Jennifer Moscoso

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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

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New Listing For Sale – Owner User or Investor Opportunity – Retail Strip Center in Santa Monica, CA

June 20, 2022June 20, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company is pleased to present the sale of 701-715 Pico Boulevard, a +/- 3,804 square foot retail strip located on +/- 5,110 square feet of land at the signalized NEC of 7th Street and Pico Boulevard in Santa Monica, California.

The property is currently occupied by three (3) tenants. All leases are month to month. This is an excellent opportunity for an owner-user or investor looking to purchase commercial property in highly-desirable Santa Monica.

The first class location is 0.5 miles from the Downtown Santa Monica Metro Expo Station at 4th and Colorado and easily accessible from all parts of Los Angeles via Pacific Coast Highway and the I-10 Freeway.

Click Here to Download Property Brochure

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $4.1 MILLION SALE OF MIXED USE IN PACIFIC PALISADES, CA

January 12, 2022February 7, 2022By T.C. Macker No Comments

WESTMAC Commercial Brokerage Company has arranged the sale of 15113 W. Sunset Boulevard in Pacific Palisades, CA for $4,100,000.

Rare retail/office building for sale in Pacific Palisades, CA. The property is comprised of a two-story ± 5,434 SF building on ± 4,498 SF of land and is occupied by multiple retail and small office tenants. The property was sold to an owner-user by a private seller and closed on December 22, 2021.

Positioned on iconic Sunset Boulevard across from the Ralph’s supermarket, 15113 W. Sunset Boulevard is in the heart of affluent Pacific Palisades, central to the area’s best shopping, dining, entertainment, and family-friendly activities, and is walking distance to Caruso’s Palisades Village.

“Properties rarely trade in Pacific Palisades,” said T.C. Macker, CCIM. “We received multiple offers and went into escrow very quickly,” he added.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Bradley Keyes of Keyes Real Estate represented the Buyer.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $8.5 MILLION SALE OF MIXED-USE IN LOS ANGELES, CA

January 11, 2022February 7, 2022By T.C. Macker No Comments

January 11, 2022

Los Angeles – WESTMAC Commercial Brokerage Company has arranged the sale of 8330 Beverly Boulevard in Los Angeles, California for $8,500,000.

An investor has purchased the 15,645 square foot two story multi-tenant retail/office building from a private seller. The building sits on 11,390 square feet of land om a high visibility corner location in Los Angeles’ Beverly Grove neighborhood. The first floor is leased to a mix of retail tenants, including I. Martin Bicycles. The second-floor creative offices were vacant at the time of sale. The second-floor feature high ceilings, skylights, plenty of windows, and a flexible floor plan.

The property sold on December 21, 2021.

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

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New Listing For Sale – Redevelopment Opportunity in Santa Monica, CA

November 2, 2021By T.C. Macker No Comments

Download Offering Memorandum

Due Diligence Vault

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire, 1718 20th Street, a 14,480 square foot site featuring a two-story commercial building totaling approximately 7,762 square feet (per tax record) in Santa Monica, CA. The site gives way to a prime redevelopment opportunity with unmatched visibility and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway, in one of the most dynamic office and retail markets in the world. The property currently houses an auto body shop on the first level, four (4) office tenants occupying five (5) suites on the second level and plenty of parking for approximately twenty (20) vehicles.

There is tremendous flexibility for owner-users or savvy investors seeking to redevelop the site. The property falls under Santa Monica’s Industrial Conservation (IC) zoning and can accommodate a variety of uses ranging from creative office, media production and car dealerships to R&D, self-storage and 100% affordable housing. 1718 20th Street is a rare opportunity for buyers looking to position themselves in one of Southern California most iconic and prosperous locales for technology, entertainment, and media.

