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Building on S. Cleveland in Oceanside sold

The Spectrum Building, an 8,462-square-foot office/warehouse property -- at 1043 S. Cleveland St., in Oceanside 92054 -- has been sold for $900,000.

The buyer was Latency LLC, a California limited liability company, 627 Eighth Ave., San Diego 92101. Marc Tule is the managing member of Latency.

The acquisition was financed with loans of $468,934 and $375,147 from California Bank & Trust.

The sellers of the property (assessor's parcel 152-013-13) were John F. and Sasha S. Bilar.

The building is under lease to Marctule Inc., with Marc Tule as president/secretary.

The one-story building was constructed in 1969 on a 12,500-square-foot lot.

The building consists of 6,229 square feet of open office/warehouse space, 1,521 square feet of warehouse and 702 square feet of loft space.

The property is fully fenced and features a security gate.

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