SANTA MONICA, CA – A private seller, based out of Las Vegas, has sold its Santa Monica office and residential mixed-use property at 1540 7th Street for $4,350,000 to a 1031exchange buyer.
“We had 10 offers throughout our marketing process and great buyer interest.” T.C. Macker, CCIM said. The building size is 9,095 square feet and sits on a 7,500 square foot lot. And Mr. Macker added “Downtown Santa Monica properties are in high demand.”
T.C. Macker, CCIM and <a href="mailto:althouse of Coldwell Banker Commercial WESTMAC represented the Seller and Doug Rickard and Dieter Tack of ADR Preferred Business Properties represented the Buyer.
About Coldwell Banker Commercial
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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