REE 4143 FSU Exam 2 quiz bank - argus With 100% Verified Solutions

REE 4143 FSU Exam 2 quiz bank - argus With 100% Verified Solutions In a ___, tenants pay all of the taxes, insurance, maintenance and repairs. gross lease net net lease triple net lease net lease - ANSWER triple net lease Property Information: Property Type: Office Property Name: Gilbert Center Analysis Start Date: January 2018 Years: 5 Tenant Information: Tenant Name: Benet Industries Lease Type: Office Area: 50,000 square feet (SF) Available: Specific Date Available Date: January 2018 Start: Available Date Term/Expire: 3/0 Base Rent: $22.00 / SF / Year Upon Expiration: Renew Market Inflation: The inflation month will be the Analysis Date General inflation: 3% every year Market inflation: 4% every year Expense inflation: 3.5% every year Market Leasing Profile: Category: Office Profile New Base Rent: $22.00 / SF / Year; Market Inflation Rate Renew Base Rent: $20.50 / SF / Year; Market Inflation Rate Question: What is Total Rental Revenue in Year 4? - ANSWER Renewal Base Rent in Year 4 = Renewal Base Rent in Year 1 x (1+market inflation)^3 = 20.50 x 1.04^3 = 23.06 Total Rental Revenue in Year 4 = 23.06 x 50,000 = 1,152,986 In a ___, tenants pay both taxes and insurance. triple net lease gross lease net lease net-net lease - ANSWER net-net lease There is a single-tenant property with 10,000 rentable square feet. The lease specifies a base rent of $30 per square foot. If there is a concession of two-month free rent, what is the total rental revenue in year 1? none of the above $300,000 $50,000 250,000 - ANSWER 250,000 Property Information: Property Type: Office Property Name: Gilbert Center Analysis Start Date: January 2018 Years: 5 Tenant Information: Tenant Name: Benet Industries Lease Type: Office Area: 50,000 square feet (SF) Available: Specific Date Available Date: January 2018 Start: Available Date Term/Expire: 3/0 Base Rent: $22.00 / SF / Year Market Inflation: The inflation month will be the Analysis Date General inflation: 3% every year Market inflation: 4% every year Expense inflation: 3.5% every year Market Leasing Profile: Category: Office Profile Renewal %: 75% New Base Rent: $22.00 / SF / Year; Market Inflation Rate Renew Base Rent: $20.50 / SF / Year; Market Inflation Rate Question: What is Market Base Rent (Blended, $ / SF/ Year) in Year 1? - ANSWER 20.88 Gross building area = 24,000 . A single tenant occupies an area of 20,000 . Utility cost = $1.25 per square foot per year based on gross building area Property tax in year 1 is $11,900. Property tax is 100% Fixed. What is the amount of expense recoveries for property tax in year 1 if you set "recovery structure" as "Base Year Stop" in ARGUS? 0 Gross building area = 24,000 . A single tenant occupies an area of 20,000 . Utility cost = $1.25 per square foot per year based on gross building area Property tax in year 1 is $11,900. Property tax is 100% Fixed. What is the amount of expense recoveries for property tax in year 1 if you set "recovery structure" as "Net" in ARGUS? 11,900 9,917 0 none of the above - ANSWER 9,917 Property Information: Property Type: Office Property Name: Gilbert Center Analysis Start Date: January 2018 Years: 5 Tenant Information: Tenant Name: Benet Industries Lease Type: Office Area: 50,000 square feet (SF) Available: Specific Date Available Date: January 2018