The buyer, Montecito Baptist Church, has purchased the facility and plans to convert it into a church equipped with a community center and school for grades kindergarten through eighth. Occupancy is slated for November 2002. Encompassing 35,600 sf, the former Pacific Ten Theatre stands at 2560 Archibald Ave. It is located adjacent to the new Ontario police and sheriff station, close to the Archibald off-ramp of the 60 Freeway.
The Montecito Baptist Church will move to the recently acquired Ontario facility from La Puente, according to Bill Lowder of NAI Capital Commercial, who worked on the transaction. The church's new location will allow it to serve a larger congregation as well as the residents of Ontario and Chino, he adds.
Bill Lowder, along with NAI colleague Dawn Lowder, acted on behalf of the Montecito Baptist Church. The seller, PCF Investments LLC, was represented by John Pentz of Pentz & Partners.
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.