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

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF COMMERCIAL PROPERTY IN SANTA MONICA


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1619 – 1619 1/2 Santa Monica Boulevard, a commercial building in the highly-coveted City of Santa Monica, has sold for $4,200,000.

1619 – 1619 1/2 Santa Monica Boulevard is comprised of a single-story approximately 5,310-square foot building on approximately 7,500-square feet of land. It is located along the popular Santa Monica Boulevard, home to an abundance of automotive dealers, high-end retailers, businesses, and eateries that serves the surrounding neighborhoods. The property sold to an owner-user buyer at $790 per square foot.

“This was a generational family property and we were glad we could find a great user buyer who purchased at asking,” said T.C. Macker, CCIM.

1619 – 1619 1/2 Santa Monica Boulevard is a short distance from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and the Third Street Promenade.

T.C. Macker, CCIM of WESTMAC Commercial Brokerage Company represented the Seller. Joanne Smith of Rodeo Realty represented the Buyer.

Commercial Real Estate

New Listing For Sale – Owner-User Creative Flex in Hawthorne


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3521 Jack Northrop Avenue is an exceptional ± 6,700-square feet “creative flex” located in the “Century Business Center” in Los Angeles’ desirable South Bay region.  It is ideal for owner users looking to gain a foothold in the South Bay’s highly sought after creative flex market. The current occupant is a entertainment production company. The property will be delivered vacant upon close of escrow.

3521 Jack Northrop Avenue is located in the City of Hawthorne in Los Angeles’ South Bay. 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, Space X, Boeing, Lockheed Martin, Amazon, and many others.

3521 Jack Northrop Avenue is positioned with immediate access to vital Los Angeles artery, near the interchange of the I-105 and I-405 freeways. Also, easy access to the Metro Green Line and I-110 freeway.

Find all property information here.

Commercial Real Estate, CRE News

New Listing For Sale: Leased Office/R&D property – 49k SF building – Value Add Opportunity


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12000-12008 Aviation Boulevard is a three-story Office/R&D building comprised of one ± 49,632-square foot building situated on ± 61,471-square feet of land. The property is located along Aviation Boulevard between 120th Street and 122nd Street in the City of Los Angeles, on the border of El Segundo and Hawthorne. The building can be leased to three different tenants, but is currently occupied by a single tenant. The owner of the building ran and operated his business, Trident Dental Laboratories, at the building for 15-years before selling in 2018 to National Dentex Corporation. As part of the sale of the business, National Dentex Corporation signed a two year lease with one option period for three years.

Download property brochure for more info here.

Commercial Real Estate

For Sale – Fully Leased West LA Neighborhood Retail Center – 5% cap


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11201-11223 National Boulevard, a highly-visible neighborhood center located at the signalized intersection of major thoroughfare Sepulveda Boulevard and National Boulevard in the heart of West Los Angeles. 11201-11223 National Boulevard is made up of approximately 10,883-square foot building (± 11,225 SF per tax record) on approximately 24,400-square feet of land.

The property is 100% leased with multiple long-term tenants.

11201-11223 National Boulevard is a rare opportunity to purchase a neighborhood retail center well-situated in prime West LA offering stabilized income with low maintenance ideal for investors and 1031-exchange buyers.

For more info, download property brochure here.

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Commercial Real Estate

New Listing – Retail Redevelopment | Development Opportunity on Wilshire


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12071 Wilshire Boulevard is a multi-tenant retail building along Wilshire Boulevard near the intersection of Bundy Drive. The approximately 5,400-square foot building consists of multiple mom and pop retail tenants. The site shares an easement with Ralph’s grocery store which provides access to the building’s parking lot for a total land size of approximately 6,600-square feet. The property can be developed into a six-story mixed-use building, or redeveloped retail – all current tenants are month to month.

For more info, brochure available for download here.

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Commercial Real Estate

New Listing For Sale – Retail/Office/Flex – Santa Monica


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1619 – 1619 1/2 Santa Monica Boulevard is a one-story commercial building in the highly-coveted City of Santa Monica. The property is an approximately 5,310-square foot building on approximately 7,500-square feet of land.

The property is located along the popular Santa Monica Boulevard, home to an abundance of automotive dealers, high-end retailers, businesses, and eateries that serves the surrounding neighborhoods.

1619 – 1619 1/2 Santa Monica Boulevard is a short distance from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and the Third Street Promenade. 1619 – 1619 1/2 Santa Monica Boulevard is a rare opportunity for buyers looking to purchase commercial real estate in one of the most coveted markets in the world.

You can download property brochure here.

Commercial Real Estate

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


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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


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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 |


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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.