Office expenses are 38 per square foot and an expense stop


A 2,154 square foot office space in is leased at $52 square foot. The space is vacant 3 months out of the year. Office expenses are $38 per square foot and an expense stop is set at $20 per square foot. What is the annual net operating income?

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Financial Management: Office expenses are 38 per square foot and an expense stop
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