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Business, 31.12.2019 07:31 dontcareanyonemo

"bob wants to buy a building. he computes the annual noi for the following year to be $275,000. the seller s asking price for the building is $5,000,000. bob finds a similar building nearby which sold for $6,000,000 last year and had an noi of $360,000. if bob thinks the building he wants to buy should sell at the same cap rate as the similar building, how much should bob offer? "

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