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Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland...

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Accounting

Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland is considering the purchase of a similar property with an NOI of $2.6 million. image

a. What is the market capitalization rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)

b. What valuation should Centerland assign to the target property? (Round your answer to 2 decimal places.)

Shopping Center Castleton Round Fashion Commons Belden Square NOI $1.6 million $3.2 million $1.8 million Valuation $10.30 million $21.22 million $13.46 million

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