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Showing posts with label distressed-properties. Show all posts
Showing posts with label distressed-properties. Show all posts

Monday, July 3, 2017

Commercial Property in Jupiter Florida

 

This Palm Beach County Industrial Property is Off-Market. 

Contact information below for similar Active Commercial Properties For Sale in Florida. 

O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com

Jupiter Office Warehouse Manufacturing Facility SOLD

Industrial Property SOLD

Price: $ 3,450,000 estimate
Building Size:
32,500 SF
Price per SF:
$101.54
Property Type:
Industrial
Property Sub-type:
Manufacturing
Property Use Type:
Vacant - Owner-User
Year Built:
1988
Clear Ceiling Height:
24 ft.
Lot Size:
3.90 AC

Highlights of Florida Investment Property

  • Heavy Power - 3,000 amps, 3 Phase, 480 Volt
  • 24' Clear Ceiling Height
  • Former FDA Approved Facility
  • Commercial Kitchen
  • Air Conditioned Warehouse
  • Outside Storage - Covered and Uncovered

Description of Jupiter Office Warehouse Manufacturing Facility

This unique property features approximately 32,500 SF on 3.94 acres. The structure is a formerly FDA approved facility, and features a commercial kitchen, 24' clear ceiling height, heavy power, air conditioned warehouse space, floor drains throughout, and walk-in cooler as well. With an efficient manufacturing design flow and dedicated warehouse space, the space can be easily reconfigured for various uses including R&D. The +/- 2,000 SF office was renovated in 2007.

Security system and cameras throughout the facility. Exterior features include 50 parking spaces, a covered staging area - storage area, two (2) dock height truck wells, a private fenced yard with a powered gate. Onsite property management and patrolled by the PB Sheriff's Office. There is sufficient space for trailer parking. This Commercial Real Estate Listing is situated in Palm Beach County, Florida. The property is located at the Florida Research Park.

The Park is situated on the Beeline Highway between PGA Blvd and Indiantown Rd. With over 1270 acres, the park is home to Walgreen's and GM distribution centers and also several light industrial manufacturers and distributors. The Florida Turnpike, I-95, the Port of Palm Beach and the Palm Beach International Airport are only minutes away.  

15300 Park of Commerce Boulevard, Jupiter, Florida 33478 (Palm Beach County)

Listing information courtesy of S&K Worldwide Realty, LLC. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.
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Thursday, June 29, 2017

Multifamily Property in Palm Beach Florida

 

These Palm Beach County Apartments are Off-Market. 

Contact us for similar Commercial Properties For Sale in Florida. 

O’Reilly Commercial Realty LLC 

Patrick O’Reilly Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com

Multifamily Investment SOLD in Palm Beach

Price $3,200,000 estimated FL Zip Code 33480
Number of Units 8 Cap Rate 4.12%
Building Size 5,980 SF Occupancy 100%
Price per Unit $400,000 estimate No. Stories 2
Property Type Multifamily Year Built 1926
Property Sub-type Garden - Low-Rise APN / Parcel ID 5043431505000060
Property Use Type Investment

Description of Apartment Building For Sale

This is an amazing opportunity with this historically designated Palm Beach Island Investment opportunity. This is an 8 Unit Multi Family 2 story apartment building. This is a great location in the Palm Beach area; walking distance to the beach, Publix, world class shopping and the one of a kind Palm Beach Lifestyle! This is a rare investment chance to get a Multi-Family Property with the 33480 Zip Code of Palm Beach Florida.

Highlights of this Palm Beach Apartment Property

  • 8 Spacious units all 1Bd/ 1Bth some with extra areas.
  • 3 units are currently used as Corporate housing.
  • If rented, the gross rent would be $157,200

Unit Mix Information for Multifamily Property Investment

Description No. Units Avg. Mo. Rent Sq. Ft.
1Bd/ 1Bth 8 $1,600 7,475

Palm Beach Apartment Building Financial Summary (Estimated)

Year 2015 Operating Expenses $25,198 estimate
Scheduled Gross Income $157,200 Net Operating Income $132,002


253 Oleander Avenue, Palm Beach, Florida 33480 (Palm Beach County)

Listing information courtesy of Keller Williams Miami Beach Realty. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.
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Wednesday, June 28, 2017

Multifamily Investment Property in Tampa - Hillsborough County

 

These Tampa Bay Apartments are Off-Market. 

Contact us for similar Commercial Properties For Sale in Florida. 

