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T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $7 MILLION SALE OF COMMERCIAL PROPERTY IN WEST LOS ANGELES, CA


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Coldwell Banker Commercial WESTMAC has arranged the sale of 2435 Military Avenue in West Los Angeles for $7,000,000.

A private seller has sold a ±12,336-square foot two-story creative office building located near the corner of Military Avenue and Pico Boulevard. The property sits on ±18,600-square feet of land and was formerly occupied by a reprographics company.

“The property was purchased by 1031-exchange Buyer,” said T.C. Macker, CCIM.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC, Michael Mikail and Joe Babajian of Rodeo Realty represented both the Seller and Buyer.

 

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Just Sold: 2705 Pico Blvd in Santa Monica


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2705 Pico Blvd | $2.65M
Santa Monica, CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 2705 Pico Boulevard in Santa Monica for $2,650,000.

An investor in a 1031 exchange has purchased the 4,130-square foot two-structure retail building from a private Trust. The property is home to a single-occupant pre-school on a long-term lease.

“The property sold for a very aggressive cap rate at approximately 2.8%.” T.C. Macker, CCIM said.

The subject property resides along Pico Boulevard, which is home to a vibrant neighborhood full of pedestrian friendly sidewalks and plenty of walkable restaurants and retailers, including Trader Joes and Whole Foods.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Ernie Farhat of Sanjo Investments represented the Buyer.

T.C. Macker PR releases

Just Sold: $2.3M Office Building in West Los Angeles


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Los Angeles, CA – A private seller has sold a two-story West Los Angeles office building in a $2,300,000 off-market deal.

Located at 2330 Westwood Boulevard, the 4,788-square foot, multi-tenant office building was sold at $480 per square foot. Nestled along Westwood Boulevard between major thoroughfares Olympic and Pico Boulevard, the 6,480-square foot lot houses several Mom and Pop tenants.

Abundant walkable store-lined streets and an affluent residential demographic make West Los Angeles a popular retail and office submarket. “West Los Angeles is a highly desirable area for commerce,” said T.C. Macker, CCIM. “A great fit for the buyer who purchased the building as an owner-user.”

T.C. Macker, CCIM and Christian Holland of Coldwell Banker Commercial WESTMAC represented the seller. Eric Sackler of Coldwell Banker Commercial NRT represented the buyer.