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Business, 10.05.2021 23:00 britann4256

Use the information provided below to calculate the year 2 effective gross income for the property that has been described. Property Type: Office Leasable Space: 100,000 square feet Average Rent: $20 per square foot per year Annual Rent Growth: 2% Other Income: $1.50 per square foot per year Annual Other Income Growth: 4% Vacancy and Collection Losses: 15% of potential gross income Operating Expenses: 45% of effective gross income Capital Expenditures: 5% of effective gross income

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