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  "notes": "Includes handwritten annotations on the deed document.",
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      "text": "Considering the $5M development costs, this would reflect a property value close to $6M, which is significantly lower than the $20.3M price IIPR paid.",
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      "text": "Deed text between TRW Automotive U.S. LLC and MBC Danville, L.P. for $775,000.00",
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      "text": "According to a news article published on 06/21/2017, GTI will spend more than $5M to develop the facility. The article also indicated that the property was previously home to a TRW manufacturing operation that closed in 2004. This is confirmed by the previous warranty deed. We believe that at the time of the TRW and MBC transaction, this was an empty warehouse. Considering the $5M development costs, this would reflect a property value close to $6M, which is significantly lower than the $20.3M price IIPR paid.",
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      "text": "SPECIAL WARRANTY DEED",
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