Consider a property totaling 375,000 sf with operating expenses of $9,750,000 and the following rent...
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Accounting
Consider a property totaling 375,000 sf with operating expenses of $9,750,000 and the following rent schedule: sf Tenant A Base Rent psf $ 85.00 200,000 100,000 $ 95.00 Tenant B Tenant C Total SF TA $ 100.00 75,000 375,000 What is the potential base rent for the property if Tenant C renews effective 7/1 at a new market rate of $95.00 psf? $34M $30.25M $33.81M none of the choices are correct
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