume an office building is 80,000 square feet and has two tenants-A for 60,000sf and B...
Assume an office building is 80,000 square feet and has two tenants-A for 60,000sf and B for 20,000sf. A’s base rent is $16.00psf and B’s base rent is $18.00psf. Assume further that the building generates parking income of $200,000 and signage income of $25,000 per year. Operating expenses for the entire building are $9.00psf. What is the Net Operating Income (NOI)?
Assume an office building is 80,000 square feet and has two tenants-A for 50,000sf and B...
Assume an office building is 80,000 square feet and has two tenants-A for 50,000sf and B for 30,000sf. A’s base rent is $16.00psf and B’s base rent is $18.00psf. Assume further that the building generates parking income of $150,000 and signage income of $25,000 per year. Operating expenses for the entire building are $8.00psf. What is the Net Operating Income (NOI)?
Use the following to answer questions 1-5: A local 20,000 square foot retail building is 100%...
Use the following to answer questions 1-5: A local 20,000 square foot retail building is 100% occupied by a single tenant. The lease started last week and continues for 10 years. The rent is $7.00 per square foot per year. The landlord pays all the expenses associated with the building. The expenses total $2.00 per square foot per year, and we have determined that they are market-oriented. From a market survey, it is our opinion that 5% is a reasonable...
Question 9 10 pts A 22,000 square foot building sold for $2.6 million. The property rents for $17 a foot with a 3% annual rent increase, 5% vacancy rate, and operating expenses at 32% of EGI. What is the gross rent multiplier? 5.42 5.91 6.95 6.12 5.78 MacBook Pro
Question 5 10 pts An investor is considering the purchase of an office building for $2.5 million. The 20,000 square foot property rents for $20 a foot with a 5% vacancy rate, and operating expenses at 30% of EGI. What is the (going-in) cap rate? 8.23% 9.75% 8.91% 10.64% 9.57% 10 pts
Question 5 10 pts An investor is considering the purchase of an office building for $2.5 million. The 18,000 square foot property rents for $20 a foot with a 5% vacancy rate, and operating expenses at 30% of EGI. What is the cap rate? 8.23% 9.75% 8.91% 10.64% 9.57%
Question 9 10pts A 22,000 square foot building sold for $2.6 million. The property rents for $20 a foot with a 3% annual rent increase, 5% vacancy rate, and operating expenses at 32 % of EGI. What is the gross rent multiplier? O 5.42 5.91 O 6.95 O 6.12 5.78 Question 10 Air
Question 9 10pts A 22,000 square foot building sold for $2.6 million. The property rents for $20 a foot with a 3% annual rent increase, 5% vacancy...
Question 3 10 pts H&R Block rents 3,000 square feet of an office building. Their lease started in 2014 at $16.00 per foot, with a $2/SF rent step in 2017. They have a full service gross lease with a $5.20 expense stop. If operating expenses are $6.60 in 2018, what is their effective rent in 2018? O 18.80 19.40 19.80 20.30 20.80 10 p Question 4
Question 3 10 pts H&R Block rents 3,000 square feet of an office building....
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