Commercial Real Estate

Consulate buys office building in Beverly Hills


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $3.5 MILLION OFFICE SALE TO USER IN BEVERLY HILLS, CA

August 31, 2012

BEVERLY HILLS, CA – A private seller has sold its Beverly Hills office building at 120 S. Doheny Drive for $3,500,000 to an owner/user foreign consulate which will occupy the building.

“We found a cash buyer that was a perfect fit for the property.” Craig Newlands said. The building size is 5,360 square feet and sits on a 4,373 square foot lot. And Mr. Newlands added “Additionally, we moved the Seller to a lease in a Class A office building in Brentwood.”

The team of Craig Newlands, CCIM and <a href="mailto:tcmacker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 120 South Doheny Drive, LLC. Jon Haider of Home Sweet Home Realty represented the buyer, Consulate General of the Islamic Republic of Afghanistan in Los Angeles.

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 30+ 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 being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”

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