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Building in Rolando on El Cajon sold

The vacant, two-level, approximately 15,600-square-foot retail building in Rolando at 6533 El Cajon Blvd., San Diego 92115, has been sold for $1.15 million.

The buyer was Alliance for African Assistance Inc., 6533 El Cajon Blvd., San Diego, with Walter Lam president and secretary.

The acquisition was financed by a loan of $863,000 from Wells Fargo Bank.

The seller of the property (assessor's parcel 468-220-01) was Battikha & Haddad LLC, with Eiad Haddad and Ramzi Battikha members.

The building was constructed in 1948 on a 9,239-square-foot corner lot at Aragon Drive.

The free-standing building has an open 9,292-square-foot ground floor area and a 5,671-square-foot mezzanine and office. The building's zoning allows for office, retail or industrial uses.

Originally occupied by Guitar Center, the building has also been used as a furniture store and printing shop.

The building also has storage rooms and three bathrooms. Frontage on Aragon has a roll-up door and ramp.

The property was sold in March 2005 for $1.18 million, with financing of $800,000.

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