T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $6.3 MILLION SALE OF OFFICE IN WEST LOS ANGELES, CA

January 26, 2023By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 2930 Westwood Boulevard in West Los Angeles for $6,300,000, or $897 per square foot.

2390 Westwood Boulevard is a two-story office building approximately 7,020 square feet situated on approximately 11,433 square feet of land, north of National Boulevard along Westwood Boulevard, in West Los Angeles, CA. Built in 1969, the building features exposed ductwork, polished concrete flooring, brick walls, and eight office suites. The second floor is clear span, offering the Buyer flexibility to maintain or re-imagine a new office space. There is a rear parking lot that has twenty-four parking stalls, or twenty-five stalls with two (2) tandems. A parking ratio of approximately 3.5:1000 is rare for a small West L.A. office building.

“The Seller received multiple offers and accepted an offer over asking,” said T.C. Macker, CCIM. “That’s rare for an office building given the current economic climate,” he added.

The Property sold to a private law firm who plans to occupy the building and closed on December 12, 2022.

George Gleason of LA Realty Partners, T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Greg Eckhardt of Par Commercial represented the Buyer.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $3.15 MILLION SALE OF COMMERCIAL PROPERTY IN WEST L.A.

January 26, 2023By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 11821 W. Pico Boulevard in West Los Angeles for $3,150,000, or $700 per square foot.

11821 W. Pico Boulevard is approximately 4,500 square feet of retail/office/flex situated on approximately 5,500 square feet of land. Built in 1956, the building consists of a single-story and offers one ground-level loading door, rooftop income-producing billboard, up to six parking spaces, and excellent visibility along Pico Boulevard, a major Los Angeles thoroughfare that runs from the Pacific Ocean to Downtown Los Angeles.

The building was 100% vacant at the time of sale.

“West Los Angeles is a highly desirable area for commerce,” said Brian R. Hart. “A great fit for the buyer who purchased the building as an owner-user.”

Brian R. Hart and T.C. Macker, CCIM of WESTMAC Commercial Brokerage Company represented the Seller. Adam Zarnegin of Scale Partners RE represented the Buyer.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $3.7 MILLION SALE OF VET HOSPITAL IN SANTA MONICA, CA

October 18, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company arranged the sale of 1708 17th Street, 1624 Olympic Blvd, and 1620 Olympic Blvd, in Santa Monica CA for $3,700,000 or $1,251 per square foot on October 12, 2022.

The Property is comprised of three (3) structures totaling ± 2,957 of buildings on ± 7,495 SF of land and was owned and operated by the Jones Animal Hospital, a veterinarian and pet hospital and has served the West Los Angeles and Santa Monica area since 1981. The land was made up of 3 parcels and gives way to unmatched visibility and excellent access to transit, including the 10 Freeway, Metro’s 17th Street / SMC (Santa Monica College) expo line station, and Pacific Coast Highway.

The Property sold to an owner-user who plans to continue to operate the site as a veterinarian business.

“The Sellers wished to sell to another DVM and we were thrilled to find a buyer who can continue the legacy Dr. Kenneth Jones started,” said T.C. Macker, CCIM.

The Property is part of California’s booming tech and media industries known as Silicon Beach, where established companies like Google, Facebook Activision, Snap Inc., and many others have key offices. The property is also surrounded by a high volume of entertainment companies and media studios.

T.C. Macker and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Amjed Manasrah of Global Realty Capital, Inc represented the Buyer.

1708 17th St., 1620 & 1624 Olympic Blvd., Santa Monica, CA 90404

T.C. Macker PR releases

New Listing For Sale – Investor or Developer Opportunity – Three contiguous parcels of land located in West L.A.’s Palms neighborhood

October 6, 2022October 6, 2022By T.C. Macker No Comments

3424, 3428, and 3440 Motor Avenue are three (3) contiguous parcels comprising +/-36,864 square feet of developable land with +/-23,570 square feet of leased existing improvements for sale in Los Angeles’ Palms neighborhood.

