LOS ANGELES-A Wilshire Blvd. church campus has been sold for close to $28 million, which a broker specializing in religious properties claims may be the largest church transaction this year.
CNL Religious and Educational Real Estate Corp. of Orlando, FL. represented the owner of the church, located at 1925 Wilshire Blvd. near MacArthur Park. Universal Church was the buyer; Evangelical Christian Credit Union was the seller. The building is described as partially completed in real estate documents.
The property includes a 42,558-square-foot administration building that was originally constructed in 1962 and renovated in 2001, and a 54,839-square-foot worship complex, which features a sanctuary that accommodates more than 1,500 people, gym, dining hall, kitchen, several classrooms and offices. It also has a two-level underground parking structure.
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