commercial properties

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New Listing For Sale — Iconic CPK Building in Westwood

November 29, 2023By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company and Beitler Commercial Realty Services are pleased to offer the opportunity to acquire 1001 Broxton Avenue, a +/- 16,256 square foot multi-tenant commercial building situated on +/- 9,829 square feet of LAC4 zoned land in Westwood Village, adjacent to the UCLA campus. This is a trophy location with a proven track record of success; California Pizza Kitchen has been a tenant for 25 years. The building is home to both office and retail tenants.

This iconic property is prominently situated at the intersection of Broxton Avenue and Weyburn, a corner that is buzzing with foot traffic. Two famous movie theaters sit right across the street—The Regency Bruin Theater and The Regency Village theater—both of which regularly host movie premiers. The surrounding area is packed with bars, restaurants, coffee shops, and more, including a weekly Thursday farmers’ market on Broxton Avenue, steps from the property.

The building was built in 1931 and designed by architects Alvan Norstrom and Milton Anderson, whose noteworthy designs can be found throughout Los Angeles, Santa Monica, and Pasadena. The ground floor currently comprises California Pizza Kitchen, as well as Brandy Melville and Image Wireless Inc. The second floor offices contain 16 suites, many rented out to short term tenants. The vacant units are bright and comfortable with large windows that offer excellent views of Westwood Village.

1001 Broxton has incredible potential for investment buyers who are looking for a rare opportunity to own a pre-eminant property in one of Los Angeles’s most desirable neighborhoods.

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WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $4.1 MILLION SALE IN LOS ANGELES’S PICO-ROBERTSON NEIGHBORHOOD

November 21, 2023By T.C. Macker No Comments

Los Angeles – WESTMAC Commercial Brokerage Company has arranged the sale of 8750 W Pico Blvd in Los Angeles, California for $4,100,000.

8750 W. Pico Blvd. sold to a local area Synagogue. The building is +/-5,728 square feet on +/-6,535 square feet of land in Los Angeles’ Pico-Robertson neighborhood. The property is a free-standing single tenant commercial building situated at the busy intersection of Pico Boulevard and Wooster St., where more than 34,000 vehicles travel pass daily.

“This property presents an exciting opportunity in a dynamic neighborhood that is ideal for an owner/user, especially a religious institution” said T.C. Macker. “It’s a great neighborhood and we find the ideal fit.”

T.C. Macker, CCIM and Woody Cook of WESTMAC Commercial Brokerage Company represented the Seller. Seth Grossman and Jeff Gray represented the Buyer.

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For Sale – Exceptional Medical Building in Brentwood

October 25, 2023October 25, 2023By T.C. Macker No Comments

Beitler Commercial Realty Service and WESTMAC Commercial Brokerage Company are delighted to present an exclusive opportunity to acquire 11860 Wilshire Boulevard, a medical office building situated in the highly sought-after Brentwood submarket of West Los Angeles. This remarkable property boasts 15,714 square feet of space spread across three floors, all nestled on a generous 18,731-square-foot parcel of land.

The ground floor features a pharmacy and offers flexibility with a versatile “dark” urgent care facility. Additionally, the second floor offers up to 2,890 square feet of available space, previously occupied by a fertility clinic, making it an attractive option for owner-users or new tenants. The remaining portions of the building are currently leased to a diverse mix of medical tenants.

Positioned prominently near the Southwest corner of Westgate and Wilshire, this property enjoys high visibility and proximity to two major hospitals: UCLA Medical (Ronald Reagan) in Westwood and Providence St. John’s in Santa Monica. With an impressive walk score of 90, the location is truly a Walker’s Paradise. Ample parking is provided on the surface lot behind the building, and an additional surface lot is located just across the street on Westgate.

Given its prime location and the scarcity of available properties in the market, 11860 Wilshire Boulevard represents a unique and exceptional opportunity to acquire a medical office building. Don’t miss the chance to invest in this highly coveted asset.

Download Offering Memorandum Here.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $12 MILLION SALE OF THREE CONTIGUOUS PARCELS IN LOS ANGELES

October 4, 2023By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 3424, 3428, and 3440 Motor Avenue in Los Angeles, California for $12,000,000.

3424, 3428, and 3440 Motor Avenue sold to a developer in three separate transactions; 3424 Motor: $3,750,000; 3428 Motor: $3,750,000; 3440 Motor: $4,500,000. The parcels comprise +/-36,864 square feet of developmental land with +/-23,570 square feet of leased improvements in Los Angeles’ Palms neighborhood. The properties are commercial zoned land for mixed-use.

“These properties present an exciting opportunity for mixed-use development,” said T.C. Macker. “This sale underscores the potential for growth and investment in this dynamic neighborhood and the dire need for more housing.”

T.C. Macker, CCIM, of WESTMAC Commercial Brokerage Company was the broker on this transaction.

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For Sale – Single Tenant NNN Leased Investment Opportunity in Santa Monica, CA – 6.9% Cap Rate

January 27, 2023January 26, 2023By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 1415 Wilshire Boulevard in Santa Monica, California, a single tenant triple net (NNN) leased retail property located along highly trafficked Wilshire Boulevard, just east of 14th Street. The Property is approximately one (1) mile from Downtown Santa Monica and twenty (20) minutes from Los Angeles International Airport.

