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SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draegerof Colliers International.