The Hanbit Church of Korea has shelled out $2.8 million for theasset, which encompasses a total of 24,626 sf. Located on a1.15-acre parcel at the northwest corner of Cardin Street andEngineer Road, the facility is one of eight, two-story industrialand office buildings that Koll constructed in 1981.

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Seller McKenna Color Labs Inc. dba Visual Color Labs acquiredthe 4717 Cardin building in 1999. Back then, the photo processingcompany paid $1.9 million for the asset.

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In the recent transaction, McKenna Color Labs was represented byTom Nicholas of Colliers International. Tony Suh of ERA New StarRealty acted on behalf of the buyer, with Hanmi Bank providingacquisition financing.

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