10 pts Suppose that a developer has total costs of $14.5 mlion to construct a...

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10 pts Suppose that a developer has total costs of $14.5 mlion to construct a center. Publix leases 45,000 SF at $12 per SF, while the rest of the shop space (40,000 SF) leases at $23 per SF. Assume that all expenses are reimbursed, and that rent effectively equals NOL. What is the yield on cost? That is, at what approximate cap rate would the developer break even? shopping aas% 9.13% 9.42% 9.73% 10.07% 100% 10 pts DQuestion 6 construct a retail shopping center, with If the developer is able to sell at a 7% cap rate, what is the that a stabilized first-year NOI of $1,350,000. profit on this deal? $2,500,000 O $3,120,690 O $3,785,714 O $4,500,000 O $5,269,231

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