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Virginia Beach Applebee's Sells for $2.08M

Marcus & Millichap Brokers Sale of Restaurant
By Anita Cousar-Duley
March 25, 2009 | 1:28 P.M.

DBAPPLEF LLC sold the Virginia Beach retail building at 561 First Colonial Road to Appledoc LLC for $2.08 million, or approximately $496 per square foot, with a capitalization rate of 8.31%.

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