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Escondido building on W. Grand sold

The approximately 13,988-square-foot building at 120 W. Grand Ave., Escondido 92025, has been sold for $1.25 million.

The buyers were Robert D. and Lillian C. DePhilippis, 531 Flower St., Chula Vista 91910.

The acquisition was financed with a loan of $875,000 from Wells Fargo Bank.

The seller of the property (229-421-12) was the Coseo Declaration of Trust, with John A. Coseo Jr. and Patricia A. Coseo as trustees.

The three-level building was constructed in 1970 on a 7,000-square-foot lot.

The property was sold in July 1981 for $130,000.

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