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WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $13.4 MILLION SALE OF COMMERCIAL PROPERTY IN LOS ANGELES, CA


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12000-12008 Aviation Boulevard in Los Angeles, a commercial property near LAX, has sold for $13,400,000.

12000-12008 Aviation Boulevard is a multi-story R&D building comprised of approximately 49,632-square feet on approximately 61,420-square feet of land. The building was fully leased at the time of sale to one tenant, Trident Dental Laboratories, a manufacturer of dental products. The area is home to several leading aerospace, and research and manufacturing companies, including Boeing, Northrop Grumman, Aerospace Corporation, and Raytheon.

“Through our broad marketing process, we received multiple offers and ultimately selected the perfect buyer in a 1031-Exchange.”,” said T.C. Macker, CCIM. The buyer purchased the building as an investment. The seller will be pursuing other investment opportunities in a 1031-Exchange.

T.C. Macker, CCIM, William B. Althouse and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $3 MILLION SALE OF COMMERCIAL PROPERTY IN MALIBU, CA


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22221-22227 Pacific Coast Highway, a commercial property in the City of Malibu, has sold for $3,000,000.

22221-22227 Pacific Coast Highway is a mixed-use commercial property comprised of two buildings, one single-story commercial building and second two-story building totaling approximately 5,582-square feet on approximately 10,743-square feet of land. The building was fully leased at the time of sale to short term tenants.

The seller was a Trust who had owned the property since the 1960s. The building was purchased by Dartbu, LLC, a private investor.

“This was a rare Malibu commercial investment opportunity that generated multiple offers for our seller,” said T.C. Macker, CCIM.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF $17 MILLION COMMERCIAL PROPERTY IN SANTA MONICA


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1650 Euclid Street, a commercially-zoned piece of land in the highly-coveted City of Santa Monica, has sold for $17,000,000.

1650 Euclid Street is comprised of ±22,500-square feet of land, used by Seller’s to operate a towing business.

It is located on Euclid Street East of Olympic Boulevard and is a short distance from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and the Third Street Promenade. The property sold to an investor who plans to develop the site, at $755 per square foot.

1650 Euclid Street is adjacent to the headquarters of Bad Robot, the movie production studio of Star Wars director JJ Abrams.

“We are thrilled that we were able to achieve $755 per square foot of land in prime Santa Monica,” said Michael Gordon.  “That pocket is high demand area for entertainment and production businesses,” added T.C. Macker, CCIM.

T.C. Macker, CCIM, Michael Gordon, and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

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

WESTMAC COMMERCIAL BROKERAGE COMPANY AND AJ MORGAN & COMPANY ARRANGES SALE OF CREATIVE OFFICE/RETAIL BUILDING IN BEVERLY HILLS


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337-339 S. Robertson Boulevard in Beverly Hills, a ±4,493-square foot freestanding commercial building on ±4,652-square feet of land, has sold for $3,126,000.

337-339 S. Robertson Boulevard is a uniquely designed building, featuring lush greenery, brilliant brick and steel exterior, and exposed brick interior. The building’s first floor is leased to two retail tenants, while the second-floor functions as creative office space.

WESTMAC Commercial Brokerage Company and AJ Morgan & Company partnered up to sell the two-story retail and office building. The buyer was an investor who plans to lease the second floor.

“This sale generated tremendous interest,” said T.C. Macker, CCIM. “We had multiple offers and were able to close in less than thirty days.”

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, and Hai-Ben David and Charles Jacob of AJ Morgan & Company represented both the Buyer and Seller.

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, CRE News, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF CREATIVE FLEX IN HAWTHORNE


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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, 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


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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, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN LOS ANGELES’ HARVARD PARK


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Coldwell Banker Commercial WESTMAC has arranged the sale of 7000-7012 S. Western Avenue in Los Angeles for $1,800,000.

Located on the Southwest corner of S. Western Avenue and W. 70th Street in the Harvard Park neighborhood of Los Angeles, 7000-7012 S. Western Avenue is a ± 8,519-square foot building situated on a ± 15,287-square foot lot.

The property’s configuration made it an ideal events and entertainment venue, with features including a performance stage, large open area with span truss ceiling and ample parking.

“Entertainment, religious and events venues are hard to come by,” said T.C. Macker, CCIM. “The buyer purchased an owner-user and will occupy as a church.”

T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented the Seller.  Daniel Melendez of Coldwell Banker George Realty represented the Buyer.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF DOC’S SKI AND SPORTS IN SANTA MONICA


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Coldwell Banker Commercial WESTMAC has arranged the sale of ski industry icon, Doc’s Ski and Sports, at 3101-3105 Santa Monica Boulevard for $4,100,000.

Located along Santa Monica Boulevard on the northwest corner at Berkeley Street, Santa Monica’s Doc’s Ski and Sports was a leading ski retail business in Southern California since 1956. The entire building is approximately 5,494-square feet on an approximately 7,500-square foot lot.

“Doc’s has been a ski industry icon in Santa Monica for over 60 years.” T.C. Macker, CCIM said. “We’re sad to see it go, but we had a lot of interested parties and received a number of great offers that made the seller very happy.”

T.C. Macker, CCIM and Christian C. Holland of Coldwell Banker Commercial WESTMAC represented the Seller. Aleks Trifunovic and Matt Solomon of Lee & Associates West L.A. represented the Buyer.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN MAR VISTA


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12820 Venice Blvd
Los Angeles (Mar Vista), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 12820 Venice Boulevard for $1,275,000.

12820 Venice Boulevard, a commercial retail building near downtown Mar Vista, has sold for $645 price per square foot. The property consists of one single-story building, approximately 1,974-square feet on an estimated 4,721-square feet of land.

A private buyer purchased the property as owner-users and was able to secure 90% SBA financing. “The buyer recognized a unique opportunity to purchase prime commercial real estate that would give their business excellent visibility along Venice Boulevard,” said T.C. Macker, CCIM.

The area along Venice Boulevard is amenity rich, surrounded by dense residential, and is easily accessible to the 405 Freeway and Pacific Coast Highway.

T.C. Macker, CCIM and Brian R. Hart of Coldwell Banker Commercial WESTMAC represented Buyer and Seller.