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Kragen Auto Parts Bldg. Sells for $2.35M

Investor Acquires Fully Leased Retail Property in Elk Grove
By Mark Panganiban
January 29, 2008 | 4:42 P.M.

Horst Allendorfer purchased the Kragen Auto Parts building at 8416 Elk Grove Florin Road in Elk Grove, CA, for $2.35 million, or about $392 per square foot, at a 5.51% cap rate. The seller was Peninsula Retail Partners LLC.

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