Ally would like to purchase a shopping center property. She has determined that the current...
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Ally would like to purchase a shopping center property. She has determined that the current market vacancy rate is 6 percent, and that operating expenses will run at about 10 percent of effective gross income. The prevailing market cap rate is 9 percent. The first shopping center she has analyzed has 35,000 square feet which rents at ZAR15.50 per square foot. what is Effective gross income
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