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Church building on Peacock in Oceanside sold

The 12,320-square-foot building at 1985 Peacock Blvd. in Oceanside 92056, and an adjacent vacant 1.05-acre lot, have been sold for $1.65 million.

The buyer was The Life Church (a United Pentecostal Church of Murrieta California Inc.), 2960 Oceanside Blvd., Oceanside 92054.

The acquisition was financed with a loan of $1.36 million from Cass Commercial Bank.

The sellers of the property (assessor's parcels 161-470-50 and 51) were Craig Arnold (70 percent) Daniel Bragg Musgrove, trustee of the Daniel Bargg Musgrove Trust (30 percent).

The buyer was represented by Bob Willingham, of Cushman & Wakefield. The sellers were represented by Tom Todd, of Cornish & Carey.

The structure was completed in 1988 on a 0.84-acre lot and built-out in the 1990s as a church, which the new ownership will continue.

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