SANTA MONICA, CA – Two family trusts have sold the property known as 2901-2911 Santa Monica Boulevard and 1347-1349 Yale Street in Santa Monica for $3,700,000 to local mixed-use developer.
The property currently is a mix of retail showroom, street retail and apartment units comprised of approximately 13,656 square feet. The lot size is 19,125 square feet.
“When the leases expire, the buyer plans to redevelop the property” T.C. Macker, CCIM said.
T.C. Macker, CCIM and William Althouse of Coldwell Banker Commercial WESTMAC represented both Buyer and Seller.
About Coldwell Banker Commercial WESTMAC
Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.
Our 36 professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.
The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to be the #1 office, we also had the 2009 distinction of having the #1 producer out of 3,400 professionals worldwide, Lloyd Bakan. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors. For additional information on Coldwell Banker Commercial WESTMAC, visit the company’s Web site at http://www.westmac.com, or contact us at 310-966-4352.