City office reit announces sale of lake vista pointe property for $43.8 million

Vancouver , june 15, 2022 /prnewswire/ -- city office reit, inc. (nyse: cio) ("city office" or the "company") announced today that it has completed the previously announced sale of its lake vista pointe property in dallas, texas for a gross sale price of $43.8 million inclusive of certain transaction costs that the buyer is responsible for paying. the disposition represents a gain on sale of $22 million and translates to a 6.1% cash capitalization rate, including an adjustment for an unfunded tenant improvement allowance.
CIO Ratings Summary
CIO Quant Ranking