Located within Los Angeles’ MU(EC) zone, the site offers in-place income that combine for a projected +/-$675,000 in annual net operating income (+/-$653,000 NOI for 2021). Investors can leverage the existing net cash flow while creating value through entitlement and development of the allowable development options under the Exposition Corridor Neighborhood Transit Plan. All leases include 3% annual increases and expire on December 31, 2023.

This is a rare opportunity to purchase a large transit-oriented, residential mixed-use development opportunity on Los Angeles’ Westside submarket. The location benefits from immediate proximity to the 10 and 405 Freeways, Palms Metro Expo Line Station, as well as proximity to major employers in the surrounding major tech, entertainment and media industries including Sony Pictures Entertainment, Amazon Studios, Apple, Fox Studios, and many more.

Download The Brochure Here

T.C. Macker PR releases

New Listing For Sale – Investor or Owner-User Opportunity – Creative Office, Medical Office, Traditional Office in prime Santa Monica, CA

October 6, 2022October 6, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company is pleased to present the sale of 3011 and 3017 Santa Monica Boulevard Located along prime Santa Monica Boulevard. These are two adjacent properties comprised of +/-13,675 SF of buildings on +/-14,400 SF of land. 3011 Santa Monica Boulevard features a single-story medical office and a two-story triplex. 3017 Santa Monica Boulevard features a three-story office building that can accommodate single or multi-tenant occupancy and is currently leased to several small office tenants, a majority who are month-to-month. There is on-site parking and garages.

This is an excellent opportunity for an investor or owner-user looking for prime Santa Monica commercial real estate in one of Southern California’s premiere urban markets.

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T.C. Macker PR releases

New Listing For Sale – Investor Opportunity – Two unit retail Murrieta Plaza – 100% leased – located along a prime commercial corridor in Murrieta, CA.

August 19, 2022By T.C. Macker No Comments

A Realty Partners and WESTMAC Commercial Brokerage Company are pleased to present the opportunity to purchase 40516 Murrieta Hot Springs Road, a two-unit 24,647 square foot retail building on 108,900 square feet of land prominently located along I-215 within the Murrieta Plaza in the City of Murrieta, Riverside County, California. This is an attractive investment that provides potential purchasers with a secure and stable cash flow.

40516 Murrieta Hot Springs Road is leased to Harbor Freight Tools and Sola Salon Studios. There are approximately five (5) and six (6) years left on the original leases. Harbor Freight occupies 16,948 SF or approximately 71.2% of the property and has six (6) years left on their original term, which expires in 2028. They have six (6) x Five (5) Year Options to Extend with 10% increases at the start of each option period. Sola occupies 7,699 SF or 28.8% of the property and has just under five (5) years left on their original term, which expires in 2027. They have four (4) x Five (5) Year Options to Extend with 2.5% annual increases that includes option periods.

The property is part of Murrieta Plaza, a 300,000+ SF Neighborhood Retail Center owned by The Kroenke Company. Other national tenants in the center include Sam’s Club, Walgreens, Wendy’s, El Pollo Loco, H&R Block, and Buffalo Wild Wings. The Harbor Freight Tools building enjoys a prime location in the center with clear visibility from I-215. This is an excellent opportunity to purchase a trophy investment in prime Murrieta, CA.

Download the Brochure Here

T.C. Macker PR releases

New Listing For Sale – Investor Opportunity – Two story mixed use Commercial Building – All tenants are MTM – Located in the rarely traded Malibu, CA.

August 19, 2022August 19, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company is pleased to present the sale of 21247 Pacific Coast Highway, a two-story +/- 6,830 square foot mixed-use on +/- 11,306 square feet of land.

All Tenants are MTM. This is an excellent opportunity for those looking for potential improvement of cash flow through redevelopment or well-suited for an owner-user seeking to position themselves in one of the most exclusive and rarely traded cities in the world.