Asking Price: $14,000,000

Listed by Tobin McAndrews, T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, |1515 S. Sepulveda Boulevard, Los Angeles, CA 90025 | Company DRE# 01096973 | http://www.westmac.com

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $11.5 MILLION SALE OF TWO COMMERCIAL BUILDINGS IN WEST HOLLYWOOD, CA

September 1, 2021By T.C. Macker No Comments

CLOSED ON AUGUST 19, 2021

WESTMAC Commercial Brokerage Company has arranged the sale of 8229 and 8235 Santa Monica Boulevard in West Hollywood for $11,500,000.

The sale was comprised of two separate multi-tenant buildings home to a mix of office and retail tenants. The offering consisted of 8229 Santa Monica Boulevard, a two-story ± 3,584 square foot building on 7,789 square feet of land, and 8235 Santa Monica Boulevard, a ± 18,322 square foot building on 9,826 square feet of land. A shared parking lot with approximately forty-eight spaces is located behind the buildings.

8229 and 8235 Santa Monica Boulevard are situated between Harper and Havenhurst Avenues at the center of a broad range of retail and office amenities that make up the highly traveled, popular Santa Monica Boulevard district. The immediate area is surrounded by affluent neighborhoods, highly sought-after boutique shopping, and some of the most desirable entertainment destinations in the world.

“The Seller received multiple offers within the first week which allowed for a quick closing at an aggressive cap rate,” said T.C. Macker, CCIM. “Under market rents and short-term leases created tremendous upside opportunity for the buyer,” Chris Holland added.

The buildings were sold together to an investor by a private trust.

T.C. Macker, CCIM, Christian C. Holland, and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Conor Halloran and Brad McCoy of Lee & Associates Los Angeles West, Inc. represented the Buyer. This is the second sale of the subject properties for the listing team at WESTMAC Commercial Brokerage Company.

T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF TRIPLE NET LEASED RESTAURANT IN SANTA MONICA, CA

August 25, 2021By T.C. Macker No Comments

PROPERTY CLOSED ON AUGUST 20, 2021

WESTMAC Commercial Brokerage Company has arranged the sale of 3221 Pico Boulevard in Santa Monica, California for $1,679,888.

An investor has purchased the 2,250 square foot single story restaurant building from a private Trust. The property is leased to a Vietnamese noodle bar, Viet Noodle. Cap rate was 5.6%.

“Once the mask mandate was lifted for indoor dining, the activity spiked and we garnered multiple offers shortly thereafter; and ultimately, selling to a 1031 exchange buyer,” said T.C. Macker, CCIM.

3221 Pico Boulevard is in an excellent Santa Monica location bordering West Los Angeles with easy access to the 10 and 405 freeways. The immediate area is home to a vibrant neighborhood full of pedestrian friendly sidewalks and plenty of walkable restaurants and retailers, including Trader Joes, Whole Foods 365, and The Upper West.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. George Gross of Coldwell Banker Commercial NRT represented the Buyer.

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New Listing For Sale – 6,900 SF of Multifamily Land in Brentwood – Development Opportunity

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

Located between Kiowa Avenue and Goshen Avenue, 1115-1121 S. Westgate Avenue features two parcels totaling ±6,900 square feet of land in the highly desirable Brentwood neighborhood with [Q]R3-1 zoning. The lack of developable R3 and R4 zones in LA is one of the biggest roadblocks to constructing new apartments, making this an extraordinary opportunity for savvy developers looking to build multifamily housing development. The former building has been demolished and the lot currently sits vacant. The Seller has submitted plans based on by right development for a four (4) story, eight (8) unit apartment building with one (1) level of subterranean parking. Plans are pending.

The Property’s unbeatable Brentwood location is one of Los Angeles’s most desirable and sought after neighborhoods , combined with a high barriers to entry market, making this a rare development opportunity. The Property is located less than one mile from the VA Greater Los Angeles Healthcare System and has a high walk score of 86. It is also in close proximity to UCLA, Westwood, Santa Monica and The Pacific Palisades. The location provides easy access to both the 405 and 10 freeways and access to many of the best shopping, dining, and museums that Los Angeles has to offer.

Download the OM here

You can download development information and other available due diligence documents by going to www.WestgateDevelopmentOpportunity.com.

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