The 15,510-sf office building has been vacant for the past six months. The buyer, the Temple Baptist Church, will convert the building into a multi-purpose facility that will include office space, educational facilities and gathering places for religious services and ministry.
Like many religious organizations, this buyer needed a cost-efficient facility that would serve a variety of purposes while remaining central to its congregation. Adaptive reuse proved to be a win-win solution that met the church's needs while helping to revitalize the community, according to the Charles Dunn Co., which negotiated the sale.
Anthony L. Thompson of Charles Dunn Company's Los Angeles sales office represented seller LSI Building Associates. Temple Baptist Church, the buyer, was represented by Bill and
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.