Tazon Springs -- a 34,200-square-foot office building in Rancho Barnardo at 16980 Via Tazon, San Diego 92127 -- has been sold for $4,342,000.
The buyer was Pain in San Diego LLC, a California limited liability company, 16980 Via Tazon, San Diego, with David Cohen as chief operating officer (COO). The acquisition was financed with a loan of $3,039,225 from First Republic Bank (NYSE: FRC).
The seller of the property (678-200-04) was Haehn Investment Company, a California limited partnership, with SLH Management Corp. as general partner. Carol Sharp is president of SLH.
Millennium Laboratories of California Inc. has signed a lease for space in the building. Cohen is also COO of Millennium.
The one-story building was constructed in 1983 on a 2.8-acre lot.
In June 1993, the property went through foreclosure with a trustee's deed valuation of $4.18 million.
The office building features an open air atrium and a common courtyard.