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Building on Friars in Mission Valley sold

The approximately 14,000-square-foot office building in Mission Valley at 6950 Friars Road, San Diego 92108, has been sold for $3 million, cash.

The buyer was LandCap Friars Road LLC, 27132 B Paseo Espada, Suite 1206, San Juan Capistrano 92675, Attn: Stephen Hinkley.

The seller of the property (assessor's parcel 437-250-22) was General Electric Credit Equities.

The building occupies a 1.44-acre lot.

The property was sold in September 2004 for $2.2 million, with financing of $1.4 million.

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