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IHOP Bldg. Sells for $1.85 Million

Investor Purchases 5,600-SF Restaurant in Big Bear Lake
By Daniel Sullivan
March 31, 2008 | 12:55 P.M.

The Hadeed Family Living Trust purchased the 5,600-square-foot retail building at 40824 Big Bear Blvd. in Big Bear Lake, CA, from Reycon Plus Inc. for $1.85 million, or approximately $330.50 per square foot. The capitalization rate was 6.49%.

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