Los Angeles

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.

 

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.7 MILLION SALE OF PLAYA VISTA OFFICE BUILDING


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Coldwell Banker Commercial WESTMAC has arranged the sale of 5560 S. Centinela Avenue in the Playa Vista neighborhood of Los Angeles for $1,700,000.

The 2,134-square foot office building near the corner of Jefferson Boulevard and S. Centinela Avenue has sold to a private buyer for approximately $796 per square foot. The 5,027-square foot lot is minutes from The Brickyard, The Runway, Spruce Goose Hangar and many other major Playa Vista developments.

“Playa Vista is a hotbed for creative and tech industries and has quickly become one of the area’s most sought after neighborhoods,” said T.C. Macker, CCIM. “The buyer saw a great opportunity and purchased the property “As Is.’”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Todd Masser of Coldwell Banker Commercial NRT represented the Buyer.

Commercial Real Estate, T.C. Macker PR releases

Just Sold – 11669 Santa Monica Blvd in West LA


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COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4.7 MILLION SALE OF MEDICAL-OFFICE BUILDING IN WEST LOS ANGELES, CA

Los Angeles – Coldwell Banker Commercial WESTMAC has arranged the sale of 11669 Santa Monica Boulevard in West Los Angeles for $4,700,000.

A private seller has sold the ± 7,658-square foot medical-office building for approximately $613 per square foot. Located near the corner of Santa Monica Boulevard and S. Barrington Avenue, the highly-visible property occupies ± 8,028-square feet of land. The property sold to an owner-user dermatologist group.

“We have multiple offers on the property,” T.C. Macker, CCIM said. “Ultimately we found the perfect owner-user buyer.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC and Brian Hatkoff of Hatkoff Investments represented both the Buyer and Seller.

Commercial Real Estate

For Sale in Beverly Hills – Commercial Building on Robertson Blvd


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New Listing – Located along Robertson Blvd near the corner of Wilshire Blvd is 153-155 S. Robertson, a ± 2,623 square feet commercial building in Beverly Hills. The property is being offered For Sale and vacant. The property is an excellent opportunity for those looking to purchase commercial real estate in a prime retail and office market in Beverly Hills.

For more information, you can download the property brochure HERE.

Commercial Real Estate

For Sale in Los Angeles – Commercial Retail Building Along Venice Boulevard


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New Listing for a 2-unit retail in Los Angeles along Venice Boulevard located at 12820 Venice Boulevard. The property is adjacent Venice, and walking distance to Downtown Mar Vista. Building is currently 100% leased with leases expiring this year. A parking lot is located in the rear of the building.

To find out more info, you can download the property brochure HERE.

Commercial Real Estate

New Listing in West LA: Office/Medical with Billboards Along Santa Monica Blvd


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11669 Santa Monica Boulevard is a unique opportunity for an investor or owner-user looking for a prime medical office building in one of the most desirable urban office and retail markets in the world. Located along the north side of the famous Santa Monica Boulevard one-half block east of South Barrington Avenue, the property consists of a ±7,658-square feet two-story building approximately on ±8,028-square feet of land. The city allows ±1,846 square feet of the building for medical space use. Two billboards on the roof allow for additional income or personal use, while a spacious open-air parking lot located behind the building. 11669 Santa Monica Boulevard is surrounded by various retailers and restaurants with access to plenty of street parking and public transportation.

Find property information and download the property brochure here: 11669 Santa Monica Boulevard