Beverly Hills

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $2.975 MILLION SALE OF WILSHIRE BOULEVARD COMMERCIAL BUILDING IN BEVERLY HILLS, CA

July 20, 2021By T.C. Macker No Comments

Closed on July 12, 2021

WESTMAC Commercial Brokerage Company has arranged the sale of 8620 Wilshire Boulevard in Beverly Hills, California for $2,975,000, or $729 per square foot. The sale was comprised of a freestanding commercial building in coveted Beverly Hills surrounded by high-end retail, five-star dining establishments, and luxury hotels.

Nestled midblock, two streets West of the heavily traveled intersection at La Cienega Boulevard and Wilshire Boulevard, 8620 Wilshire Boulevard is comprised of a single-story approximately 4,076 square foot building situated on approximately 5,056 square feet of land. Built in 1951, the building offers unique design elements with indoor and outdoor features that make the property an architectural gem. The property had previously operated as the Phillipe Chow restaurant and was vacant at the time of sale.

“We had a lot of interested parties that were attracted to the property’s unbeatable location and unmatched exposure,” said T.C. Macker, CCIM. “We received multiple offers and ultimately sold to a 1031 buyer in a reverse exchange,”

8620 Wilshire Boulevard is close to world class museums, upscale shopping and fine dining including the Los Angeles County Museum, Petersen Automotive Museum, the Farmer’s Market, Beverly Center and Restaurant Row.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company were the brokers on this transaction.

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Just Listed | +/-4,400 SF Office/Retail in Beverly Hills

July 31, 2020By T.C. Macker No Comments

PREMIERE INVESTOR OR OWNER USER OFFICE BUILDING FOR SALE IN BEVERLY HILLS

110 N. Doheny Drive, a freestanding multi-tenant commercial building in coveted Beverly Hills. 110 N. Doheny Drive WESTMAC Commercial Brokerage Company is pleased to present the opportunity to purchase 110 N. Doheny Drive, a freestanding multi-tenant commercial building in coveted Beverly Hills. 110 N. Doheny Drive is comprised of approximately 4,400-square feet (per tax record) situated on approximately 5,750, square feet of land.

The building is located just North of Wilshire Boulevard, on the East side of Doheny Drive. The property was built in 1952 and renovated in 2008. The property is zoned BHC3* and is located a short distance from the heavily traveled intersection of La Cienega Boulevard and Wilshire Boulevard, surrounded by high-end retail, five-star dining establishments, and luxury hotels.

The building is currently being rented to a mix of office and retail tenants on short term leases. It can also be an ideal fit for a single tenant, or ideal owner user. The property is equipped with multiple big and small spaces, high 10′ foot ceilings with large skylights that provide an abundance of natural lighting, and parking at the rear of the building with room for approximately six (6) cars. Tenants also have access to a shared kitchen, meeting room and restrooms.

Download Offering Memorandum here | Go to listing page here

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES A $15 MILLION TRANSACTION IN BEVERLY HILLS GOLDEN TRIANGLE

January 8, 2020By T.C. Macker No Comments

9701 S. Santa Monica Boulevard, a multi-tenant mixed-use building in the Beverly Hills Golden Triangle, has sold for $15,000,000.

Located in the famed Golden Triangle of Beverly Hills on the northwest corner of South Santa Monica Boulevard and Roxbury Drive, 9701 S. Santa Monica Boulevard consists of a two-story mixed-use building of approximately 18,094 square feet. The building is home to a variety of office and retail tenants.

The property was sold through a court-ordered Receiver sale. The buyer was Optimus Properties, LLC, who purchased the property for $15,000,000.

“There are very few properties in Beverly Hills that come up as versatile as this, it’s a highly coveted location with vacancy that gave the buyer valuable upside,” said T.C. Macker. “Optimus Properties already own properties nearby, they saw a great opportunity and seized it.”

Stephen Algermissen of Cushman and Wakefield, and T.C. Macker, CCIM and Luke J. Palmo of WESTMAC Commercial Brokerage Company represented both the Buyer and the Seller.

