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ELKHART, IND. — Marcus & Millichap has completed the sale of a 156,800-square-foot industrial building located in Elkhart. The single-tenant property is currently leased to Pioneer Plastics. Mike Albright and Michael Wernke of Marcus & Millichap’s Chicago office, along with John Godwin of the firm’s Detroit office, represented the seller, an Indiana-based developer. The property was acquired by a California-based private family trust completing a 1031 exchange. The property listed for $5.32 million, representing an 8.5 percent cap rate.