The two industrial buildings at 950 Borra Place (28,044 square feet) and 955 Borra Place (34,860 square feet), Escondido 92029, have been sold for $7,831,000.
The buyer was Meridian Tampa LLC, a Florida limited liability company, 3405 Highland Drive, Suite 100, Carlsbad 92008. Michael Kalscheur is the manager of Meridian Tampa.
The acquisition included a loan of $2.34 million from Western Alliance Bank, secured by 950 Borra Place. That building was constructed in 1996 on a 1.06-acre lot.
The sellers of the buildings (232-051-33 and 34) were 950 Borra Place LLC and 955 Borra Place, both with Jean-Louis Paroz and Rosemarie Paroz as members.
Meridian Tampa then sold the building at 955 Borra Place to Warren A. Gunter and Janet Schaaf-Gunter, as trustees of the Gunter Family Trust for $5.1 million. That building was constructed in 1991 on a 1.66-acre lot.
That acquisition was financed with a loan of $2 million from Farmers and Merchants Bank of Long Beach.
A tenant in 950 Borra is LISI Medical Jeropa Inc., a manufacturer of medical instrument and dental implants, since March 2012.