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A non-performing loan on Largo's Pine Ridge Business Center was sold for $1.29 million in an online auction conducted by Auction.com.
The non-performing first lien mortgage is secured by a $2.82 million lien against Pine Ridge Business Center. The property is a 3.03-acre parcel of land with a 40,251-square-foot one-story office/warehouse building at 2200 Tall Pines Drive, Largo. The property consists of eight units.
Auction.com says that tenants at the center will not be adversely affected by the debit sale.
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