Commercial Real Estate

$3.7 million sale in Santa Monica


SANTA MONICA, CA – Two family trusts have sold the property known as 2901-2911 Santa Monica Boulevard and 1347-1349 Yale Street in Santa Monica for $3,700,000 to local mixed-use developer.

The property currently is a mix of retail showroom, street retail and apartment units comprised of approximately 13,656 square feet. The lot size is 19,125 square feet.

“When the leases expire, the buyer plans to redevelop the property” T.C. Macker, CCIM said.

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

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 36 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 be the #1 office, we also had the 2009 distinction of having the #1 producer out of 3,400 professionals worldwide, Lloyd Bakan. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors. For additional information on Coldwell Banker Commercial WESTMAC, visit the company’s Web site at http://www.westmac.com, or contact us at 310-966-4352.

Commercial Real Estate

Sale in Hawthorne


HAWTHORNE, CA – A private family trust sold 13901 Hawthorne Boulevard for $510,000 to a local investor.

“This was a former Enterprise Rent-A-Car site but delivered vacant at close of escrow” William Althouse said. The building size is 1,793 Square Feet.

The team of William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. The listing team worked with Jeff Sakiri of CL Realty to represent the buyer.

Commercial Real Estate

Sale in Lawndale


LAWNDALE, CA – A private family trust sold 15106 Hawthorne Boulevard for $870,000 to a local investor and owner-user.

“The buyer intends to build a medical building for their dental practice” William Althouse said. The land size is 15,185 Square Feet.

The team of William Althouse and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller as well as the Buyer.

Commercial Real Estate

Sale in Los Angeles


LOS ANGELES, CA – A private investor sold 8647 West Pico Boulevard for $525,000 to a local investor.

“This was a rare purchase in an area with good demographics less than $1 million” William Althouse said. The building size is 1,480 Square Feet and leased to a neighboring restaurant as on off-site commercial kitchen.

The team of William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Edith Abedi of Ariela Investment Group represented the buyer.

Commercial Real Estate

Office sale lease back in LA


FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.75 MILLION OFFICE SALE LEASE BACK NEAR DOWNTOWN LOS ANGELES

November 14, 2011

LOS ANGELES, CA – A national magazine publisher has sold one of its two Los Angeles office buildings at 2417 Beverly Boulevard for $1,750,000 to a local investor and owner/user janitorial company which will occupy half of the building and the seller will lease back the other half for three years.

“This was a rare purchase opportunity near Downtown with both user potential and investment income.” Michael Rojas said. The building size is 10,720 Square Feet and sits on a 30,632 Square Foot lot. And Mr. Rojas added “Additionally, the land size allows for future development of the property.”

The team of Michael Rojas, William Althouse, and T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller, 2401 Beverly LLC. Brian Rhie of AB Real Estate represented the buyer, Sun Kee Hong.