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Building in Kearny Mesa on Ostrow sold

The 16,300-square-foot industrial/warehouse building in Kearny Mesa at 7747 Ostrow St., San Diego 92111, has been sold for $2,465,000.

The buyer was 4030 Goldfinch Investments LLC, a California limited liability company, c/o Phil's BBQ, 3750 Sports Arena Blvd., No. 6, San Diego 92110, Attn: Patricia Conners.

Charles P. Pace and Jeffery Allan Loya are the members of 4030 Goldfinch.

The acquisition was financed by loans of $1,247,000 and $657,000 from Wells Fargo Bank.

The buyer intends to occupy a portion of the building and lease out the remainder.

The sellers of the property were William E. McLaren Jr. and Kimberlee K. McLaren.

The 16,300-square-foot industrial/warehouse building in Kearny Mesa at 7747 Ostrow St., San Diego 92111, has been sold for $2,465,000.

The buyer was represented by Mark Lewkowitz and Jeff Brown, of Cushman & Wakefield. The sellers were represented by Randy LaChance, of Voit.

The one-story building was constructed in 1979 on a 1.11-acre lot, and has a 16- to 18-foot clear height, two grade level doors, two dock-high doors, a fenced yard and a metal storage bin.

The property was sold in March 2002 for $1.45 million, with financing of $800,000 from Bank of America (NYSE: BAC).

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