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Cornerstone to Earn Low 5 Cap Rate on San Mateo Purchase

November 26, 20132 Mins read945
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By Jon Peterson Hartford-based Cornerstone Real Estate Advisers has achieved a low five percent cap rate on the purchase of the 180,000 square feet 777 Mariners Island Boulevard office building in San Mateo, according to sources familiar with the transaction. This yield factors in the existing net operating income being produced by the property. [contextly_sidebar […]

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