O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com

4201 West North A Street Tampa, FL - Apartment Building SOLD

SOLD -Westshore Gardens Apartment Building

Price $1,300,000 estimate Property Sub-type Garden - Low-Rise
No. Units 14 Property Use Type Investment
Building Size 10,100 SF Cap Rate 7.5% estimate
Price per Unit $92,857 estimate Year Built 1925
Property Type Multifamily

Description of Tampa Florida Multifamily Property Listing

Westshore Gardens Apartments is a 14-unit multifamily community located in Tampa, Florida which is in Hillsborough County. The investment property consists of one, two-story residential building. The building is comprised of (14) two-bedroom/one-bathroom units with 750-900 rentable square feet. Amenities include an on-site laundry facility.

The property sits on an 0.33 +/- acre parcel of land and all of the units have individual air-conditioning. Water, sewer, trash and pest control are included in the rent. Residents are responsible for their own electric, gas, cable and telephone. The interior of the units were upgraded with hardwood flooring, marble countertops, beautiful stainless steel appliances and modern light fixtures. The apartment building which is for sale was repainted and the majority of the individual air-conditioning units were replaced. Westshore Gardens Apartments is located on North A Street and North Lois Avenue. North Lois Avenue runs directly into major Tampa employers including T. Rowe Price and Price Waterhouse Coopers just 5 minutes to the north.

North Lois Avenue also ends at International Plaza and Bay Street also just 5 minutes north. Westshore Gardens is also just one block from Kennedy Boulevard. Kennedy Boulevard is a major retail corridor in Tampa, which provides convenient access to Westshore Plaza to the west and University of Tampa, Hyde Park and Downtown Tampa to the east. Just 2 minutes to the east of Westshore Gardens is Dale Mabry Highway.

Dale Mabry Highway is a major north - south highway that has a few nationally recognized items of interest, including Raymond James Stadium home of the Tampa Bay Buccaneers and George M. Steinbrenner Field, home of the New York Yankees spring training camp. Dale Mabry also provides access to the MacDill Air Force Base and Interstate 275, a major north - south interstate which provides easy access to downtown Tampa, the Tampa International Airport, all business centers and other points of interest in the Tampa Bay Area.

Highlights of Multifamily Investment Propert

  • Spacious Two-Bedroom/One- Bathroom Units Ranging from 750-900 Rentable Square Feet
  • Upgraded Unit Interiors with Hardwood Flooring, Stainless Steel Appliances, Marble Countertops and Hardwood Cabinetry
  • Located within Westshore Business District with Over 100,000 Employees
  • Close Proximity to Interstate 275 and Veteran's Expressway
  • Easy Access to Downtown Tampa, Hyde Park and Tampa International Airport
  • Within a Twenty Minute Commute of the Gateway and Carillon Business Districts

Financial Summary for the Tampa Listing - estimated when sold

Net Operating Income $98,000 Estimated

4201 West North A Street, Tampa, Florida 33609 (Hillsborough County)

Listing information was courtesy of Marcus & Millichap. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

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Tuesday, June 27, 2017

Fort Myers Investment Property on Tamiami Trail

 

This Fort Myers Retail Property is Off-Market. 

Contact O’Reilly Commercial Realty LLC for similar Commercial Properties For Sale in Florida. 

O’Reilly Commercial Realty LLC 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com 

Contact: Patrick O’Reilly

Soapy Suds Car Wash & Valvoline Oil Change on S 41
Price $5,500,000 estimated Commercial Property Florida
Building Size 4,984 SF Cap Rate 4.20%
Price per SF $1,103.53 Tenancy Single
Property Type Retail Lot Size 1.02 AC
Property Sub-type Vehicle Related APN / Parcel ID 23-45-24-00-00002.0060
Property Use Type Investment

Description of Fort Myers Investment Property

290' on Tamiami Trail in S Fort Myers with a daily traffic count of 55,000. Valvoline Instant Oil Change leases 1,698 sq. ft. containing 3 bays. Lease expires 8/2018 with a 5 yr option. Reportedly one of the top producing Valvoline locations. At retail center with Costco, Home Goods, TG Max and Office Max. 2 laser automatic car wash bays and 5 self serve bays operated by property owner since 1997. Well maintained in very good condition. Good records maintained. Fast growing south Fort Myers location surrounded by extensive retail, commercial and residential communities. A great location to buy Florida Commercial Properties.

