Restored Church Los Angeles Acquires 20101 Devonshire Street From Presbytery Of San Fernando For $6.25M

The property asset involved in the transaction is a church located at 20101 Devonshire Street in Chatsworth, CA. This religious site spans 6 acres and has a total square footage of 15,896. The sale price was $6,250,000, resulting in a price per square foot of $393.

Summary of transaction details:

• Property Type: Church
• Transaction Amount: $6,250,000
• Address: 20101 Devonshire Street
• Market: Chatsworth
• Square Footage: 15,896
• Price Per Square Foot: $393
• Buyer: Restored Church Los Angeles
• Seller: Presbytery of San Fernando
• Brokers: Sammy Lyon & Nick Dow - Dow Capital

Nick Dow and Sammy Lyon of Dow Capital facilitated the transaction on behalf of both the buyer and the seller. Restored Church Los Angeles is a California nonprofit religious corporation, and Pastor Brad Sarian expressed gratitude to the Presbytery for the opportunity to continue their legacy with the property. The transaction also included a non-profit commission discount, with over 50% of proceeds being donated to community projects.