Commercial Real Estate, CRE News

New Listing For Sale – Mid Wilshire – Neighborhood Center


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5517 San Vicente Boulevard is a highly visible shopping center made up of an approximate 3,990-square foot building on approximately 9,553-square feet of land. The property includes a parking lot, available signage, and billboards.

Existing tenants are on month-to-month leases. Two income producing billboards on property.

5517 San Vicente Boulevard is located at the signalized corner of San Vicente Boulevard and Hauser Boulevard in Mid Wilshire. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity.

5517 San Vicente Boulevard is located blocks from Wilshire Boulevard in Miracle Mile, where the Petersen Automotive Museum and Los Angeles County Museum of Art (LACMA) draw hundreds of visitors a day.

Visit property website for more info and to download property brochure here.

Commercial Real Estate

New Listing – Owner User Opportunity in Beverly Hills Golden Triangle For Sale


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Coldwell Banker Commercial offers for sale 9677-9681 Wilshire Boulevard in Beverly Hills. The offering is a two-story ±4,428-square foot commercial building inside Beverly Hills’ illustrious Golden Triangle. The building sits on ±3,239-square feet of land, across from Saks Fifth Avenue on Wilshire Boulevard.

9677-9681 Wilshire Boulevard is two blocks from Rodeo Drive, the popular tourist destination that draws thousands of visitors on a daily basis. Multi-million dollar homes and high-end multi-family units make up the upscale residential neighborhoods that surround this amenity rich district.

This is a great opportunity for an owner-user looking to capitalize on Wilshire Boulevard’s high visibility, set up shop in Beverly Hills’ booming retail market, and gain access into one of the most exclusive zip codes in the country.

Get more info & property brochure here.

Commercial Real Estate, CRE News, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN LOS ANGELES’ HARVARD PARK


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Coldwell Banker Commercial WESTMAC has arranged the sale of 7000-7012 S. Western Avenue in Los Angeles for $1,800,000.

Located on the Southwest corner of S. Western Avenue and W. 70th Street in the Harvard Park neighborhood of Los Angeles, 7000-7012 S. Western Avenue is a ± 8,519-square foot building situated on a ± 15,287-square foot lot.

The property’s configuration made it an ideal events and entertainment venue, with features including a performance stage, large open area with span truss ceiling and ample parking.

“Entertainment, religious and events venues are hard to come by,” said T.C. Macker, CCIM. “The buyer purchased an owner-user and will occupy as a church.”

T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented the Seller.  Daniel Melendez of Coldwell Banker George Realty represented the Buyer.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF DOC’S SKI AND SPORTS IN SANTA MONICA


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Coldwell Banker Commercial WESTMAC has arranged the sale of ski industry icon, Doc’s Ski and Sports, at 3101-3105 Santa Monica Boulevard for $4,100,000.

Located along Santa Monica Boulevard on the northwest corner at Berkeley Street, Santa Monica’s Doc’s Ski and Sports was a leading ski retail business in Southern California since 1956. The entire building is approximately 5,494-square feet on an approximately 7,500-square foot lot.

“Doc’s has been a ski industry icon in Santa Monica for over 60 years.” T.C. Macker, CCIM said. “We’re sad to see it go, but we had a lot of interested parties and received a number of great offers that made the seller very happy.”

T.C. Macker, CCIM and Christian C. Holland of Coldwell Banker Commercial WESTMAC represented the Seller. Aleks Trifunovic and Matt Solomon of Lee & Associates West L.A. represented the Buyer.

Commercial Real Estate

New Listing – For Sale – 100% Leased Investment in the South Bay


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Coldwell Banker Commercial WESTMAC and LA Commercial, Inc. as exclusive agents, are pleased to present for sale 12831 Cerise Avenue. 12831 Cerise Avenue is an exceptional 100% leased, “creative flex” situated on approximately 19,284-square-feet of land in L.A.’s highly desirable South Bay region. Built in 1951, 12831 Cerise Avenue is an approximate 7,200-square foot, brick building recently renovated to the highest degree. The property is attentively designed with brand new sandblasted bow-truss roof system, vaulted ceilings, and an open floor plan. It is an ideal investment for buyers looking to increase their positive cash flow and take advantage of the South Bay’s highly sought after creative flex market.

12831 Cerise Avenue is located in the City of Hawthorne in Los Angeles’ South Bay. Two brand new 5-year leases with beautifully appointed creative flex build outs.

The property benefits from the high demand for South Bay commercial property and is located adjacent to the Hawthorne Municipal Airport, home to Tesla and Space X. Some of the major area tenants include Tesla, SpaceX, Boeing, Toyota, Lockheed Martin, Honda, Tesoro, Amazon’s Ring, LA Aleworks Brewery and many others.

Find all property details and sale brochure by visiting HERE.

 

Commercial Real Estate, CRE News

TC Macker featured in new CBCWorldwide blog post “Upping Your Office Game with Common Areas”


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Upping Your Office Game with Common Areas

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For years, modern and flexible office spaces were the stomping grounds of small, boutique startups and the self-employed creative types. And, while those groups still play a large role in the market, larger and more traditional companies are now beginning to see the benefits of flexible office spaces.

But what, exactly, is a flexible office space? Well, flexible office spaces come in many shapes and sizes (literally). Some are co-working spaces, or rather, offices shared simultaneously be an assortment of individual workers or even small companies. Others are simply a hybrid of different office types, combining cubicles with private offices, and soundproofed rooms with open concept conference spaces.

