TIC deal sealed in Ohio

Double-digit vacant rate reported at closing

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Tenant-in-common investors paid an undisclosed amount for a three-story, class A office building in Dublin, Ohio. Upper Metro LLC sold the property, 5200 Upper Metro Place, which comprises more than 96,000 rentable square feet on nearly eight acres. Built in 1999, the property was 90 percent leased at the time of sale to tenants that included Smith's Medical and CoreSource Inc. An on-site surface parking lot provides space for 433 vehicles, representing a ratio of 4.4 parking spaces per 1,000 square feet of rentable space. *** What's your opinion? Leave your comments below or send a letter to the editor. ...