The vacant, 7,065-square-foot restaurant building at 110 Knoll Road, San Marcos 92069, has been sold for $1.92 million.
The buyer was Slater's Knoll LLC, a California limited liability company, 960 Canterbury, Suite 110, Escondido 992025, c/o Skaja, Daniels, Lister & Permito LLC, attention: Patrick J Wingfield, Esq. Scott D. Slater is the managing member of Slater's Knoll. The acquisition was financed with a loan of $960,000 from U.S. Bank.
The seller of the property (assessor's parcel 220-160-42) was 110 Knoll LLC, a California limited liability company, with Kaye Lori Keller as the manager.
Mike Spilky, of Location Matters Restaurant & Retail Brokerage, represented the seller and buyer.
The building -- formerly occupied by Cool Hand Luke's -- will be turned into a Slater's 50/50 restaurant, the chain's seventh location and second in San Diego County. The building was constructed in 1999 on a 1.22-acre pad. The property was sold in February 2001 for $1 million and again in June 2003 for $1,807,000.