Retail market

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

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: $9.6M Sale of High Street Retail in Los Angeles


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Los Angeles – Coldwell Banker Commercial WESTMAC has closed on an off-market sale of 8213-8223 W. 3rd Street. The deal was between private family trusts and comprised of two joint retail buildings purchased at $9,600,000.

Built in 1988, the 7,237-square foot trophy property houses Toast Bakery Café among other retailers, and sits at the corner of S. Harper Avenue and W. 3rd Street in L.A.’s trendy Beverly Grove neighborhood. The lot totals approximately 9,780-sqaure feet, which is conveniently located ½-mile between several of the city’s popular tourist destinations – The Grove, the Original Farmers Market, and the Beverly Center in adjoining Beverly Hills.

“The seller was able to achieve a high price per square foot at $1,326.” T.C. Macker, CCIM said. “Properties are hard to come by on 3rd Street.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. William B. Althouse of Coldwell Banker Commercial WESTMAC represented the seller.

Commercial Real Estate

New Listing: Investment Opportunity in Santa Monica’s Silicon Beach


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Pleased to present to you the sale of 2705 Pico Boulevard in prime Santa Monica. The property is a ± 4,130 square foot, two-structure offering with single tenant occupancy located on a ± 9,351 square foot lot. Situated off Pico Boulevard, the heavily trafficked thoroughfare is home to a vibrant community of restaurants and retailers, and is easily accessible to the I-10 freeway and Metro Light Rail. The property is part of a thriving office and retail market surrounded by a dense, affluent residential demographic in the heart of  Los Angeles’ “Silicon Beach.” This is a unique opportunity for an investor looking to acquire property in a highly sought-after, family-friendly, e-commerce driven locale.

For more information, please contact me here. You can download the property brochure from here.

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