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Industrial building sold

The approximately 11,994-square-foot light industrial building in the Miramar submarket at 7810 Trade St., San Diego 92121, has been sold for $1,679,500.

The buyer was Farali LLC, a California limited liability company, 13906 Sparren Ave., San Diego 92129. Ali Eghbal is the manager of Farali.

The acquisition was financed with a loan of $1,578,600 from Wells Fargo Bank.

The property is under a new lease to Vigitron Inc., with Eghbal as the president.

The seller of the property (assessor's parcel 341-380-50) was TIG Real Estate Holdings LLC, a California limited liability company, successor by conversion to TIG Real Estate Holdings, a general partnership, formerly known as Microage Real Estate Holdings, who erroneously acquired title as TIG Real Estate Holdings, a general partnership.

Thomas C. Janecek and Bruce A. Geier are managers of the seller.

The one-story building was constructed on a 32,670-square-foot lot in the Miramar Industrial Center in 1988.

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