Santa Monica

Commercial Real Estate, CRE News

For Sale – Santa Monica – STNL – 4.96% Cap


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WESTMAC Commercial Brokerage Company is proud to present the sale of 3221 Pico Boulevard, a highly visible single-tenant net-leased commercial restaurant located in Santa Monica, one of Los Angeles’s most exciting neighborhoods for food, culture and entertainment. 3221 Pico Boulevard is a 2,250 square foot single tenant commercial building situated on approximately 2,500 square feet. It was built in 1952 and part of Santa Monica’s Neighborhood Commercial (NC) zone.

3221 Pico Boulevard is nestled along the heavily-traveled Pico Boulevard, surrounded by an amenity rich area walking distance from its doors. It is currently leased to a restaurant tenant. The lease is triple net (NNN) providing for zero to very minimal landlord responsibilities. The monthly triple net (NNN) rent is currently $7827.70 with CPI adjustments each February 1. The triple net charges are approximately $1,036 per month. The current lease expires January 31, 2025.

The property is strategically located in an excellent Santa Monica location bordering West Los Angeles, Westwood, Brentwood, Mar Vista, Venice and Pacific Palisades are adjoining neighbors with easy access to the 10 and 405 freeways. Walkable amenities include Trader Joe’s, Whole Foods Market 365, UnUrban Coffee House, Chase Bank, Rejuice, Crossfit Reflex, The Upper West, Valentino, and many more!

Click Here to Download Offering Memorandum

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $2.735 MILLION SALE OF COMMERCIAL BUILDING IN SANTA MONICA


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Sold on February 19, 2021

Santa Monica – WESTMAC Commercial Brokerage Company has arranged the sale of 3009 Lincoln Boulevard in Santa Monica for $2,735,000, or $912 per square foot.

3009 Lincoln Boulevard is a single-tenant retail/office building comprised of approximately 3,000 square-feet on approximately 8,288 square-feet of land. The building was previously used as a dance studio and features hardwood floors, corner parking lot with thirteen parking spaces, and excellent visibility along Lincoln Boulevard. The building was vacant at the time of sale.

“That pocket of Santa Monica is popular for commerce and was a great fit for the Buyer who purchased the building as an owner-user,” said Jeff Pickett.

Jeffrey M. Pickett and T.C. Macker, CCIM of WESTMAC Commercial Brokerage Company represented the Buyer. Drew McAllister of NRE Commercial represented the Seller.

Commercial Real Estate

Office / Retail Opportunity | Santa Monica | For Sale or Lease


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Download Offer Memorandum here for more information

WESTMAC Commercial Brokerage Company, as exclusive advisor, is pleased to present 1710 Santa Monica Boulevard for sale or lease. 1710 Santa Monica Boulevard is located at the corner of Santa Monica Boulevard and 17th Street on approximately 10,000 square feet of land, and is made up an approximately 7,000 square foot, two-story building, tailored for office and retail use. Built in 1946, 1710 Santa Monica Boulevard has gone through many renovations over the years. The most recent tenant was Enterprise Rent-a-Car, which occupied the entire building. There is on-site parking for approximately fifteen [15] cars, and an ample amount of metered parking along the street. The building is currently 100% vacant. 1710 Santa Monica Boulevard offers excellent visibility along a highly traveled street in Santa Monica and is located seventeen [17] blocks from the Santa Monica Beach & Pier. The subject property is in close proximity to a variety of amenities; including shops, restaurants, bars, boutiques, and entertainment venues. The location has plenty of accessible public transportation – from MetroLight Rail, to Bus, to scooter. Moreover, there are plenty of major employers in the immediate area. 1710 Santa Monica Boulevard is an incredible opportunity for buyers or tenants to purchase or lease a preeminent location in one of the most in-demand real estate markets in the world.

