City Office REIT buys Dallas office property for $28.4M

|About: City Office Reit, Inc. (CIO)|By:, SA News Editor

Lake Vista Point is a 163K square foot property initially built in 2007, and now fully leased to Ally Financial through 2021. The property is expected to generate a NOI yield of 7.8% based on the purchase price and should close next month.

CIO +1.4%