investment sales

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

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF COMMERCIAL BUILDING IN LOS ANGELES & CULVER CITY


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11452-11456 W Washington Boulevard, a multi-tenant commercial building, has sold for $2,385,000.

11452-11456 Washington Boulevard is comprised of one ± 5,248-square foot building on ± 6,500-square feet of land. The site features 50 feet of frontage along Washington Boulevard, three commercial units, one of which has a bow truss ceiling. The property, formerly occupied by artists, is located in Los Angeles and Culver City.

The front two commercial units were leased to a single tenant, art gallery, at the time of the sale, the rear unit was vacant.

“We were able to drive great interest for the property and ultimately sold at asking price to a 1031 exchange buyer” said T.C. Macker, CCIM.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Dan Pickart of Industry Partners represented the Buyer.

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

New Listing For Sale – Mixed Used Investment in Santa Monica – Prime Location


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Coldwell Banker Commercial WESTMAC, as exclusive agent, is pleased to present the sale of 728-734 Montana Avenue in Santa Monica, California. 728-734 Montana Avenue is a sizable two-story mixed-use investment opportunity situated at the signalized intersection of Lincoln Boulevard and Montana Avenue.

The building is approximately 8,255-square feet (8,412 SF per tax record) on approximately 13,500-square feet of land. Three retail units occupy the ground floor. Six loft-style apartments make up the second floor. The property includes a dedicated parking lot with 28 spaces (26, plus 2 handicap).

The property is located along the popular Montana Avenue Shopping District, home to an abundance of high-end retailers, businesses, and eateries that serves Santa Monica’s affluent community.

728-734 Montana Ave – Flyer

*For the Full Offering Memorandum & access to Due Diligence documents, you must sign a CA by visiting property information page, You can access page here.

Commercial Real Estate, CRE News

Q&A with T.C. Macker: How to Stand Out in a Crowded Market


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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