When Trinity Broadcasting Network announced in March that it sold its highly visible campus in Costa Mesa, the price was not revealed.
Now it’s public. The landmark building sold for $18.25 million, according to CoStar Group, a commercial property database.
The 65,000-square-foot, three-story building on the 6.19-acre campus is familiar to many beyond TBN’s audience for its brightly lit holiday displays along the 405 Freeway on Bear Street.
The property was assessed at $41.3 million in 2016, CoStar records show. But at the time of the sale, Chuck Noble, a principal of Lee & Associates, said the sale price was not in the realm of the assessment figure.