Florida Commercial Property Financial Summary (Actual)

Net Operating Income $231,000 is an estimate


13730 Tamiami Trail, Fort Myers, Florida 33912 (Lee County)

Listing information courtesy of LandQwest Commercial. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase. If you have an investment management firm, REIT or you are a private investor then check out our website for the latest Florida Commercial Property Listings.


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Thursday, June 15, 2017

Commercial Property in Jennings Florida (Hamilton County)

 

This Hamilton County Retail Property is Off-Market. 

Contact us for similar Commercial Properties For Sale in Florida. 

 O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com

 

Family Dollar

Property Price $1,855,000 Cap Rate 5.50%
Building Size 8,320 SF Occupancy 100%
Price per SF $222.96 No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Building Year Built 2015
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.28 AC
 

Jennings Florida Investment Property Description

One of the nation' s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. JENNINGS is a town in Hamilton County, Florida, conveniently located less than 30 minutes from Valdosta, Georgia and only about an hour and a half from Jacksonville, Gainesville and Tallahassee. Orlando, Daytona, St. Augustine and Tampa are all under a three hour drive away. Unlike the stereotypical Florida, Hamilton County is full of green pastures, cornfields, horse farms and two lane roads.

Highlights of Hamilton County Commercial Real Estate

  • Family Dollar Corporate Guarantee
  • Absolute NNN Lease - No Landlord Responsibilities
  • Florida has No State Income Tax
  • 15 Year Term

Financial Summary (Actual)

Net Operating Income for Investment Property $102,025

Major Tenant Information

Tenant SF Occupied Lease End Date
Family Dollar 8,320 6/1/2031
    1177 Plum Street, Jennings, FL 32053 (Hamilton County)

 Listing information courtesy of Calkain Companies, a commercial real estate company. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.


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Tuesday, July 31, 2012

Distressed Commercial Mortgages Purchased by Investors

Miami Beach, Florida - The commercial real estate news today centers around distressed properties and distressed commercial mortgages. Recently a private investment firm which invest in and purchases distressed commercial mortgages. This private investment company specializes in buying distressed commercial real estate also. This Investment Company bought the $33.4 million debt in residential and commercial mortgages. These mortgages are all around Palm Beach County, Broward County as well as the Miami - Dade area. The Cheap Miami Car Insurance agency works these areas of Florida proving quotes with no obligations.

Buying Distressed Commercial Real Estate Debt

The investment company is RER Equities. They acquired the 51 mortgage notes from EuroBank, which is a Coral Gables based subsidiary of Banco do Brasil. RER Equities Inc. has a Company Profile which shows them headquartered in Herndon, Virginia. This prime office is in a DC suburb, and has offices in Coral Gables, Florida. RER Equities, Inc. has been acquiring distressed commercial real estate related loans throughout the eastern United States since its inception in 1989. This investment company is a member of the RER Financial Group, LLC, which is a nationwide financial services firm.

Distressed Commercial Real Estate Investments

This was a cash deal and was accomplished in only 30 days. This package of mortgage debt consists of homes, offices, warehouses, shops in addition to gas stations. Some non-performing mortgages will likely be liquidated through deeds in lieu of foreclosure. Some of the specific deals might receive loan modifications or discounted payoffs. The Company has mentioned that if the property is perceived as operating with good integrity, they might work a deal out with them.

Regulators Pressure Florida Banks

This RER investment company is looking to purchase other bank portfolios in Florida. They believe this South Florida real estate market is improving, and banks are more willing to resolve distressed commercial property mortgage portfolios. Regulators are said to be applying pressure on the banks to dispose of these commercial loans now that they can afford to take the hit.

Since March of 2012, EuroBank had approximately $110 million in assets and 26 percent of its loans were past due. This is with respect to regulatory filings. Earlier this year, federal regulators ordered the bank to repair its existing balance sheet.

Commercial Real Estate Investment Strategy for Regulators

RER Equities, Inc. is a private real estate investment firm that is expanding its real estate asset portfolio with unique acquisition opportunities. RER Equities’ investment philosophy utilizes a strategy which exploits market supply-demand imbalances. The RER investment team is composed of professionals with extensive experience in identifying under-performing assets, plus creating and optimizing the value of those assets as a result of intensive management. This expertise makes it possible for the RER team to generate above-average risk-adjusted returns for their own investors.

