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Building on Miramar Road sold

The approximately 8,000-square-foot industrial building at 7996 Miramar Road, San Diego 92126, has been sold for $1,155,000.

The buyer was Rug Palace Inc., dba Rug Palace Expo, with Bijan Farrokhi as the president.

The acquisition was financed with loans of $775,945 and $542,000 from Business Loan Capital Inc.

The sellers of the property (assessor's parcel 343-082-53) were Lion Financial, with A. Mansour Moussavian as the president (one-third), Sylvester D. Sluka (one-third) and Saied Mojabi (one-third).

The building was constructed in 1983 on a 16,770-square-foot lot.

The property was sold in June 1997 for $1,125,000 with financing of $450,000 from San Diego National Bank.

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