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Restaurant on Scripps Highland in Scripps Ranch sold

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The free-standing, approximately 3,976-square-foot restaurant building in Scripps Ranch at 12015 Scripps Highland Drive, San Diego 92131, has been sold for $2.2 million.

The buyer was YDP Properties LLC, a California limited liability company, 14877 Eden Mills Place, San Diego 92131. The Pihas Family Trust is the managing member of YDP Properties. Yannis J. Pihas and Denise S. Pihas are the trustees of the family trust.

The acquisition was financed with a loan of $1,086,000 from Plaza Bank.

The seller of the property (assessor's parcel 315-610-08) was Scripps Gateway Associates LLC, a California limited liability company, with Keith J. Matson and Richard H. Palmer as the member/managers.

The building was constructed in 2004 on an approximately 27,443-square-foot lot.

In February 2003, homebuilder Shea Homes Inc. sold the lot for $700,000.

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