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Investor Acquires NNN Retail Investment

Marketplace On Grove Bldg Sells at 7.35% CAP
By Sheren Mero
May 25, 2011 | 4:29 P.M.

Crystal Cal No. 1 LLC purchased the retail property at 2200 S. Grove Ave. in Ontario, CA from NMC Grove Ontario SB, LLC. The triple-net investment sale closed with a 7.35-percent cap rate. The deal was also the buyer’s upleg in a 1031-exchange.

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