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Longview industrial facility sold

​LONGVIEW – A California-based 1031 exchange has purchased a 28,907-sf industrial facility. 

The two-building complex was built in the 1970s and is leased to ADB Cos. and S&B Enginee​rs. 

Oklahoma-based Stan Johnson Co. represented the seller, a private investor. 

The buyer purchased the asset at a 9.3 percent cap rate.

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​Source: REBusiness Online

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