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A joint venture between affiliates of MCB Real Estate and Blue Vista Capital Management purchased a 12-property portfolio of single-tenant retail buildings located across 10 states for approximately $28.5 million.

The 187,884-square-foot portfolio contains properties ranging from 4,000 square feet to 26,000 square feet. It includes five distinct tenant brands in the aftermarket auto parts, eye care and pet supply sectors, among others. The cap rate for the transaction was not disclosed.

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