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City of Industry Sells Land for Future Development

RY Properties Pays $16 Million for 18.5 Acres

Plat map of the subject property. Image: CoStar
Plat map of the subject property. Image: CoStar

RY Properties Inc. acquired 19.2 gross acres (18.5 usable acres) at the northeast corner of South Gale Avenue and South Azusa Avenue in City of Industry, California, for $16 million, or about $865,000 per net acre, from the City of Industry.

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