Commercial Real Estate

New Listing in Beverly Hills – Leasehold Interest For Sale – Medical/Office


No Comments

WESTMAC Commercial Brokerage is pleased to present the opportunity to purchase the seventeen (17) year leasehold interest of 415 N. Crescent Drive in Beverly Hills, CA. This rare investment opportunity offers buyers leasehold ownership of  approximately 27,425-square feet of medical offices in the Beverly Hills Golden Triangle.

415 N. Crescent Drive is a three-story medical office building containing one approximate 27,425-square foot building (± 28,589 SF per tax record) on an approximate 15,263-square foot parcel of land. Built in 1981, the property also consists of a subterranean parking garage situated underneath the structure. The offering is for the leasehold interest, currently subject to a ground lease expiring in 2036 (17 years remaining), after which, the building and improvements will revert to the owner of the land. The ground lessee currently pays 15% of the gross rent annually to the Lessor.

415 N. Crescent Drive is located in the spectacular and highly desirable Beverly Hills, between S. Santa Monica Boulevard and Brighton Way along N. Crescent Drive. The modern style building features a brilliant brick exterior, center garden atrium, and multiple spaces occupied by a mix of office and medical tenants. 415 N. Crescent Drive represents a unique opportunity to acquire an investment asset that has excellent potential for income growth in one of the most desirable urban retail districts in the world.

SALE IS FOR 17-YR LEASEHOLD INTEREST ONLY – BEST OFFER

*Rent Roll and other Due Diligence Documents subject to receipt of Confidentiality Agreement. Get brochure here.

Commercial Real Estate

New Listing in Beverly Hills – Retail & Office Building on Robertson


No Comments

img_9833 - edit

337-339 S. Robertson Boulevard in Beverly Hills is a ±4,916-square foot (per tax record) freestanding commercial building on ±4,652-square feet of land.

The building is uniquely designed, featuring lush greenery, brilliant brick and steel exterior, with exposed brick interior, wood floors, and floor to ceiling windows providing tenants with an abundance of natural lighting.

The first floor is currently leased to two retail tenants. The second floor currently functions as creative office space. Second floor becomes available in March 2019, leaving approximately 2,400-square feet of creative office space vacant for an owner-user.

There are approximately 3-4 parking spaces are located in rear.

View property brochure here.

Commercial Real Estate

New Listing – Land For Sale – Prime Development Opportunity in Santa Monica |


No Comments

1650 Euclid Street is approximately 22,500 square-feet of land. It is located on Euclid Street between Colorado Avenue and Olympic Boulevard in Santa Monica.

The offering is surrounded by a number of prominent entertainment companies. It is currently operating as a tow yard.

Highlights

  • Future Development Upside
  • On same block as Bad Robot (JJ Abrams), Indian Paintbrush, Final Cut, Cutter Studios, and Arsenal FX
  • Easily accessible by public transportation and the I-10 Freeway
  • Excellent area demographics

Download property brochure here.

Commercial Real Estate, CRE News

New Listing For Sale – Mixed Used Investment in Santa Monica – Prime Location


No Comments

IMG_3357

Coldwell Banker Commercial WESTMAC, as exclusive agent, is pleased to present the sale of 728-734 Montana Avenue in Santa Monica, California. 728-734 Montana Avenue is a sizable two-story mixed-use investment opportunity situated at the signalized intersection of Lincoln Boulevard and Montana Avenue.

The building is approximately 8,255-square feet (8,412 SF per tax record) on approximately 13,500-square feet of land. Three retail units occupy the ground floor. Six loft-style apartments make up the second floor. The property includes a dedicated parking lot with 28 spaces (26, plus 2 handicap).

The property is located along the popular Montana Avenue Shopping District, home to an abundance of high-end retailers, businesses, and eateries that serves Santa Monica’s affluent community.

728-734 Montana Ave – Flyer

*For the Full Offering Memorandum & access to Due Diligence documents, you must sign a CA by visiting property information page, You can access page here.

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

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF CREATIVE FLEX IN HAWTHORNE


No Comments

IMG_8212

Coldwell Banker Commercial WESTMAC has arranged the sale of 12831 Cerise Avenue for $3,278,525.

Located in the City of Hawthorne, blocks from the Hawthorne Airport and Space X facilities, the newly renovated creative flex sits at the forefront of a booming industrial hub. Ample activity surrounds the ±19,284-square foot property, which sold for $455 per square foot at a 5.3% cap rate.

The single-story ±7,200-square foot multi-tenant building features brilliant brick exterior, open floor plans, high bow and truss ceiling, and plentiful parking. The building was fully leased at the time of sale and underwent extensive property improvements prior to market.

“This was an ideal investment opportunity for our buyer, as seller had optimized interest with two new leases in place and a remarkable remodeled building specifically built-out for new tenants,” said T.C. Macker.

The buyer was in a 1031 exchange.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the seller and buyer. Albert Pacleb of LA Commercial, Inc. represented the seller.

Commercial Real Estate

New Listing for Sale – NNN Leased Investment – Bank of America in Metropolitan Atlanta


No Comments

Coldwell Banker Commercial WESTMAC is pleased to present the sale of 3026 & 3040 Panola Road, a single tenant, NNN leased investment located in the suburbs of Atlanta.

The offering is a free-standing building situated in Lithonia, Georgia, a picturesque metropolitan area approximately 15 miles east of the City of Atlanta. The building is approximately 4,500-square feet and sits on a roughly 1.255-acre lot made up of two parcels of land.

The property is currently leased by long-term tenant Bank of America, and is strategically located among several shopping plazas that include powerhouse retailers such as Walmart, Lowe’s and Publix supermarket.

The offering is an excellent opportunity for buyers seeking a well-located, stable, long-term leased investment.

You can download property brochure here.

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

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $3.68 MILLION SALE OF SERVICE STATION IN LOS ANGELES’ UPSCALE BRENTWOOD NEIGHBORHOOD


No Comments

Coldwell Banker Commercial WESTMAC has arranged the sale of 11699 San Vicente Boulevard in Los Angeles for $3,680,000.

The service station at 11699 San Vicente Boulevard in the affluent neighborhood of Brentwood has been sold. The site comprises a ± 99-square foot building on a ± 6,969-square foot lot at the corner of San Vicente Boulevard and S. Barrington Avenue. The buyer was the existing tenant who has been at the property for over 45 years.

“There was a bid process in place,” T.C. Macker said. “We submitted a great offer with a short 15-day escrow and were thrilled when it was accepted.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. Martin McDermott of Method Commercial represented the seller.

Commercial Real Estate, CRE News

New Listing For Sale – Mid Wilshire – Neighborhood Center


No Comments

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


No Comments

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.