The approximately 10,750-square-foot office building at 131 Aberdeen Drive, Cardiff by the Sea 92007, has been sold for $8.01 million.
The buyer was Covey Cardiff Properties LLC, a California limited liability company, 10 W. Broadway, Suite 810, Salt Lake City 84101. Hal D. Renfro is the manager of Covey Cardiff.
The acquisition was financed with a loan of $3.75 million from The Ohio National Life Insurance Co.
The sellers of the property were AR Acquisition LLC, a California limited liability company, and John E. Burger and Susan C. Burger, co-trustees under the Burger Family Trust (each with 50 percent). Greg Cody is manager of AR Acquisition.
The building was constructed on a half-acre lot in 1967.
In June 2010, the property was sold for $3,415,000, with financing of $1,725,000 and $1,375,000 from Torrey Pines Bank.