Los Angeles

Commercial Real Estate

New Listing – Owner User Opportunity in Beverly Hills Golden Triangle For Sale


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Coldwell Banker Commercial offers for sale 9677-9681 Wilshire Boulevard in Beverly Hills. The offering is a two-story ±4,428-square foot commercial building inside Beverly Hills’ illustrious Golden Triangle. The building sits on ±3,239-square feet of land, across from Saks Fifth Avenue on Wilshire Boulevard.

9677-9681 Wilshire Boulevard is two blocks from Rodeo Drive, the popular tourist destination that draws thousands of visitors on a daily basis. Multi-million dollar homes and high-end multi-family units make up the upscale residential neighborhoods that surround this amenity rich district.

This is a great opportunity for an owner-user looking to capitalize on Wilshire Boulevard’s high visibility, set up shop in Beverly Hills’ booming retail market, and gain access into one of the most exclusive zip codes in the country.

Get more info & property brochure here.

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

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN LOS ANGELES’ HARVARD PARK


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Coldwell Banker Commercial WESTMAC has arranged the sale of 7000-7012 S. Western Avenue in Los Angeles for $1,800,000.

Located on the Southwest corner of S. Western Avenue and W. 70th Street in the Harvard Park neighborhood of Los Angeles, 7000-7012 S. Western Avenue is a ± 8,519-square foot building situated on a ± 15,287-square foot lot.

The property’s configuration made it an ideal events and entertainment venue, with features including a performance stage, large open area with span truss ceiling and ample parking.

“Entertainment, religious and events venues are hard to come by,” said T.C. Macker, CCIM. “The buyer purchased an owner-user and will occupy as a church.”

T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented the Seller.  Daniel Melendez of Coldwell Banker George Realty represented the Buyer.

Commercial Real Estate

New Listing – For Sale – 100% Leased Investment in the South Bay


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Coldwell Banker Commercial WESTMAC and LA Commercial, Inc. as exclusive agents, are pleased to present for sale 12831 Cerise Avenue. 12831 Cerise Avenue is an exceptional 100% leased, “creative flex” situated on approximately 19,284-square-feet of land in L.A.’s highly desirable South Bay region. Built in 1951, 12831 Cerise Avenue is an approximate 7,200-square foot, brick building recently renovated to the highest degree. The property is attentively designed with brand new sandblasted bow-truss roof system, vaulted ceilings, and an open floor plan. It is an ideal investment for buyers looking to increase their positive cash flow and take advantage of the South Bay’s highly sought after creative flex market.

12831 Cerise Avenue is located in the City of Hawthorne in Los Angeles’ South Bay. Two brand new 5-year leases with beautifully appointed creative flex build outs.

The property benefits from the high demand for South Bay commercial property and is located adjacent to the Hawthorne Municipal Airport, home to Tesla and Space X. Some of the major area tenants include Tesla, SpaceX, Boeing, Toyota, Lockheed Martin, Honda, Tesoro, Amazon’s Ring, LA Aleworks Brewery and many others.

Find all property details and sale brochure by visiting HERE.

 

Commercial Real Estate

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF MULTI-TENANT COMMERCIAL PROPERTY IN MARINA DEL REY


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3007 Washington Blvd | Sold for $7,515,888
Los Angeles (Marina Del Rey), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 3007 Washington Boulevard for $7,515,888.

Located along Washington Boulevard between major thoroughfare Lincoln Boulevard and popular Abbot Kinney Boulevard, 3007 Washington is made up of one two-story multi-tenant building approximately 11,312-square feet on an approximate 9,904-square-foot lot. The building is occupied by a mix of creative offices and retail.

Ness Holdings Inc, the seller, purchased the property in 2015 and performed substantial renovations to the exterior and select interior units.  Ness saw an opportunity to reposition an underperforming asset in a great sub-market for creative office tenants.  During its ownership, Ness released ~30% of the renovated space to a variety of new tech firms, further validating the area’s desirability amongst tech firms. The building was purchased by Ashley Square Associates, LLC, a company sponsored and controlled by Craton Capital Management, in a tax deferred 1031-exchange.

“This area attracts many of the city’s tourist due to its close proximity to Abbot Kinney, Lincoln Boulevard and the beach, making it very appealing to buyers.” T.C. Macker, CCIM said. “We had a lot of interested parties and received multiple offers.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC and Michael Preiss, Kevin Simpson, Erica Taylor of rsfLA, Inc represented both the Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN MAR VISTA


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12820 Venice Blvd
Los Angeles (Mar Vista), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 12820 Venice Boulevard for $1,275,000.

