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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

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

For Sale in Santa Monica – Commercial Building & Residential Bungalow


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Coldwell Banker Commercial WESTMAC, as exclusive agents, are pleased to present for sale or lease, 1820 Broadway. 1820 Broadway consists of two freestanding buildings – a highly visible, approximately 2,500-square foot, modernly designed commercial building that can cater to a wide range of uses including retail, office, creative, and entertainment purposes, and a separate single-family residential cottage made up of approximately 625-square feet. The offering totals about 3,125-square feet on approximately 5,000-square feet of land. The entire property is currently vacant.

1820 Broadway is located one block south of Santa Monica Boulevard, at the southeast corner of Broadway and 18th Court. The property fits seamless among the Broadway corridor made up of aesthetically upgraded and well-maintained buildings that house various retailers, offices, restaurants and entertainment companies. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity. 1820 Broadway is located less than 1.5 miles from Downtown Santa Monica and popular tourist destinations that draws thousands of visitors on a daily basis.

You can get the property brochure here.

 

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

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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