Commercial Real Estate

Santa Monica retail building sells in one week escrow


COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.35 MILLION RETAIL SALE TO 1031 EXCHANGE BUYER IN SANTA MONICA, CA

December 27, 2012

SANTA MONICA, CA – A private seller has sold its Santa Monica retail storefront property at 2407 Main Street for over $1.35 million to a 1031exchange buyer.

“This was an off-market transaction with a one week escrow period.” William Althouse said. The building size is 2,422 square feet and sits on a 2,496 square foot lot. Mr. Althouse added “It was a win-win for Buyer and Seller; Seller closed prior to year-end and Buyer satifisfied its 1031 exchange.”

T.C. Macker, CCIM and <a href="mailto:tcmacker of Coldwell Banker Commercial WESTMAC represented the Seller and 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.”

#CBC, #westmac, #westlacommercial, #crewla, #crela, #tcmacker

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