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Office building on Via Tazon sold

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.

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