An industrial warehouse building at 8140 Commercial St. in La Mesa has been sold for $1.2 million. The buyers were Richard R. Collins and Janice E. Collins, trustees of the Collins Family Trust, 8130 Commercial St., La Mesa. The acquisition was financed with a loan of $715,000 from Union Bank. The property is under a June 2011 lease to Collins Plumbing Inc., with Richard Collins president. The property sellers of the (assessor’s parcel 470-061-05) were Daniel R. Fitzgerald and Patricia F. Fitzgerald, trustees of the Daniel R. and Patricia F. Fitzgerald Trust. The building occupies a 13,068-square-foot lot.
— The 3.87-acre parcel at 8842 and 8844 Fanita Drive in Santee 92071, has been sold for $2 million. The seller was Lynn M. Dunn. The buyer of the property (assessor’s parcel 383-121-44 and 63) was Lemon Grove Ultra Mart, Inc., 2913 Stonefield Drive, Jamul 91935. Sam L. Charry is president of Lemon Grove Ultra and Lina S. Charry is secretary.
— The approximately 29,882-square-foot industrial/warehouse building at 10728-10744 Prospect Ave. in Santee, 92071, has been sold for $2.4 million. The buyer was Olivetas Associates LLC, a California limited liability company, 7646 Girard Ave., La Jolla. The seller of the property (assessor’s parcel 384-260-70) was PMP L.P., a California limited partnership, with I.M.A. Daisey Inc. as general partner. Robert Scherer is president of I.M.A. Daisey. The building was constructed in 1986 on a 1.82-acre lot.
— The 15,805-square-foot concrete tilt-up industrial building at 2758 Via Orange Way in Spring Valley has been sold for $1.55 million. The buyer was Marjon Investment LLC, 2630 Wind River Road, El Cajon. The company purchased the property with loans of $781,750 and $613,250 from U.S. Bank and $629,000 from EDF Resource Capital Inc. The sellers of the property (assessor’s parcel 505-640-06) were Ira Andrew Kleiman and Pamela Ann Kleiman, trustees of The Ira A. Kleiman and Pamela A. Kleiman Trust. Ken Ruppert, of Cassidy Turley BRE Commercial, represented the seller, along with Kerry Schimpf and Cameron Czubernat, also with Cassidy Turley BRE. Mick Toller, with Inland Pacific Commercial Properties, and Jason Smithson, with NAI San Diego, represented the buyer. The building was constructed in 1988 on a 1.24-acre, M-52 zoned lot. The property was sold in May 2005 for $1.96 million, with financing of $1.57 million. The new owner, a manufacturer of granite countertops called Marjan Stone Inc., is expanding from its previous 6,000-square-foot rental.
— The 4,000-square-foot industrial building at 317 Cypress Lane in El Cajon has been sold for $900,000. The buyer was The Daniel Miller Family Trust. The seller was Cypress Lane Properties, LLC, which exchanged into the property in May 2011 and then provided seller financing to the current transaction’s buyer. In May, the property was sold for $542,922. Cameron Czubernat and Ken Ruppert, of Cassidy Turley BRE Commercial, represented both the buyer and seller in the transaction. The building occupies a 0.92-acre parcel and is in the city of El Cajon’s M zone, which allows for outside storage.
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