Commercial Real Estate

New Listing: Ideal NNN Investment Bank of America Building in GA


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Panola Rd - Main pic

Pleased to present the sale of 3040 Panola Road located in the ideal Atlanta suburb of Lithonia, GA. The property is a single tenant, fully leased, NNN investment currently occupied by long-term tenants Bank of America.

Select Property Highlights:

  • Single Tenant, NNN-Leased Investment
  • Long Term Lease with Bank of America
  • ± 4,761 SF Building on a ± 53,927 SF Lot; 2 Parcels of Land
  • Located in Metropolitan Atlanta, approx. 15 miles East from Downtown
  • Surrounded by plentiful amenities, including Lowe’s, Walmart Supercenter, Publix supermarket, Walgreens and many others

You can download the property brochure here.

For inquiries, you can contact me here.

T.C. Macker PR releases

Just Sold: $2.3M Office Building in West Los Angeles


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2330_edited

Los Angeles, CA – A private seller has sold a two-story West Los Angeles office building in a $2,300,000 off-market deal.

Located at 2330 Westwood Boulevard, the 4,788-square foot, multi-tenant office building was sold at $480 per square foot. Nestled along Westwood Boulevard between major thoroughfares Olympic and Pico Boulevard, the 6,480-square foot lot houses several Mom and Pop tenants.

Abundant walkable store-lined streets and an affluent residential demographic make West Los Angeles a popular retail and office submarket. “West Los Angeles is a highly desirable area for commerce,” said T.C. Macker, CCIM. “A great fit for the buyer who purchased the building as an owner-user.”

T.C. Macker, CCIM and Christian Holland of Coldwell Banker Commercial WESTMAC represented the seller. Eric Sackler of Coldwell Banker Commercial NRT represented the buyer.

T.C. Macker PR releases

Just Sold: $9.6M Sale of High Street Retail in Los Angeles


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8213-8223 W 3rd St_edited

Los Angeles – Coldwell Banker Commercial WESTMAC has closed on an off-market sale of 8213-8223 W. 3rd Street. The deal was between private family trusts and comprised of two joint retail buildings purchased at $9,600,000.

Built in 1988, the 7,237-square foot trophy property houses Toast Bakery Café among other retailers, and sits at the corner of S. Harper Avenue and W. 3rd Street in L.A.’s trendy Beverly Grove neighborhood. The lot totals approximately 9,780-sqaure feet, which is conveniently located ½-mile between several of the city’s popular tourist destinations – The Grove, the Original Farmers Market, and the Beverly Center in adjoining Beverly Hills.

“The seller was able to achieve a high price per square foot at $1,326.” T.C. Macker, CCIM said. “Properties are hard to come by on 3rd Street.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. William B. Althouse of Coldwell Banker Commercial WESTMAC represented the seller.

Commercial Real Estate

New Listing: Investment Opportunity in Santa Monica’s Silicon Beach


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Pleased to present to you the sale of 2705 Pico Boulevard in prime Santa Monica. The property is a ± 4,130 square foot, two-structure offering with single tenant occupancy located on a ± 9,351 square foot lot. Situated off Pico Boulevard, the heavily trafficked thoroughfare is home to a vibrant community of restaurants and retailers, and is easily accessible to the I-10 freeway and Metro Light Rail. The property is part of a thriving office and retail market surrounded by a dense, affluent residential demographic in the heart of  Los Angeles’ “Silicon Beach.” This is a unique opportunity for an investor looking to acquire property in a highly sought-after, family-friendly, e-commerce driven locale.

For more information, please contact me here. You can download the property brochure from here.

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Commercial Real Estate

New Listing in Beverly Hills: Creative Offices near Restaurant Row


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215 S. La Cienega Blvd
Beverly Hills, CA

Pleased to present the rare opportunity to purchase nearly 12,857-square feet of creative space located steps from Beverly Hill’s Restaurant Row. Designed by award winning architects, 215 South La Cienega Boulevard has been completely renovated with a sleek modern exterior and loft style interior. The property is situated along the major arterial La Cienega Boulevard nearing the intersection of La Cienega and Wilshire Boulevard. The subject property is located on 11,000 square feet of land and consists of three-floors of creative space that includes a combination of various retail, medical and office tenants. The offering is a unique opportunity for investors looking for excellent potential to improve cash flow through leasing or occupy as a partial building user.

Visit 215LaCienega.com for more info.

Commercial Real Estate

New Listing For Sale in West Los Angeles


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Excited to present the sale of 2435 Military Avenue. This is a rare opportunity to acquire a fee simple interest in a beautiful brick two-story office building. Located 1 block away from the Metro Expo line Sepulveda station, near the I-10 and I-405 Freeways and dozens of retailers, offices, and restaurants, including the Westside Pavilion shopping center. The property is 100% vacant, ideal for investors or owner-users look in one L.A.’s strongest submarkets, West Los Angeles.

www.2435military.com

Please contact me for more info.

Commercial Real Estate

Newest Board Member at The UCLA Ziman Center for Real Estate


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Pleased to announce that I was accepted onto the UCLA Ziman Center for Real Estate Board as a sustaining board member.

The UCLA Ziman Center for Real Estate was formed in 2001 and has since played an impactful role in furthering research, education and influence to the next generation of real estate professionals. The board is made up of some of real estates most influential and passionate industry professionals. By participating in various activities and programs, we are able to provide counsel, awareness and critical thinking to some of real estates most critical challenges – present & future.

You can find out more about the UCLA Ziman Center for Real Estate here.

Richard Ziman quote

Commercial Real Estate

Just Sold in Downtown Santa Monica for $3M


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Santa Monica, CA – The commercial building that housed Santa Monica’s Angels Attic, a museum for antique dollhouses, dolls, miniatures and toys, has been sold for $3,000,000, or $1,107 a square foot.

Built in 1895, the two-story freestanding Queen-Anne Victorian is in Downtown Santa Monica located at 516 Colorado Avenue. The 2,709-square foot building lies on 6,462-square feet of land, between 5th and 6th Street, less than a block from the Colorado and 7th Street Metro station.

The property was sold by a family trust to a high-net worth investor.

Jackie McMahan established Angels Attic museum to showcase her collection of dolls and dollhouses, which was valued in the millions of dollars. Together with former fashion editor, Eleanor LaVove, they spent a year restoring the house before opening the museum in 1984. The museum closed its door last month.

“This sale was a rare opportunity and a chance to own part of Santa Monica history.” T.C. Macker, CCIM said. “The buyer saw the investment value and wanted to close as soon as possible.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the Buyer and Seller.

#114 516 Colorado Ave $3M
Just Sold – 516 Colorado Blvd, Santa Monica
Commercial Real Estate

Just Sold in Santa Monica for $7.2M


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Santa Monica, CA – A private seller has sold a two-story medical office building in an off-market sale for $7,200,000.

Located across the street from Santa Monica’s Providence St. John’s Health Center, the 14,000- square foot lot at 2216 Santa Monica Boulevard was purchased by an owner-user buyer. The buyer plans to occupy the first floor of the 5,296-square foot building.

“The property sold at $1,359 per square foot.” T.C. Macker, CCIM said. “This is the highest sales comp for a medical building in Santa Monica.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller.

Mike Rago, Barry Beitler and Willa McNamara-Fields of Beitler Commercial represented the Buyer.

#114 2216 Santa Monica Blvd $7.2M
Santa Monica, CA