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New Listing For Sale on Wilshire Boulevard in Beverly Hills

August 8, 2019August 8, 2019By T.C. Macker No Comments

WESTMAC Commercial Brokerage, as exclusive advisor, is pleased to present the sale of 8620 Wilshire Boulevard, a freestanding commercial building in coveted Beverly Hills surrounded by high-end retail, five-star dining establishments, and luxury hotels. Blocks from the heavily traveled intersection of La Cienega Boulevard and Wilshire Boulevard, 8620 Wilshire Boulevard is comprised of one +/- 4,076-square foot single-story building on +/- 5,056-square feet of land nestled mid-block between S. Carson Road and S. Stanley Drive.

Built in 1951, the building offers unique design elements both with indoor and outdoor elements that make this property an architectural gem. The property previously operated as the Phillipe Chow restaurant with build-out that includes an outdoor courtyard, bar area, full kitchen with stainless steel appliances, and four private restrooms. The property is vacant with BHC3* zoning (check with city for allowable uses).

8620 Wilshire Boulevard is in close proximity to world class museums, shopping and dining including the Los Angeles County Museum, Petersen Automotive Museum, the Farmer’s Market, Beverly Connection, Beverly Center and La Cienega Boulevard’s Restaurant Row.

8620 Wilshire Boulevard is an incredible opportunity for buyers looking to purchase a preeminent location in one of the most in demand real estate markets in the world.

DOWNLOAD BROCHURE HERE

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New Listing – Golden Triangle Investment Opportunity

July 9, 2019July 9, 2019By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company and Cushman & Wakefield, as Exclusive Agents, are pleased to present the opportunity to acquire 9701 South Santa Monica Boulevard (“Property”), located in the famed Golden Triangle of Beverly Hills on the northwest corner of South Santa Monica Boulevard and Roxbury Drive. The Property consists of a two story office over retail building and a lower level containing a total of approximately 18,094 square feet. The building is home to a variety of office tenants and offers the opportunity to improve cash flow through the lease up of prime ground floor retail space. With this being the first time on the market in over 60 years, 9701 South Santa Monica Boulevard represents a unique opportunity to acquire a generational investment that has excellent potential for income growth and for some buyers an excellent owner-user opportunity in one of the most desirable urban retail districts in the world.

ACCESS FULL OFFERING MEMORANDUM & DUE DILIGENCE AT WWW.9701SMB.COM (CA REQUIRED)

Watch property video here

T.C. Macker PR releases

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

March 22, 2019March 22, 2019By T.C. Macker No Comments

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.

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

January 16, 2019January 24, 2019By T.C. Macker 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.

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New Listing – Owner User Opportunity in Beverly Hills Golden Triangle For Sale

October 3, 2018October 3, 2018By T.C. Macker 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.

T.C. Macker PR releases

JUST SOLD IN BEVERLY HILLS

April 5, 2018April 5, 2018By T.C. Macker No Comments

Coldwell Banker Commercial WESTMAC has arranged the sale of 215 S. La Cienega Boulevard in Beverly Hills for $9,250,000.

Located near the corner of Wilshire and La Cienega, 215 S. La Cienega Boulevard has sold for approximately $719 per square foot. The sleek ± 12,857-square foot building consists of three-floors of create space that includes a combination of various, retail, medical and office tenants. The property rests on ± 11,000-square feet of land and was purchased by a private buyer.

“We had a lot of interested parties that were attracted to the property’s unbeatable location, unmatched exposure, and proximity to ample amenities,” said T.C. Macker, CCIM.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Elias Donay of Universal Capital Investments represented the Buyer.

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For Sale in Beverly Hills – Commercial Building on Robertson Blvd

February 2, 2018February 3, 2018By T.C. Macker No Comments

New Listing – Located along Robertson Blvd near the corner of Wilshire Blvd is 153-155 S. Robertson, a ± 2,623 square feet commercial building in Beverly Hills. The property is being offered For Sale and vacant. The property is an excellent opportunity for those looking to purchase commercial real estate in a prime retail and office market in Beverly Hills.

For more information, you can download the property brochure HERE.

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