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November 10, 2005

ScanlanKemperBard

Portland-based ScanlanKemperBard, a real estate merchant banking company, has acquired the 358,600-square-foot Tustin Business Park in Tustin, Calif., from Calwest Industrial Properties LLC for $27 million. The projected first-year, cash-on-cash cap rate is 8 percent, and the expected return for SKB investors over four to five years is almost 17 percent. The 31.4-acre, 16-building industrial park has a self-storage warehouse and an RV storage facility.




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