1/14/2008

South Korean church buys California mixed-use for $15.7M

by Chad King

Crescent Corporate Center

Seoul, South Korea-based SaRang Community Church has purchased the Crescent Corporate Center in Anaheim, Calif., for $15.7 million from LIA Associates and 4900 Corona Associates, LLC.

Jeff Rinkov and Peter Bacci of Lee & Associates represented the sellers while the buyer was represented by Min Oh and Mike Hsu of Tarbell Realtors.

The mixed-use center contains 75,000 square feet comprised of five single-story classroom buildings, an administrative building and an office/laboratory. Also included in the acquisition is a two-story free standing facility currently occupied by Crescent Health Care. The church plans to use the property as a school and office location.

Address: 1900 Crescent Ave., Anaheim, Calif.

Size: 75,000 square feet

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Filed Under: Mixed Use

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