More than 7 million visitors a year come toSanta Monica, for the world famous beaches and for it’s easy accessibility to other LosAngeles area attractions. Santa MonicaBeach averages more than 300 days of sunshine a year and offers some of the best sunsets on the West Coast. Santa Monica is also known for its walk and bike-friendly streets, as well as ample bus and MetroLight Rail opportunities. Wether you come to Santa Monica to live, work, or play, it is extremely easy to get around and experience all the shops, restaurants, and attractions. Downtown Santa Monica draws thousands of visitors and residents to its streets and coastline. Located alongside the famous Pacific Coast Highway SantaMonica is home to the Santa Monica PierMonica Place Shopping Center, PalisadesPark and Santa Monica beach. With breathtaking ocean views that stretch as far as the eye can see, it undoubtably has the best sightseeing a city can offer.

Commercial Real Estate

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF $4 MILLION SANTA MONICA APARTMENT COMPLEX


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WESTMAC Commercial Brokerage Company has arranged the sale of 2823 2nd Street, a 12-unit apartment complex in Santa Monica, for $4,000,000.

2823 2nd Street is situated on ± 13,063 square feet of land at the northeast corner of Ashland Avenue and 2nd Street in the Ocean Park neighborhood of Santa Monica.  The 12-unit apartment complex features approximately 7,407 square feet of improvements comprised of eleven 1-bed, 1-bath units, and one studio apartment.

This was an estate sale. The buyer, Vectra Management Group, purchased the property as part of a 1031-exchange.

“Vectra has an excellent track record and showed interest right away,” said T.C. Macker, CCIM. “It’s a great addition to their growing portfolio.”

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company arranged the transaction.

About WESTMAC Commercial Brokerage Company

WESTMAC Commercial Brokerage Company is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full-service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. From 2001 until 2018, the company was affiliated and a franchisee of Coldwell Banker Commercial before returning to its roots, as WESTMAC Commercial Brokerage Company.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

Our standard is “The client’s best interest must be the guiding force behind all services.”

Commercial Real Estate

Just Listed | 18th & Broadway | Santa Monica | 15K SF of Land


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WESTMAC Commercial Brokerage Company, as exclusive agent, is pleased to present the sale of 1807 Broadway and 1449 18th Street (“18th and Broadway”), two parcels of land on the NEC of Broadway and 18th Street totaling 15,000 square feet in Santa Monica, California.
The property is zoned Mixed-Use Boulevard Low (MUBL) giving buyers an opportunity for future development. The property is currently leased to a local car dealer as a parking lot for $13,733 a month. The lease expires on September 30, 2020 with no option to extend. This is a rare opportunity for a buyer/developer to receive income while they process their entitlements.
The first class location is 0.2 miles from the Expo Metro Station at 17th and Colorado and easily accessible from all over Los Angeles via the I-10 Freeway on ramp and offramp at 20th Street. The property is a few block from both Santa Monica UCLA Medical Center and Providence St. John’s Medical Center. Large complexes, such as the Watergarden and Colorado Center, are nearby, and are home to leading employers like Amazon, Oracle, Universal Music Group, CBS, Edmunds, Viacom, Lionsgate and many more! There are numerous walkable amenities, including a grocery story (Santa Monica Co-Opp), coffee, restaurants, fitness and shopping.
The underlying zoning allows for mixed-use (retail and apartments), office, medical (with CUP) and other potential uses, making 18th & Broadway one of the last blank canvases left in all of Santa Monica!

Click here to download the offering memorandum.

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Commercial Real Estate

Just Listed: 2823 2nd St., Santa Monica, CA 90405 | Multifamily | 12 Units in Santa Monica | $363K/Unit


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WESTMAC Commercial Brokerage Company, as exclusive agent, is pleased to present the sale of 2823 2nd Street in Santa Monica, a 12-unit apartment building on the NEC of 2nd Street and Ashland Avenue, blocks from the Pacific Ocean, in the Ocean Park neighborhood of Santa Monica.

The building is approximately 7,407 square feet situated on approximately 13,063 square feet of land. It is comprised of twelve (12) units: eleven (11) one bed + one bath apartments and one (1) studio apartment (buyer to verify). The building is subject to City of Santa Monica rent control. Currently, two (2) out of twelve (12) units have been deliberately left vacant. There are nine (9) small garages on the property that are used by tenants as storage.

