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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, 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 IN BEVERLY HILLS


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Coldwell Banker Commercial WESTMAC has arranged the sale of 215 S. La Cienega Boulevard in Beverly Hills for $9,250,000.

Located near the corner of Wilshire and La Cienega, 215 S. La Cienega Boulevard has sold for approximately $719 per square foot. The sleek ± 12,857-square foot building consists of three-floors of create space that includes a combination of various, retail, medical and office tenants. The property rests on ± 11,000-square feet of land and was purchased by a private buyer.

“We had a lot of interested parties that were attracted to the property’s unbeatable location, unmatched exposure, and proximity to ample amenities,” said T.C. Macker, CCIM.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Elias Donay of Universal Capital Investments 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, 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.

 

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $12.35 MILLION SALE OF RETAIL CENTER IN SANTA MONICA, CA


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Coldwell Banker Commercial WESTMAC has arranged the off-market sale of 2822-2840 Santa Monica Boulevard in Santa Monica for $12,350,000.

A family trust has sold the ±13,752-square foot multi-tenant retail center located at the corner of Yale Street and Santa Monica Boulevard.

“The property sold for less than a 3% cap rate,” T.C. Macker, CCIM said.

T.C. Macker, CCIM and Christian C. Holland of Coldwell Banker Commercial WESTMAC represented both the Seller and Buyer.