The approximately 3,900-square-foot Coco's Bakery and Restaurant building at 7398 Clairemont Mesa Blvd., San Diego 92111, has been sold for $2.73 million, cash, or $700-per-square-foot.
The buyer was Fairbanks Trail LLC, a California limited liability company, 5208 Del Mar Mesa Road, San Diego 92130.
The seller of the property (assessor's parcel 356-040-50) was USA Properties Inc., with Michael Kucinski as the president.
Justin Earley, vice president of Capital Real Estate Ventures Inc., represented both parties.
The building has occupied its 23,087-square-foot lot since 1972. Coco's renewed its lease in 2013 for 15 more years.
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