TIC percentage and value

[Amber Hu]

Hi everyone, I am new here. I am trying to buy a TIC (tenant in common) and I wonder if anyone can share any insights for percentage ownership interest. The TIC is the last unit in the building, but the ownership percentage is only 12.5 percent. Other units sold were 25 percent each. The seller is a developer and he wants to sell this 12.5 percent unit the same price with other 25 percent ones. Agents keep saying percentage does not matter. However it does not feel right to pay the same price for half of the percentage ownership. Plus with 12.5 percent you can't do owner occupy inviction and you are only entitled for any insurance proceeds based on your percentage. Think about in a partnership scenario, your contribution determines your partnership interest. You pay the same price for half interest just does not make sense.