History of EuroBank

Back in 1991 a group of American and European Entrepreneurs set out to launch a fine bank. These American and European Entrepreneurs owned proven records of success and leadership in their communities, so they founded EuroBank. Observing at other banks a continuous decline in the quality of service and a general lack of personal attention, this group was alerted to a growing void in the banking industry. Displeased with this downward trend, the Entrepreneurs were feeling compelled to satisfy an emerging community need. This gave rise for the spirit of EuroBank.


Distressed Commercial Real Estate For Sale




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Friday, March 30, 2012

Distressed Commercial Real Estate

Best Buy Closings 2012: Electronics Giant to Close 50 Stores


Electronic retail giant Best Buy announced Thursday that it will close 50 big box stores in the United States and cut as many as 400 jobs at its corporate headquarters in an effort to improve its bottom line.

According to The Christian Science Monitor, Best Buy, once recognized as the discount king of consumer electronics, is caught between high-end brand stores like Apple Stores and low-cost Internet retailers like Amazon.


“Customers have been increasingly migrating online where they often find better deals, forcing Best Buy to figure out a reason why shoppers would need to visit an actual store,” the CSM report stated.

Last year, Best Buy lost a staggering $1.2 billion as it deeply discounted merchandise to keep pace with rivals Amazon and Wal-Mart.

Sue Busch Nehring, a spokeswoman for Best Buy, said the company has not revealed any detail about the locations of the 50 stores it plans to shutter, adding that the retailer will announce the specific store locations and timing for closings “once they are finalized.”

“We are quite deliberate and thoughtful when we make such decisions,” she said in an e-mail message. “We are working to ensure the impact to our employees will be as minimal as possible, while serving all customers in a convenient and satisfying


In light of the job cuts and store closings, Best Buy plans to use the savings — $250 million this year and another $550 million by 2015, according to company projections — to convert its big boxes to smaller “connected stores” which will sell more connections and services with more focus on mobile phones, tablet computers and e-readers.

The company will experiment with the new store models in San Antonio, Texas and St. Paul, Minnesota.

Forbes writes:

“The renovation would reduce store square footage by 20%, and should be finished by next Christmas. These new so-called ‘Connected Stores’ will focus on selling cell phones, tablet computers and e-readers, as well as service plans not offered by Amazon and Wal-Mart. Best Buy employees in these new stores are expected to show customers how to connect electronics in the home.”

According to the IBTimes, Best Buy shares dropped 14.8 percent in the past year, wiping out about $4 billion in market cap. In that same span of time, the S&P 500 index was up 6.4 percent.

With news of the Best Buy store closings, the company’s stock fell nearly 7 percent, or $1.85, to close Thursday at $24.77.

By Michael Söze




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Tuesday, November 1, 2011

Distressed Commercial Properties and Orange County Retail

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Anaheim, California – Our Net Lease Properties news for the week is on Distressed Commercial Properties. The areas of Orange County California and, Florida have been in the Distressed Commercial Real Estate news as of late. There are some NNN Commercial Real Estate Investors who are sitting on the sidelines waiting for that perfect Net Leased property. However we see some of the Triple Net Lease Property Investors jumping on Distressed Commercial Real Estate For Sale. We have an example with a recent Distressed Commercial Property transaction, The Towers at Bella Terra.

Distressed Commercial Properties in Orange County California

The buyers of the valuable Orange County Distressed Commercial Property was Lincoln Property Co. and GEM Realty Capital Inc. for a joint venture. The Partnership of Commercial Real Estate Investors paid $76 million for the Distressed Commercial Property. This was amongst the most significant receivership sales to close recently in Orange County and in the United States. This Distressed Commercial property was obtained at under 49% of the prior sales price. This was an advantage for these Commercial Real estate Investors to invest in Class A office space in Orange County and Huntington Beach. The previous Commercial Property Loan was over 25% higher than the purchase price of the Distresses Real Estate.

Turn Distressed Commercial Properties into Profitable Net Lease Properties Asset

The Distressed Commercial Properties new Investors have been talking about starting a re-branding campaign of this Net Lease Property. The Distressed Commercial Real Estate Investors plan to immediately begin acquiring new net leases on the empty spaces and to market the Property extensively. The Distressed Commercial Property will receive some renovation and landscaping improvements. The Distressed Commercial Properties Investors have already entered into to negotiations with numerous net lease property Tenants. the Beverly Hills Life Insurance Company is considering expanding in this area.

