A 126,000 square foot office building in Plano, Texas is fully leased to the Dr. Pepper Snapple Group at a base rent of $2.50 per square foot per month. The building’s expenses total $0.90 per square foot per month and an expense stop in the Dr. Pepper lease is set at $6.00 per square foot per year. What is the annual NOI? a. $3,024,000 b. $3,175,200 c. $3,780,000 d. $2,419,200
A 126,000 square foot office building in Plano, Texas is fully leased to the Dr. Pepper Snapple Group at a base rent of $2.50 per square foot per month. The building’s expenses total $0.90 per square foot per month and an expense stop in the Dr. Pepper lease is set at $6.00 per square foot per year. What is the annual NOI? a. $3,024,000 b. $3,175,200 c. $3,780,000 d. $2,419,200
Related questions
Question
A 126,000 square foot office building in Plano, Texas is fully leased to the Dr. Pepper Snapple Group at a base rent of $2.50 per square foot per month. The building’s expenses total $0.90 per square foot per month and an expense stop in the Dr. Pepper lease is set at $6.00 per square foot per year. What is the annual NOI?
a. $3,024,000
b. $3,175,200
c. $3,780,000
d. $2,419,200
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 1 steps
