Weltman, Weinberg & Reis Co. Signs 17,875 SF Lease In Dublin, Ohio
5475 Rings Road
Building Size
17,875 SF
Asset Type
Office
Closing
Mar 18, 2024
About this deal
AI
The office space at 5475 Rings Road in Dublin, Ohio, spans 17,875 square feet and was leased to Weltman, Weinberg & Reis Co. The property, known as Atrium II, will be the new location for over 80 employees of the law firm.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Weltman, Weinberg & Reis Co.
- Broker: Clayton Davis - JLL
JLL, represented by Clayton Davis, facilitated the lease agreement for Weltman, Weinberg & Reis Co. The move to Atrium II in Dublin, Ohio, underscores the growing preference among law firms for prime office spaces offering extensive amenities to their teams. The relocation is expected to be completed before September 2024.
Players
Dublin Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93