The former Trinity Broadcasting Network campus in Costa Mesa has changed hands again, this time selling to Khoshbin Co. for $22 million, according to CBRE.
Khoshbin Co. is owned by real estate developer and supercar collector Manuchehr “Manny” Khoshbin (pronounced kaash-bin). He plans to reenvision the property, adding a car museum, restaurant, cafe, private members club and creative office spaces, according to a CBRE statement.
Khoshbin has 2.3 million followers on Instagram where he can often be seen posting photos and videos about supercars. Car enthusiast websites estimate his personal car collection is worth at least $50 million.
In a video posted to YouTube, Khoshbin shares details of a custom Hermes Bugatti Chiron, one supercar in a $17 million collection he ordered a year ago. Other supercars included a McLaren Speedtail, Koenigsegg Jesko and a Mercedes AMG Project ONE.
The real estate developer and investor is buying a property that had long been known for its Christmas light decorations that brightened the 405 freeway near South Coast Plaza.
The Christian-based television network bought the 6-acre facility in 1996 for $6 million and sold it in 2017 for an undisclosed sum to Greenlaw Partners. The property at 3150 Bear St. has since changed owners, and property records show the seller was Alliance South Coast Properties LLC.
TBN Founder Paul Crouch – who said he heard God tell him to start a Christian TV network nearly 45 years ago – died in 2013. His wife and co-founder, Jan Crouch, died in May 2016.
The network continues to broadcast from a studio in Tustin.
Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and Justin Hill of CBRE represented the seller. Khoshbin Co. was self-represented.
Representatives from Khoshbin Co. could not be reached by telephone Thursday afternoon.