12820 Venice Boulevard, a commercial retail building near downtown Mar Vista, has sold for $645 price per square foot. The property consists of one single-story building, approximately 1,974-square feet on an estimated 4,721-square feet of land.

A private buyer purchased the property as owner-users and was able to secure 90% SBA financing. “The buyer recognized a unique opportunity to purchase prime commercial real estate that would give their business excellent visibility along Venice Boulevard,” said T.C. Macker, CCIM.

The area along Venice Boulevard is amenity rich, surrounded by dense residential, and is easily accessible to the 405 Freeway and Pacific Coast Highway.

T.C. Macker, CCIM and Brian R. Hart of Coldwell Banker Commercial WESTMAC represented Buyer and Seller.

Commercial Real Estate

New Listing in Santa Monica – For Sale – 1327 Fifth Street


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Boutique Retail in the Heart of Santa Monica

Kennedy Wilson and Coldwell Banker Commercial WESTMAC are proud to present the opportunity to acquire the fee simple interest in 1327 Fifth Street, a charming, free-standing retail building located in the heart of Downtown Santa Monica. Just blocks from Third Street Promenade, the Santa Monica Pier, and the Pacific Ocean, the property is fully occupied by a well-known luxury apparel and housewares retailer.

For more information and access to property brochure, please visit:  www.1327FifthSt.com

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

Just Sold: Coldwell Banker Commercial WESTMAC arranges sale of commercial property in Leimert Park


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Coldwell Banker Commercial WESTMAC has arranged the sale of 3440-3450 W. 43rd Street in Leimert Park for $2,050,000.

Located along W. 43rd Street near Crenshaw Boulevard in the Leimert Park neighborhood of Los Angeles, 3440-3450 W. 43rd Street includes a ±9,240-square foot mixed-use building on a ±15,769-square foot lot.  The building is currently a mix of office and medical uses.

With voter approval of Measure M, the City of Los Angeles has put into motion a mass transit expansion project focusing on adding new housing and economic activity in commercial, industrial and multifamily areas near L.A. transit nodes. The parcels that qualify are measured by the Transit Oriented Communities (TOC) Affordable Housing Incentive Program. 3440-3450 W. 43rd Street falls under TOC Guidelines Tier 4.

“The TOC Incentives have brought a lot of new interest into the Leimert Park area,” said T.C. Macker, CCIM. “As a Tier 4 property, the Buyer has the largest incentives available for maximum redevelopment potential.”

T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented the Seller.  Jamie Brooks of CBRE represented the Buyer.

Commercial Real Estate, CRE News

Just Sold in Santa Monica – 1820 Broadway


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1820 Broadway | Sold for $$2,862,500
Santa Monica, CA

1820 Broadway in Santa Monica has sold for $2,862,500. The ±3,125-square foot property is made up of a ±2,500-square foot commercial building and a ±625-square foot detached residential dwelling in rear. The property was being offer for sale or lease and was purchased by an owner-user. T.C. Macker and J. Patrick Sheekey of Coldwell Banker Commercial represented the Seller. Jeff Pion of CBRE represented the Buyer.

Seller Results:

-30 Day Escrow

-All Cash Buyer

-Buyer is an Owner-User

-Multiple Offers Received

-Seller will do a 1031 exchange

Commercial Real Estate, CRE News

For Sale: Commercial Building with Billboard in Venice


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Coldwell Banker Commercial WESTMAC, as exclusive agent, is pleased to present the opportunity to purchase 428-436 Lincoln Boulevard. 428-436 Lincoln Boulevard is a commercial property situated along one of the most highly-traveled boulevards on the Westside. It is made up of approximately 3,485-square feet of land with a 1,580-square foot (buyer to verify), one-story building. The entire property is currently vacant. The property is located on a prime strip of Lincoln Boulevard that is frequently used by commuters and visitors traveling through Venice, and an ideal spot surrounded by walkable amenities, including Whole Foods, Smart & Final, CVS, California Chicken Cafe, Wurstkuche Restaurant, and many others.

428-436 Lincoln Boulevard is being offered for sale and includes a double-sided billboard. The building is currently vacant, and the billboard has a lease in place. 428-436 Lincoln Boulevard is 1.5 miles to Venice Beach and the famous Venice Beach Boardwalk, which draws thousands of visitors on a daily basis.

Get the property brochure here.