Homework Answers
Effective Rent = Base Rent + Rent Step + Operating Expenses - Expense Stop
Effective Rent = 16 + 2 + 6.60 - 5.20
Effective Rent = $19.40 Option B
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Question 3 10 pts H&R Block rents 3,000 square feet of an office building. Their lease...
Question 4 10 pts Consider a 24,000 square feet office building that rents for $20 a...
Question 4 10 pts Consider a 24,000 square feet office building that rents for $20 a foot, has a 5% vacancy rate, and operating expenses at 35% of EGI. What is NOI in year 1? $296,400 $266,760 $287,280 $319,200 $326,040 D Question 5 10 pts MacBook Pro.
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%...
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 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 8 10 pts Suppose that your 12,000 SF building was leased for $10 per square...
Question 8 10 pts Suppose that your 12,000 SF building was leased for $10 per square foot two years ago on a five-year lease (i.e. three years remaining). Your tenant wants to negotiate a buyout (.e., get out of the lease) but comparable space is now renting for only $8 per square foot. At what price should you allow the existing tenant to buyout the lease if your discount rate is 12%? e $57.644 $59,684 $61,850 $64,152 $66,602 10 pts
3. (30 points) property owner is considering 2 alternatives for leasing space in his office building...
3. (30 points) property owner is considering 2 alternatives for leasing space in his office building for the next three years The first alternative is a not lease agreement of S14 per square foot during the first year with $2.00 step provisions each of the following year. The lense is net and yearly expenses per square foot are as follows: $6.00, 56,65, and $7.05. As this is a netlease, the tenant will pay all expenses. If the lease term is...
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 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 6 10 pts A major retail company plans to build 30,000 square building that would...
Question 6 10 pts A major retail company plans to build 30,000 square building that would cost $8 million to develop. It is expected to lease for $22 per foot (absolute net) with $5 per foot in operating expenses. If the company develops the property and does a sale-leaseback, what price will they get if the property is sold at a 6% cap rate? O $9,777,778 o$ 10,153,846 $ 10,560,000 $ 11,000,000 $ 11,478,261 10 pts
Question 4 10 pts Consider a 24,000 square feet office building that rents for $20 a foot, has a 5% vacancy rate, and operating expenses at 35% of EGI. What is NOI in year 1? $296,400 $266,760 $287,280 $319,200 $326,040 D Question 5 10 pts MacBook Pro.
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 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 8 10 pts Suppose that your 12,000 SF building was leased for $10 per square foot two years ago on a five-year lease (i.e. three years remaining). Your tenant wants to negotiate a buyout (.e., get out of the lease) but comparable space is now renting for only $8 per square foot. At what price should you allow the existing tenant to buyout the lease if your discount rate is 12%? e $57.644 $59,684 $61,850 $64,152 $66,602 10 pts
3. (30 points) property owner is considering 2 alternatives for leasing space in his office building for the next three years The first alternative is a not lease agreement of S14 per square foot during the first year with $2.00 step provisions each of the following year. The lense is net and yearly expenses per square foot are as follows: $6.00, 56,65, and $7.05. As this is a netlease, the tenant will pay all expenses. If the lease term is...
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 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 6 10 pts A major retail company plans to build 30,000 square building that would cost $8 million to develop. It is expected to lease for $22 per foot (absolute net) with $5 per foot in operating expenses. If the company develops the property and does a sale-leaseback, what price will they get if the property is sold at a 6% cap rate? O $9,777,778 o$ 10,153,846 $ 10,560,000 $ 11,000,000 $ 11,478,261 10 pts
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