Retail and Office Distressed Commercial Real Estate For Sale

This Distressed Commercial Property is located at 7777 Edinger Avenue in beautiful Huntington Beach. The Distressed Commercial Real Estate has the California Zip Code of 92647. The Property is known as The Towers at Bella Terra. This Distressed Commercial Real Estate Development is comprised of two, six-story office buildings, a twelve-story office tower as well as two independent retail pads for net lease properties Tenants. This impressive Distressed Commercial Real Estate development is off the San Diego Freeway (The 405) at Beach Boulevard.

Net Lease Properties Tenants in Orange County

The Distressed Commercial Properties are made up of some Buildings which were constructed as recently as 2007. The Net Lease Properties Tenants in these retail pads include Buca Di Beppo and a 24 Hour Fitness, two of the NNN Commercial Real Estate staff favorites. The net lease property tenant, 24 Hour Fitness, currently net leases approximately 35,957 square feet of space. These Distressed Commercial Properties sit on about nine acres of Huntington Beach property in Orange County. The Office net lease property Tenants are able to dine and shop at this Distressed Commercial Property and closely located Establishments.

Nearby Net Lease Properties Tenants:

Buca di Beppo
California Pizza Kitchen
Corner Bakery
Daphne's Greek Cafe
For Goodness Cakes
Jamba Juice
Johnny Rockets
Kabuki Japanese Restaurant
King's Fish House
Peet's Coffee & Tea
Pei Wei Asian Diner
Pinkberry
Pizzarito
Rockin' Baja Lobster
Rocky Mountain Chocolate Factory
Romano's Macaroni Grill
See's Candies
Starbucks
The Cheesecake Factory
Whole Foods Market

Contact for Florida Commercial Properties:

O’Reilly Commercial Realty LLC 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com 

Contact: Patrick O’Reilly





Distressed Commercial Properties For Sale



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Friday, October 21, 2011

Distressed Commercial Real Estate For Sale

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Contact us for Distressed Commercial Properties & Foreclosures For Sale in Florida.

O’Reilly Commercial Realty LLC 

Patrick O’Reilly 

Phone: (352) 237-2222 

Email: OreillyCommercialRE@gmail.com



Coral Gables, Florida - The financial experts keep throwing around the topic of an impending recession. Meanwhile many NNN Commercial Property Investors want to build their Commercial Real Estate Portfolio. What is wrong with integrating some distressed commercial properties into your investment platform if the NOI can be worked out? We have numerous distressed commercial properties and Investors seeking Joint Ventures with distressed commercial real estate acquisitions and development. The opportunities vary as well as realizing that there are funds which are earmarked for distressed commercial properties.

Distressed Commercial Properties with Commercial Financing

Some of the largest NNN Commercial Property Investors have requested Properties in the Distressed Commercial Real Estate industry. They are prepared to take advantage of the slumping economy and build their Commercial Real Estate Portfolio. Given the Financing options on some of these Distressed Commercial Properties, it is not hard to fathom taking the leap. The NNN Commercial Real Estate staff realizes that Commercial Real estate Investments, whether Net Lease Properties or Distressed Properties, go hand in hand with a Life Insurance policy.

Private Equity Jumping Into Distressed Commercial Real Estate

Industry professionals comment that private equity firms have long been interested in various commercial real estate investments so why not Distressed Commercial Properties. NNN Commercial Properties Portfolios have been snatched up by Private Equity Groups. The average Cap Rate on Net Lease Properties might not be attractive for some Investors therefore Distressed Commercial properties may offer more zing. These Private Equity Groups have also shown interest in the Commercial Loan and Financing area of Distressed Commercial Properties.

Turning Distressed Properties Into Profit Bearing Assets

The experienced NNN Lease Property Investor can see methods to turn a Distresses Commercial property around. The NNN Property Investor with funding can realize a few minimal improvements to turn Distressed Commercial Property into assets that are producing profits. We see NNN Lease Property Investors obtaining Commercial Real Estate while investing a fraction of what that Property originally was purchased for.

Distressed Commercial Properties to Build Wealth

We have handled numerous commercial properties which are widely recognized distressed investments in the Country. NNN Commercial Property Investors can come in, buy a Distressed Commercial property on the cheap and convert the property into a money maker. The Commercial Property Investor can do this with basic initiatives, for example maintenance or marketing of vacant commercial space.

Distressed commercial property opportunities diversify your Net Lease Properties Portfolio. Also contact Professionals at Florida Life Insurance to help with your estate planning involving Commercial Real Estate Investments.


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