The latest edition of our West LA Newsletter is now available.
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.
Coldwell Banker Commercial WESTMAC, as exclusive agents, are pleased to present for sale or lease, 1820 Broadway. 1820 Broadway consists of two freestanding buildings – a highly visible, approximately 2,500-square foot, modernly designed commercial building that can cater to a wide range of uses including retail, office, creative, and entertainment purposes, and a separate single-family residential cottage made up of approximately 625-square feet. The offering totals about 3,125-square feet on approximately 5,000-square feet of land. The entire property is currently vacant.
1820 Broadway is located one block south of Santa Monica Boulevard, at the southeast corner of Broadway and 18th Court. The property fits seamless among the Broadway corridor made up of aesthetically upgraded and well-maintained buildings that house various retailers, offices, restaurants and entertainment companies. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity. 1820 Broadway is located less than 1.5 miles from Downtown Santa Monica and popular tourist destinations that draws thousands of visitors on a daily basis.
You can get the property brochure here.
COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4.7 MILLION SALE OF MEDICAL-OFFICE BUILDING IN WEST LOS ANGELES, CA
Los Angeles – Coldwell Banker Commercial WESTMAC has arranged the sale of 11669 Santa Monica Boulevard in West Los Angeles for $4,700,000.
A private seller has sold the ± 7,658-square foot medical-office building for approximately $613 per square foot. Located near the corner of Santa Monica Boulevard and S. Barrington Avenue, the highly-visible property occupies ± 8,028-square feet of land. The property sold to an owner-user dermatologist group.
“We have multiple offers on the property,” T.C. Macker, CCIM said. “Ultimately we found the perfect owner-user buyer.”
T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC and Brian Hatkoff of Hatkoff Investments represented both the Buyer and Seller.
New Listing for sale in Santa Monica at 3101-3105 Santa Monica Boulevard. The property is a 2-story mixed-use building with dedicated rear parking lot. The property has been home to ski industry’s iconic retail store Doc’s Ski & Sport for more than 60 years and includes 2 upstairs apartment units.
For more information, you can download the property brochure here.
New Listing – A modernized multi-tenant creative office and retail building located at 3007 Washington Blvd is for sale. The property is approximately 11,312 SF on approximately 9,904 SF of land. The building is home to a number of creative offices and retail tenants, and has recently undergone extensive remodel. The property is located blocks from Abbot Kinney Boulevard, less than one mile from the beach.
For more information, you can download the property brochure HERE.
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.
New Listing for a 2-unit retail in Los Angeles along Venice Boulevard located at 12820 Venice Boulevard. The property is adjacent Venice, and walking distance to Downtown Mar Vista. Building is currently 100% leased with leases expiring this year. A parking lot is located in the rear of the building.
To find out more info, you can download the property brochure HERE.
11669 Santa Monica Boulevard is a unique opportunity for an investor or owner-user looking for a prime medical office building in one of the most desirable urban office and retail markets in the world. Located along the north side of the famous Santa Monica Boulevard one-half block east of South Barrington Avenue, the property consists of a ±7,658-square feet two-story building approximately on ±8,028-square feet of land. The city allows ±1,846 square feet of the building for medical space use. Two billboards on the roof allow for additional income or personal use, while a spacious open-air parking lot located behind the building. 11669 Santa Monica Boulevard is surrounded by various retailers and restaurants with access to plenty of street parking and public transportation.
Find property information and download the property brochure here: 11669 Santa Monica Boulevard
Want some tips on how to stand out in a crowded market? Click here to read my Q&A session in the latest edition of Commercial Investment Real Estate Magazine.
“I’m very niche-focused,” T.C. Macker, CCIM, says.
In the competitive Los Angeles real estate market, that focus has proven successful for Macker, president and managing director of Coldwell Banker Commercial WESTMAC. During the past 14 years, he’s earned a consistent string of awards from Coldwell Banker Commercial, and was the company’s second-highest producer in 2016.
The L.A. native started his career as a leasing agent for Grubb & Ellis and joined Coldwell Banker Commercial WESTMAC in 2002. He talked to Commercial Investment Real Estate about how to stand out in a crowded market.
CIRE: How did you get into commercial real estate sales?
Macker: I was burnt out on leasing, and when I joined WESTMAC, I was able to do a sale. Once I did that, I knew selling was what I wanted to do.
But I needed to educate myself; I don’t even think I could calculate cap rate. I took the CI 101 class, and all of the sudden, my calculator became my partner at every meeting. I took all the classes in about a year and earned my CCIM designation.
Today all I do is sales. I’m mostly selling buildings in the $1 million to $20 million range. I’m below the institutional level, although I do sell an institutional building occasionally.
My niche is really sales to high net-worth investors and small funds. I’m geographically focused; my market is West L.A. to downtown for office and retail on major streets – Sunset Boulevard, Wilshire Boulevard, and Santa Monica Boulevard.
Read the rest of the interview here: Q&A with T.C. Macker, CCIM