Prime Santa Monica, CA commercial building for sale. Please go to the following link: http://www.westmac.com/eblasts/007_1540_7th.htm
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.
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.
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.
Five “creative” office projects in Santa Monica sell as one portfolio to Lionstone Group, a Texas based investment advisor. The properties sold for $90 million which equated to $545/SF. http://www.latimes.com/business/realestate/la-fi-office-sale-20111213,0,6970992.story
Last of former William Morris (WME) Beverly Hills office buildings sell to CIM in large year-end transaction which resulted in 48% less than 2008 sale. http://www.hollywoodreporter.com/news/william-morris-headquarters-wme-478-272454
This is a good sign for Beverly Hills… big lease and keeping important tenant, UTA. Please go to link: http://latimesblogs.latimes.com/money_co/2011/11/united-talent-agency-leases-former-hilton-hotels-headquarters.html
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.
Technology and entertainment office space demand strengthen both Santa Monica and Venice coastal submarkets. Should these areas run out of space or rates get too frothy, will Culver City be next? Please see article from this Sunday’s LA Times: http://www.latimes.com/business/realestate/la-fi-commre-tech-20111016,0,6170780.story
Ideal for creative, production and/or entertainment user. The building easily divides for partial building user. Please contact me for full brochure. Please see link: http://www.westmac.com/eblasts/ellis_8931.htm