A 40,000 SF office property has reimbursable operating expenses of $240 full service gross lease on 8,000 SF at $18.50 per foot with a $2.00 expense stop. What is their effective rent? O $20.50 O $21.00 O $21.50 $22.00 O $22.50

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
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A 40,000 SF office property has reimbursable operating expenses of $240,000. One tenant, has a
full service gross lease on 8,000 SF at $18.50 per foot with a $2.00 expense stop. What is their
effective rent?
O $20.50
O $21.00
O $21.50
O $22.00
O $22.50
Transcribed Image Text:A 40,000 SF office property has reimbursable operating expenses of $240,000. One tenant, has a full service gross lease on 8,000 SF at $18.50 per foot with a $2.00 expense stop. What is their effective rent? O $20.50 O $21.00 O $21.50 O $22.00 O $22.50
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