2823 2nd Street is located in Santa Monica’s Ocean Park neighborhood, one block east of Main Street, and approximately 3 blocks east of the beach. Santa Monica’s Ocean Park neighborhood offers picture perfect sunsets and world class shopping, dining and entertainment all a short walk from the subject property. The property is situated approximately 1.1 miles south of the I-10 Freeway, Downtown Santa Monica’s Light Rail Station, and Downtown Santa Monica’s unparalleled amenity base.

Historically low vacancy rates make Santa Monica one of the most stable rental markets. 2823 2nd Street is a rare opportunity for investors looking to purchase commercial real estate in one of the most coveted markets in the world.

View property brochure here.

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Commercial Real Estate, CRE News

New Listing: For Sale – Santa Monica – Small Leased Investment


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3221 Pico Boulevard, a highly visible single-story commercial retail space located in one of Los Angeles’s most exciting neighborhoods for food, culture and entertainment – Santa Monica. In a market with very high demand and very few opportunities, this is a rare opportunity to own in prime Santa Monica.

The subject property is nestled along the heavily-traveled Pico Boulevard, surrounded by an amenity rich area walking distance from its doors, and encircled by a dense affluent residential population. It is currently leased to a restaurant tenant The property is near the 10 and 405 Freeways, giving travelers easy access to all parts of the City, including Santa Monica’s most famous attractions: the beach, pier, and world-class shopping & entertainment.

The property is strategically located in an excellent Santa Monica location bordering West Los Angeles. Westwood, Brentwood, Mar Vista, Venice and Pacific Palisades are adjoining neighbors, while walkable amenities include Trader Joe’s, Whole Foods Market 365, UnUrban Coffee House, Chase Bank, Rejuice, Crossfit Reflex, The Upper West, Valentino, and many more.

Download Property brochure here: 3221 Pico Blvd – OM

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Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF $12.175 MILLION REDEVELOPMENT PROPERTY IN SANTA MONICA


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700-716 Colorado Avenue, a redevelopment opportunity in the highly-coveted City of Santa Monica, has sold for $12,175,000.

700-716 Colorado Avenue is comprised of ±20,139-square feet of land with two buildings totaling ±20,348-square feet.

The property is located at the intersection of Colorado Avenue and 7th Street, walking distance to the Metro’s Expo Light Rail Station and Santa Monica’s Third Street Promenade.

“The close proximity to the Metro line and to Downtown Santa Monica makes this area ripe for continued growth,” said T.C. Macker.

T.C. Macker, CCIM and Christian C. Holland of WESTMAC Commercial Brokerage Company represented the Buyer. Jeffrey Nason of Nason Realty & Investment Company, Inc. represented the Seller.

Commercial Real Estate

New Listing for Sale in Santa Monica – 4,000 SF Investment Opportunity


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WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 2028-2030 Montana Avenue in Santa Monica. 2028-2030 Montana Avenue is located in the upscale Montana Shopping District of Santa Monica. 2028-2030 Montana Avenue is situated on two parcels comprising of a single-tenant one-story commercial building approximately 4,000-square feet and a parking lot. The total land size is approximately 8,000-square feet. There are approximately eight (8) parking spaces in the parking lot. The property is zoned residential with a CUP which permits the use of the property as a market (no expiration date).

The tenant is a market called The Farms. The current lease expires November 4, 2028. The monthly triple net (NNN) rent is currently about $14,063 with CPI adjustments each July 1.

Located along Montana Avenue, 2028-2030 Montana Avenue is walking distance to an abundance of high-end retailers, restaurants, and businesses all of which are part of the popular shopping destination known as the “Montana Avenue Shopping District” in the affluent Wilshire Montana neighborhood. 2028-2030 Montana Avenue is also a short 4-block walk to Wilshire Boulevard and minutes from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and Third Street Promenade.

2028-2030 Montana Avenue offers buyers ease of management and stable cash flow along a highly coveted street in one of the most sought after markets in the world.

Download Full Property Brochure Here

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.