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Commercial Real Estate, CRE News

New Listing For Sale: Multi-Unit Commercial Building on Washington Blvd


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WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 11452-11456 W. Washington Boulevard (“11456 Washington Boulevard”), a commercial building situated on the border of Los Angeles and Culver City.

The property is located on the south side of Washington Boulevard. The building is approximately 5,248-square feet (per tax record) and consists of three commercial units located on two parcels measuring approximately 6,500-square feet of land. A long driveway can accommodate approximately five stacked cars. One tenant occupies the front ground floor unit and the upstairs 2 bedroom-1 bath unit. They are on a month-to-month commercial lease (modified gross).

11456 Washington Boulevard offers excellent visibility along Washington Boulevard, a major thoroughfare which stretches from Culver City down to Marina Del Rey and Abbot Kinney Boulevard. The location is accessible to plenty of street parking and public transportation.

11456 Washington Boulevard is a unique opportunity for an investor or owner-user looking for prime commercial real estate in a great location with very limited supply.

PLEASE DO NOT DISTURB TENANT
THE PROPERTY IS BEING SOLD AS IS
ASKING PRICE IS $2,385,000 ($454/SF)

Download Full Property Brochure Here

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $13.4 MILLION SALE OF COMMERCIAL PROPERTY IN LOS ANGELES, CA


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12000-12008 Aviation Boulevard in Los Angeles, a commercial property near LAX, has sold for $13,400,000.

12000-12008 Aviation Boulevard is a multi-story R&D building comprised of approximately 49,632-square feet on approximately 61,420-square feet of land. The building was fully leased at the time of sale to one tenant, Trident Dental Laboratories, a manufacturer of dental products. The area is home to several leading aerospace, and research and manufacturing companies, including Boeing, Northrop Grumman, Aerospace Corporation, and Raytheon.

“Through our broad marketing process, we received multiple offers and ultimately selected the perfect buyer in a 1031-Exchange.”,” said T.C. Macker, CCIM. The buyer purchased the building as an investment. The seller will be pursuing other investment opportunities in a 1031-Exchange.

T.C. Macker, CCIM, William B. Althouse and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $3 MILLION SALE OF COMMERCIAL PROPERTY IN MALIBU, CA


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22221-22227 Pacific Coast Highway, a commercial property in the City of Malibu, has sold for $3,000,000.

22221-22227 Pacific Coast Highway is a mixed-use commercial property comprised of two buildings, one single-story commercial building and second two-story building totaling approximately 5,582-square feet on approximately 10,743-square feet of land. The building was fully leased at the time of sale to short term tenants.

The seller was a Trust who had owned the property since the 1960s. The building was purchased by Dartbu, LLC, a private investor.

“This was a rare Malibu commercial investment opportunity that generated multiple offers for our seller,” said T.C. Macker, CCIM.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF $17 MILLION COMMERCIAL PROPERTY IN SANTA MONICA


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1650 Euclid Street, a commercially-zoned piece of land in the highly-coveted City of Santa Monica, has sold for $17,000,000.

1650 Euclid Street is comprised of ±22,500-square feet of land, used by Seller’s to operate a towing business.

It is located on Euclid Street East of Olympic Boulevard and is a short distance from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and the Third Street Promenade. The property sold to an investor who plans to develop the site, at $755 per square foot.

1650 Euclid Street is adjacent to the headquarters of Bad Robot, the movie production studio of Star Wars director JJ Abrams.

“We are thrilled that we were able to achieve $755 per square foot of land in prime Santa Monica,” said Michael Gordon.  “That pocket is high demand area for entertainment and production businesses,” added T.C. Macker, CCIM.

T.C. Macker, CCIM, Michael Gordon, and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.

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

WESTMAC COMMERCIAL BROKERAGE COMPANY AND AJ MORGAN & COMPANY ARRANGES SALE OF CREATIVE OFFICE/RETAIL BUILDING IN BEVERLY HILLS


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337-339 S. Robertson Boulevard in Beverly Hills, a ±4,493-square foot freestanding commercial building on ±4,652-square feet of land, has sold for $3,126,000.

337-339 S. Robertson Boulevard is a uniquely designed building, featuring lush greenery, brilliant brick and steel exterior, and exposed brick interior. The building’s first floor is leased to two retail tenants, while the second-floor functions as creative office space.

WESTMAC Commercial Brokerage Company and AJ Morgan & Company partnered up to sell the two-story retail and office building. The buyer was an investor who plans to lease the second floor.

“This sale generated tremendous interest,” said T.C. Macker, CCIM. “We had multiple offers and were able to close in less than thirty days.”

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, and Hai-Ben David and Charles Jacob of AJ Morgan & Company represented both the Buyer and Seller.

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

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF CREATIVE FLEX IN HAWTHORNE


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Coldwell Banker Commercial WESTMAC has arranged the sale of 12831 Cerise Avenue for $3,278,525.

Located in the City of Hawthorne, blocks from the Hawthorne Airport and Space X facilities, the newly renovated creative flex sits at the forefront of a booming industrial hub. Ample activity surrounds the ±19,284-square foot property, which sold for $455 per square foot at a 5.3% cap rate.

The single-story ±7,200-square foot multi-tenant building features brilliant brick exterior, open floor plans, high bow and truss ceiling, and plentiful parking. The building was fully leased at the time of sale and underwent extensive property improvements prior to market.

“This was an ideal investment opportunity for our buyer, as seller had optimized interest with two new leases in place and a remarkable remodeled building specifically built-out for new tenants,” said T.C. Macker.

The buyer was in a 1031 exchange.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the seller and buyer. Albert Pacleb of LA Commercial, Inc. represented the seller.

Commercial Real Estate

New Listing for Sale – NNN Leased Investment – Bank of America in Metropolitan Atlanta


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Coldwell Banker Commercial WESTMAC is pleased to present the sale of 3026 & 3040 Panola Road, a single tenant, NNN leased investment located in the suburbs of Atlanta.

The offering is a free-standing building situated in Lithonia, Georgia, a picturesque metropolitan area approximately 15 miles east of the City of Atlanta. The building is approximately 4,500-square feet and sits on a roughly 1.255-acre lot made up of two parcels of land.

The property is currently leased by long-term tenant Bank of America, and is strategically located among several shopping plazas that include powerhouse retailers such as Walmart, Lowe’s and Publix supermarket.

The offering is an excellent opportunity for buyers seeking a well-located, stable, long-term leased investment.

You can download property brochure here.

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.