One thing that nearly all flexible office spaces have in common? Common areas.

Today, businesses are beginning to design office space with these common areas in mind, increasing the overall amount of square footage per employee, when all work settings are taken into account. Or, at least that is the conclusion that architecture and design firm Ted Moudis Associates came to in their recent report, after closely analyzing more than 2 million square feet of their office projects. Many companies are forsaking the traditional office setting and, instead, choosing to expand the selection of alternative common areas to get work done, such as a kitchen or cafe area, a relaxed living room type area, or even secluded quiet zones.

What’s more, designers and planners of office space say that they are seeing this shift across a wide range of industries, giving the trend mass appeal. TC Macker of Coldwell Banker Commercial WESTMAC in Los Angeles says,

“Whereas the focus used to be on more efficient workspaces, today’s employers are realizing the benefits of making offices more attractive by adding in open community spaces, working to choose for themselves how and where they work within the office. And employees and workers are responding.”

A recent study by Coldwell Banker Commercial Affiliates found that, believe it or not, the physical space of an office can actually help to keep staff happier. This study, which polled Younger Millennials (18-29 years old), Older Millennials (30-34), Gen Xers (35-49), and Baby Boomers (50-69), found that workers want both convenience AND a social scene at the office.

Among the top amenities workers are looking for are food courts, on-site restaurants, outdoor patios, and outdoor lounging space. In other words, as workers spend more and more time at work, offices are becoming more of a center for social activity, with workers continuously demonstrating that they want to be able to work in places other than just at their desk.

Open floor plans and common areas can help facilitate collaboration among colleagues and can bolster creativity within the office, but it is also crucial to remember to carve out private spaces throughout the office to provide employees a break from all the buzz throughout the office and to allow for focused working without distractions. As employee preferences continue to shift, it is imperative that office developers and commercial real estate professionals stay on top of the expectations and wants of today’s workforce.

Commercial Real Estate

Newly Listed Near Culver City – 8717 Venice Boulevard


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8717 Venice Boulevard is a newly-renovated two-story creative office building. The building is approximately 5,476-square feet on approximately 7,500-square feet of land, which includes an adjoining lot dedicated to parking.

The offering features exposed brick interior, vaulted ceiling with loft, and multiple office suites. The building has undergone over $1 million in renovations – upgraded kitchen, fresh repainted, new wood flooring and lighting – giving the entire building a creative and modern upgrade.

The property is located on Venice Boulevard just east of the historic Helms Bakery building, and offers easy access to the Metro Expo Light Rail station and I-10 Freeway. The area is in middle of a redevelopment boom. New development spans the neighborhood from Downtown Culver City to the Arts District and Hayden Tract.

For more information, click here.

Commercial Real Estate

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF MULTI-TENANT COMMERCIAL PROPERTY IN MARINA DEL REY


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3007 Washington Blvd | Sold for $7,515,888
Los Angeles (Marina Del Rey), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 3007 Washington Boulevard for $7,515,888.

Located along Washington Boulevard between major thoroughfare Lincoln Boulevard and popular Abbot Kinney Boulevard, 3007 Washington is made up of one two-story multi-tenant building approximately 11,312-square feet on an approximate 9,904-square-foot lot. The building is occupied by a mix of creative offices and retail.

Ness Holdings Inc, the seller, purchased the property in 2015 and performed substantial renovations to the exterior and select interior units.  Ness saw an opportunity to reposition an underperforming asset in a great sub-market for creative office tenants.  During its ownership, Ness released ~30% of the renovated space to a variety of new tech firms, further validating the area’s desirability amongst tech firms. The building was purchased by Ashley Square Associates, LLC, a company sponsored and controlled by Craton Capital Management, in a tax deferred 1031-exchange.

“This area attracts many of the city’s tourist due to its close proximity to Abbot Kinney, Lincoln Boulevard and the beach, making it very appealing to buyers.” T.C. Macker, CCIM said. “We had a lot of interested parties and received multiple offers.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC and Michael Preiss, Kevin Simpson, Erica Taylor of rsfLA, Inc represented both the Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN MAR VISTA


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12820 Venice Blvd
Los Angeles (Mar Vista), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 12820 Venice Boulevard for $1,275,000.

12820 Venice Boulevard, a commercial retail building near downtown Mar Vista, has sold for $645 price per square foot. The property consists of one single-story building, approximately 1,974-square feet on an estimated 4,721-square feet of land.

A private buyer purchased the property as owner-users and was able to secure 90% SBA financing. “The buyer recognized a unique opportunity to purchase prime commercial real estate that would give their business excellent visibility along Venice Boulevard,” said T.C. Macker, CCIM.

The area along Venice Boulevard is amenity rich, surrounded by dense residential, and is easily accessible to the 405 Freeway and Pacific Coast Highway.

T.C. Macker, CCIM and Brian R. Hart of Coldwell Banker Commercial WESTMAC represented Buyer and Seller.

Commercial Real Estate

New Listing in Santa Monica – For Sale – 1327 Fifth Street


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Boutique Retail in the Heart of Santa Monica

Kennedy Wilson and Coldwell Banker Commercial WESTMAC are proud to present the opportunity to acquire the fee simple interest in 1327 Fifth Street, a charming, free-standing retail building located in the heart of Downtown Santa Monica. Just blocks from Third Street Promenade, the Santa Monica Pier, and the Pacific Ocean, the property is fully occupied by a well-known luxury apparel and housewares retailer.

For more information and access to property brochure, please visit:  www.1327FifthSt.com