10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa

Posted on

Trinity Broadcasting Network announced Friday that it has sold its landmark campus along the 405 on Bear Street in Costa Mesa.

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

The sale price was not disclosed.

The organization, which bills itself as the largest Christian-based broadcast television network in the world, says the facility has become “obsolete” as the organization grows in different parts of the U.S. and the world.

TBN said it will retain its broadcasting facility in Tustin.

The network sold the 6.19-acre Costa Mesa campus to Greenlaw Partners, the commercial property developer that revamped the Triangle Square mall.

The campus houses a 65,000-square-foot, three-story building and is known for its brightly lit holiday displays. This past Christmas season, however, the lights were dim; the facility was already in negotiations, according to Nate Daniels, TBN marketing director.

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

The property was assessed at $41.3 million in 2016, according to CoStar Group, a commercial database. But that doesn’t correlate to the sale price, said Chuck Noble, a principal of Lee & Associates.

“It was significantly less than that assessed number,” said Noble, who along with principals Dave Hunsaker and Craig DeMiranda of Lee & Associates represented both sides of the deal.

The property originally was an office building, Noble said, and will be redeveloped and reverted to that use.

He said he didn’t know who might lease space there, but added, “The significance of that site is obviously location (and) tremendous freeway visibility for people that want identity.”

A representative for Greenlaw could not be reached for comment.

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

TBN bought the building in 1996 for $6 million, according to CoStar records.

Selling the property will “provide the network with new options that are targeted at millennials as well as a diverse and changing culture,” TBN Chairman Matthew Crouch said in a statement.

Daniels said TBN has been investing in studios and network infrastructure around the globe, including London, Jerusalem, and Madrid. The network also recently acquired a large production facility near Chicago.

Daniels said Trinity is not experiencing financial difficulties.

In 2016, a Register review of its tax filings showed Trinity’s revenue took a precipitous dive, from $207 million in 2006 to $121.5 million in 2014.

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

The company spent millions more than it took in for six straight years, according to the story. In 2014, revenue was $121.5 million but Trinity spent $162.6 million.

Trinity’s net assets – what’s left after liabilities are subtracted from assets – were a help, the story said. But that nest egg shrank from a high of $857.9 million in 2009 to $755.8 million in 2014.

TBN Founder Paul Crouch – who said he heard God tell him to start a Christian TV network nearly 40 years ago – died in 2013. His wife and co-founder, Jan Crouch, died in May 2016.

Through the years, family disputes had led to public feuds and lawsuits, and the empire wound up in the hands of the Crouches’ younger son Matthew.

Contact the writer: Media

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2015 Audi A4 2.0T Premium 4dr Sedan In Orange County Costa Mesa CA … | audi costa mesa

10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa – audi costa mesa
| Encouraged for you to my personal blog, on this occasion I am going to provide you with concerning keyword. And from now on, this is the initial impression:

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

What about graphic over? is actually in which wonderful???. if you think maybe and so, I’l m provide you with many image once more beneath:

So, if you’d like to receive these outstanding photos regarding (10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa), press save icon to download the images to your laptop. There’re prepared for download, if you’d rather and want to take it, click save logo on the article, and it’ll be instantly downloaded in your laptop computer.} Lastly if you would like secure unique and the latest picture related to (10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa), please follow us on google plus or save the site, we attempt our best to present you regular update with fresh and new pics. Hope you enjoy keeping here. For most upgrades and recent information about (10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa) photos, please kindly follow us on tweets, path, Instagram and google plus, or you mark this page on book mark section, We attempt to present you up grade regularly with all new and fresh pics, love your surfing, and find the ideal for you.

Thanks for visiting our site, contentabove (10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa) published .  Nowadays we are delighted to announce we have discovered an extremelyinteresting nicheto be pointed out, that is (10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa) Many individuals trying to find information about(10 Unbelievable Facts About Audi Costa Mesa | audi costa mesa) and of course one of them is you, is not it?

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 Costa Mesa CA | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2015 Audi A4 2.0T Premium 4dr Sedan In Orange County Costa Mesa CA … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2015 Audi Q5 Premium Plus Costa Mesa CA 20443814 | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2016 Audi A4 Premium Costa Mesa CA 19819165 | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2014 Audi A6 2.0T Premium Plus for sale in Costa Mesa, CA | Stock … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2008 Audi A4 2.0T for sale in Costa Mesa, CA | Stock #: 514C | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2015 Audi Q3 2.0T Premium Plus Costa Mesa CA 20613691 | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2008 Audi Tt AWD 3.2 quattro 2dr Coupe 6M In Orange County Costa … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2011 Audi Tt AWD 2.0T quattro Premium Plus 2dr Coupe In Orange … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2011 Audi A4 2.0T Premium Plus 4dr Sedan In Orange County Costa … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2007 Audi A8 L quattro for sale in Costa Mesa, CA | Stock #: 519C | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2008 Audi Tt AWD 3.2 quattro 2dr Coupe 6M In Orange County Costa … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2016 Audi A3 Costa Mesa, Huntington Beach, Irvine, San Clemente … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2015 Audi Q5 Premium Plus Costa Mesa CA 20443814 | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Used Audi Q7 for Sale in Costa Mesa, CA | Edmunds | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
2005 Audi S4 AWD quattro 2dr Cabriolet In Costa Mesa CA – Newport … | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
Audi Repair by Beach House Imports in Costa Mesa, CA | FourRingsRepair | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
New and Used Audi in Costa Mesa, CA | Auto.com | audi costa mesa

Used Audi Q5 for Sale in Costa Mesa, CA | Edmunds
New and Used Audi in Costa Mesa, CA | Auto.com | audi costa mesa