Built in 1930, 1415 Wilshire Boulevard is approximately 4,878 square feet of storefront retail building situated on approximately 5,000 square feet of land. The Property falls under Santa Monica’s MUB (Mixed Use Boulevard) zoning within the highly affluent and densely populated Wilshire-Montana neighborhood, where median household income is estimated at $110,000 within a one-mile radius, and average home valued over $1 million.

1415 Wilshire Boulevard is currently leased to a single-tenant, Gloveworx, a premiere training gym and boxing studio, on a triple-net basis. There are 6.5 years remaining on the lease and 3% annual increases. The Initial Term of the Tenant’s lease is set to expire on July 31, 2029, plus one (1) additional five (5) year option to extend.

1415 Wilshire Boulevard is walking distance to an abundance of retailers, including Vons, Rite Aid, Bank of America, Santa Monica UCLA hospital, and many more. It is a 14-minute walk (0.6 mi.) from the Metro E Line (Expo) at the 17th Street / SMC Station stop and features a Walk Score of 92 (Walker’s Paradise).

This is an excellent opportunity for buyers looking for an up-leg property on their 1031-exchange with low to minimal management responsibility.

Download Offering Memorandum Here

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For Sale – Jewel Box Multi-Tenant Creative Office Building – Investment – 7.01% Cap – Brentwood/Westwood

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

WESTMAC Commercial Brokerage company is pleased to present this investment opportunity to acquire a jewel box multi-tenant officer building minutes from UCLA. 520 S. Sepulveda Boulevard is a 23,975 SF (gross per BOMA) office building with a net rentable of 19,812 SF situated on 8,821 SF of land in the Brentwood/Westwood submarket of Los Angeles.

The four-story office building is currently leased to multiple tenants providing an opportunity for investors to collect on-going income. Additionally, the Property offers an ideal creative/office work environment that can accommodate multi or single tenant.

The Property is currently 97.1% leased. There is a parking garage on the ground floor with 22 parking spaces, including two tandem and two ADA spaces, and a lower level with 23 parking spaces (reserved only).

520 Sepulveda offers open courtyard, plentiful parking, and opportunity to boost stream of income through a plug and play cell tower platform, and freeway visible signage.

The Property benefits from prime Westside location surrounded by the highly affluent communities of Bel Air, Brentwood, Westwood, Santa Monica, and Beverly Hills.

Download Offering Memorandum Here

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For Sale or Lease – High Identity Multi-Tenant Office Minutes from LAX and LMU

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

WESTMAC Commercial Brokerage Company is proud to present the opportunity to purchase or lease 7151 W. Manchester Avenue, a highly visible two-story office building located on the three (3) parcels of land in the affluent community of Westchester, minutes from Los Angeles International Airport and Loyola Marymount University.

Built in 1966, and renovated in the mid-2000’s, 7151 W. Manchester Avenue features ± 11,711 square feet of building comprised of two above grade levels (± 8,002 square feet) plus an improved basement level (± 3,709 square feet). The building is situated on a rectangular shaped corner site consisting of three (3), [Q] C2-1-CDO, commercially zoned parcels, or ± 17,981 square feet of land. The site includes a parking lot with 44 parking spaces (22 single spaces & 9 tandem spaces).

The ground floor and portions of the basement are leased to a Chase bank branch and Verizon Wireless in support of a cellular roof antenna. The ± 4,293 square foot second floor is currently vacant. The property is nestled at the northeast corner of Manchester Avenue and Fordham Road, facing the heavily traveled signalized intersection of Lincoln Boulevard with a daily traffic count of over 39,000 CPD. The area is an ideal location surrounded by walkable amenities, including Bristol Farms, LA Fitness, Ralph’s Bank of America, Bowlero, Otis College, Westchester Municipal Center, and much more.

The property’s location is part of Southern California’s Silicon Beach. This region has attracted tech companies ranging from startups to established tech giants, recognizable names like Google and Facebook are neighbors with buzzy startups.

Download Offering Memorandum Here

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For Sale – 11,603 SF Prime Corner Site Adjacent Iconic Venice Sign in Venice Beach, CA

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

WESTMAC Commercial Brokerage Company is pleased to present the exceptional opportunity to acquire 100% fee simple interest in 100 Venice Way, ± 1,118 SF of improvements on ± 11,603 square feet of land with billboard in Venice, California.

Situated just one-block from the world-renowned Venice Boardwalk and the historical Venice sign, the property offers potential to build between 9 and 14 multifamily residential units. This is an excellent opportunity to own prime commercial real estate in one of Southern California’s most visited locales, and one of the most vibrant commercial and residential markets in the country.

100 Venice Way has a Walk Score of 94 (Walker’s Paradise) and is walking distance to dozens of restaurants, shops, and services, including Hotel Erwin, Great White, Eggslut, Venice Market, Tocaya Modern Mexican, and many others. Less than a block from the Site, along Windward, are trendy neighborhood hot spots: Gjusta Grocer, Winston House, Gran Blanco, and Belles Beach House.

Download Offering Memorandum Here

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.

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