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...

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Answer 1

Answer #1

Gross rent = 22,000* 20 = 440,000

Property value = 2,600,000

Gross rent multiplier = 2,600,000 /440,000 = 5.91

Option 5.91

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Answer 2

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Add Answer to: 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...

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