Just found this on StateCollege.com.
I have a lot to learn about real estate. Does that mean that 75 or so families kicking in more or less $1,000 apiece could be joint owners of the beginnings of a downtown local food hub? Or would it be $75,000 per year in rent?
Readers confirm the latter interpretation:
Leanne Martin: “That would be $75,000 per year in rent.”
Mark Maloney: “Your calculation on the Allen St. property is correct: 4210 sq feet x $18 per sq ft per year translates to $6,315 per month in rent.”