Seeking Alpha

City Office REIT buys Dallas office property for $28.4M

  • 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%
  • Source: Press Release
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