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Hercules Industrial Park Properties Sold

Investors Traded 442,000 SF of Industrial Space for $8.67 Million
By Jim Worth
December 28, 2007 | 4:18 P.M.

As the lead partner, 1803 Statesville Avenue LLC sold three properties in Hercules Industrial Park in Charlotte, NC, to MV Hercules LLC. The transaction closed in late October at a total price of $8.67 million, or approximately $19.50 per square foot, at a 5.7% capitalization rate.

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