The two-story, approximately 14,773-square-foot office building in the Scripps Miramar Ranch Business Park at 9740 Appaloosa Road, San Diego 92131, has been sold for $2.3 million.
The buyers were David M. Epstein and Diane L. Epstein, trustees of the Epstein Family Trust, 6281 Estrella Ave., San Diego 92120. The acquisition was financed with a loan of $1.4 million from Bank of America (NYSE: BAC).
The seller of the property (assessor's parcel 363-290-17) was Pearl & Herschel LLC, a California limited liability company. Gerald M. Rudick is the manager of Pearl & Herschel.
The elevator-served building was constructed in 1980 on a 40,075-square-foot lot.
In April 2011, the property was sold to Pearl & Herschel for $1.3 million.
The building offers flexible sizes and configurations, and a common patio and break area. All first-floor suites can be combined to 7,108 square feet.