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Los Angeles Investor Buys Mixed-Use Property in Knoxville for $9.3 Million

Local Developer Sells 94% Leased Property
The three-building property in Knoxville was 94% occupied at the time of sale. (Stan Johnson Company)
The three-building property in Knoxville was 94% occupied at the time of sale. (Stan Johnson Company)
By Joanna Pagar
CoStar Research
June 3, 2020 | 2:08 P.M.

A Los Angeles-based high net worth investor has purchased two multi-tenant retail buildings and one medical office building situated on a single parcel in Knoxville, Tennessee, from a local developer for $9.25 million, or about $328 per square foot.

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