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A property owner is offering án office building in a prime location for sale at $12,500,000

Finance

A property owner is offering án office building in a prime location for sale at $12,500,000. According to the property's financial records, it generates an Effective Gross income (EGI) of $1,750,000 and a Net Operating Income (NOI) of $1,050,000. Cap rates (k) for this property type and location are 10%. Based on this information alone, what is a reasonable asking price for the property?

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3.87 USD

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