Located on the North side of Pacific Coast Highway, the building sits on two (2) parcels and falls within Malibu’s Commercial Neighborhood (CN) zoning. The ground floor retail space is occupied by A&B Malibu Plumbing. The second floor has two (2) non-retail units that are currently being subleased to two (2) tenants. All tenants are month to month. The property is being sold in “AS-IS” condition.

Surrounded by some of the city’s most luxurious homes and iconic restaurants, 21247 Pacific Coast Highway sits at the pinnacle of real estate locale and desirability. The property is a short distance to the major intersection at Las Flores Canyon Rd and Pacific Coast Highway. Immediate area amenities include Country Kitchen, Malibu Divers, Mobil, La Costa Beach, and the iconic Duke’s Malibu.

Click Here to Download Property Brochure

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $2.4 MILLION SALE OF HARD CORNER RETAIL NEAR LAX IN LOS ANGELES, CA

July 19, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company Arranged the sale of 6200 Manchester Avenue, in Los Angeles, California for $2,448,000, or $575 per square foot.

Built in 1948, 6200 W. Manchester Avenue is a ± 4,254 square foot retail building situated on ± 6,129 square feet of land at the signalized intersection of Manchester Avenue and Truxton. The property is in the Westchester Triangle Commercial Historic District, a small historic district with prominent storefronts in the Commercial Vernacular style.

The building features two retail units, display windows, stone brick cladding, and projecting blade signage. One unit was vacant at the time of sale. The property sold to a private investor and closed on July 14, 2022.

“We had a lot of interested parties that are attracted to the changing landscape, unmatched exposure, and proximity to ample amenities,” said T.C. Macker, CCIM.

The South Bay region, where the property is located, has been a hotbed for buyer activity, thanks to increasing demand from healthcare, biotech, e-commerce, & life science industries, and its proximity to LAX and the Port of Los Angeles.

Bill Ukropina of Coldwell Banker Commercial and T.C. Macker of WESTMAC Commercial Brokerage Company represented the Seller. Scott Rosenberg of Kidder Mathews represented the Buyer.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $12.5 MILLION SALE OF RETAIL STRIP CENTER IN SANTA MONICA, CA

February 8, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 700 Santa Monica Boulevard in Santa Monica, CA for $12,500,000.

700 Santa Monica Boulevard, also known as 1407 7th Street, is a double parcel of land on the southeast corner of Santa Monica Boulevard and 7th Street. The sale was comprised of a 10,500 square foot retail strip center situated on approximately 15,000 square feet of land. The site is part of Santa Monica’s Downtown Community Plan and zoned Neighborhood Village, which can allow for mixed-use (retail and apartments), office, medical, restaurant, and other potential uses.

“Double lots like this are extremely rare in this location,” said Christian C. Holland.

The first-class location is in Downtown Santa Monica, blocks from world class shopping, dining, and entertainment including Third Street Promenade, Santa Monica Place, Palisades Park, and the Santa Monica Pier.

The property was sold off market to a developer and closed on February 3, 2022.

Christian C. Holland and T.C. Macker, CCIM of WESTMAC Commercial Brokerage Company were the transaction brokers on this sale.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $4.1 MILLION SALE OF MIXED USE IN PACIFIC PALISADES, CA

January 12, 2022February 7, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 15113 W. Sunset Boulevard in Pacific Palisades, CA for $4,100,000.

Rare retail/office building for sale in Pacific Palisades, CA. The property is comprised of a two-story ± 5,434 SF building on ± 4,498 SF of land and is occupied by multiple retail and small office tenants. The property was sold to an owner-user by a private seller and closed on December 22, 2021.

Positioned on iconic Sunset Boulevard across from the Ralph’s supermarket, 15113 W. Sunset Boulevard is in the heart of affluent Pacific Palisades, central to the area’s best shopping, dining, entertainment, and family-friendly activities, and is walking distance to Caruso’s Palisades Village.

“Properties rarely trade in Pacific Palisades,” said T.C. Macker, CCIM. “We received multiple offers and went into escrow very quickly,” he added.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Bradley Keyes of Keyes Real Estate represented the Buyer.

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