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Retail building in Hillcrest on University sold

The 3,740-square-foot retail building in Hillcrest at 1477 University Ave., San Diego 92103, has been sold for $1.25 million.

The buyers were Jeffrey H. Lin and Paulina Y. Lin, trustees of the Lin Family Trust (50 percent); Jeffrey H. Lin, trustee of the Ginger Glen PJS Trust (38 percent); and Po-Jen Cheng and Sarah Cheng, trustees of the PJ&S Cheng Trust (12 percent), 275 Orange Ave., Coronado 92118.

The sellers of the property (assessor's parcel 452-919-10) were Clifton Lawrence Payne Sr., trustee of the Clifton Lawrence Payne Sr. Revocable Trust (50 percent) and Lorelei M. Howard, trustee of the Howard Family Trust (50 percent).

The sellers took back a trust deed for $625,000.

The buyer was represented by Joe Brady and Bill Shrader, of Cushman & Wakefield's Urban Property Group. The seller was represented by John Chiak, of John Chiak Realty.

The retail building was constructed in 1935 on a 6,251-square-foot corner lot. The building is currently fully leased to V-Outlet, a discount retailer.

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