Retail Property Sells on Wilshire in Santa Monica



September 27, 2012

SANTA MONICA, CA – A private seller has sold its Santa Monica retail property at 2301 Wilshire Boulevard for $1,855,000 to local developer.

“The ultimate goal is to redevelop the property.” Geno St. John said. The building size is 1,987 square feet on a 4,413 square foot lot. And Mr. St. John added “Commercial properties rarely trade on Wilshire in Santa Monica and the Buyer got a great location across from Whole Foods Market.”

Geno St. John, William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the seller, and Mitch Stokes of Madison Partners represented the buyer in the negotiations.

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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