Church property sells for $2.7 million

By SDCNN Staff

The historic Horizon Park Chapel church property in Bankers Hill has been sold for $2.7 million.

Lee & Associates, a commercial real estate agency, said it closed a sales transaction for the 17,760-square-foot church building located at 590 Fir St.

This highly visible church property, located at Sixth and Fir streets west of Balboa Park, was built in 1920 and originally occupied by followers of evangelist Aimee McPherson. The church was originally named the Pentecostal Holiness Tabernacle.

Bankers Hill church — Horizon Park Chapel, located at Fir and Sixth streets, was originally used by followers of evangelist Aime McPherson. (Courtesy of Google Maps)

The sale of the Horizon Park Chapel church facility includes retention of the current congregational use on a “joint-multi-tenant use” lease-back basis.

The Lee & Associates Church Realty Solutions Team conducted a comprehensive marketing effort, which generated more than four offers and several additional letters of interest. After 10 months of marketing effort, the property sold and closed within a 40-day escrow period.

Tom Morgan and Thomas Smith (Church Realty Solutions) of Lee & Associates’ San Diego office, represented both the buyer, Park6 Ventures, and seller, Horizon Christian Fellowship Park Chapel.