Question

Question 10 10pts Consider a 27,000 SF shopping center where all tenants pay $20 per square foot, triple-net Reimbursable operating expenses are $90,000 and non-reimbursable operating expenses are only a management fee that is 3.0% of PGI. Based on these assumptions, how much would the investor pay (net) for operating expenses? $18,900 $15,750 13,500 $9,450 $22,050

Answer 1

Rent paid = 27,000 * $20 = 540,000

Non reimbursable expenses = (540,000- 90000) * 3% = 13500

Option $ 13500