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Office condo in Encinitas on Magdalena sells

The 6,896-square-foot office condominium property at 179 Calle Magdalena, Suites 107 and 108, Encinitas 92024, has been sold for $1.68 million.

The property is in the Santa Fe Business Park.

The buyers were John C. Fitzpatrick and Deborah E. Fitzpatrick, trustees of the Fitzpatrick Family Trust, 179 Calle Magdalena, Units 7 and 8, Encinitas.

The acquisition was financed with a loan of $1.36 million from Bank of America (NYSE: BAC).

The seller of the property (assessor's parcels 258-112-41-07 and 08) was Harold Investments LP, a California limited partnership.

Harold C.J. Coykendall is president and secretary of Harold Investments.

The two-story property consists of unit 107 (3,424 square feet) and 108 (3,472 square feet).

The property is under leasehold to Newport Strategic Search Inc. as of May 21. John Fitzpatrick is president of Newport.

In December 1986, the units were sold for $650,000.

The 6,896-square-foot office condominium property at 179 Calle Magdalena, Suites 107 and 108, Encinitas 92024, has been sold for $1.68 million.

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