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YONKERS, N.Y. — An affiliate of Mile Square Transportation has acquired an industrial property in Yonkers from Precision Valve Corp. for $10.75 million. Located on more than 8 acres at 700 Nepperhan Ave., the industrial building has served as the corporate headquarters for Precision since 1952, but the company recently relocated to South Carolina. William Cuddy, Jr., and Kevin Langtry of CB Richard Ellis' Westchester, N.Y., office represented Precision in the sale. Bernard Stachel of Tamerlain Realty Corp. represented the buyer.