Quote:
Originally Posted by OKTX
$36 NNN is about right for downtown class A. But operating expenses are about $20-25/ft because of our insane property taxes so they are paying closer to $56-$61/ft gross.
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I'm assuming operating costs are utilities and perhaps maintenance fees, then you have payroll, advertising, and because you might go broke in the meantime, furniture rental because you'll just want to give that back when you go under.