Santa Monica

Commercial Real Estate, CRE News

New Listing For Sale – Mixed Used Investment in Santa Monica – Prime Location


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Coldwell Banker Commercial WESTMAC, as exclusive agent, is pleased to present the sale of 728-734 Montana Avenue in Santa Monica, California. 728-734 Montana Avenue is a sizable two-story mixed-use investment opportunity situated at the signalized intersection of Lincoln Boulevard and Montana Avenue.

The building is approximately 8,255-square feet (8,412 SF per tax record) on approximately 13,500-square feet of land. Three retail units occupy the ground floor. Six loft-style apartments make up the second floor. The property includes a dedicated parking lot with 28 spaces (26, plus 2 handicap).

The property is located along the popular Montana Avenue Shopping District, home to an abundance of high-end retailers, businesses, and eateries that serves Santa Monica’s affluent community.

728-734 Montana Ave – Flyer

*For the Full Offering Memorandum & access to Due Diligence documents, you must sign a CA by visiting property information page, You can access page here.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF DOC’S SKI AND SPORTS IN SANTA MONICA


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Coldwell Banker Commercial WESTMAC has arranged the sale of ski industry icon, Doc’s Ski and Sports, at 3101-3105 Santa Monica Boulevard for $4,100,000.

Located along Santa Monica Boulevard on the northwest corner at Berkeley Street, Santa Monica’s Doc’s Ski and Sports was a leading ski retail business in Southern California since 1956. The entire building is approximately 5,494-square feet on an approximately 7,500-square foot lot.

“Doc’s has been a ski industry icon in Santa Monica for over 60 years.” T.C. Macker, CCIM said. “We’re sad to see it go, but we had a lot of interested parties and received a number of great offers that made the seller very happy.”

T.C. Macker, CCIM and Christian C. Holland of Coldwell Banker Commercial WESTMAC represented the Seller. Aleks Trifunovic and Matt Solomon of Lee & Associates West L.A. represented the Buyer.

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

Just Sold in Santa Monica – 1820 Broadway


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1820 Broadway | Sold for $$2,862,500
Santa Monica, CA

1820 Broadway in Santa Monica has sold for $2,862,500. The ±3,125-square foot property is made up of a ±2,500-square foot commercial building and a ±625-square foot detached residential dwelling in rear. The property was being offer for sale or lease and was purchased by an owner-user. T.C. Macker and J. Patrick Sheekey of Coldwell Banker Commercial represented the Seller. Jeff Pion of CBRE represented the Buyer.

Seller Results:

-30 Day Escrow

-All Cash Buyer

-Buyer is an Owner-User

-Multiple Offers Received

-Seller will do a 1031 exchange

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 Santa Monica – Mixed Use along Santa Monica Boulevard


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New Listing for sale in Santa Monica at 3101-3105 Santa Monica Boulevard. The property is a 2-story mixed-use building with dedicated rear parking lot. The property has been home to ski industry’s iconic retail store Doc’s Ski & Sport for more than 60 years and includes 2 upstairs apartment units.

For more information, you can download the property brochure here.

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.

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.

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

T.C. MACKER EARNS COLDWELL BANKER COMMERCIAL® #2 PRODUCER AWARD FOR NORTH AMERICA


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Los Angeles, CA (March 23, 2017) – T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC has been named the #2 Producer in 2016 for Coldwell Banker Commercial® from among nearly 3,000 commercial professionals* in North America (U.S. and Canada). Mr. Macker is also #1 Producer for the State of California and a Platinum Circle of Distinction winner for 2016.

Timothy Macker, CEO of Coldwell Banker Commercial WESTMAC said, “I’m extremely proud of T.C., who has continuously distinguished himself amongst his peers nationwide. His hard work, dedication and leadership of the company has not only made a tremendous impact in our industry, but has also helped make Coldwell Banker Commercial WESTMAC the #1 office in the State of California.”

T.C. Macker, CCIM has been awarded “Circle of Distinction” by Coldwell Banker Commercial from 2004 to 2016. Mr. Macker was top 1% in the world for Coldwell Banker Commercial in 2015 and a Platinum Distinction winner. Further, Mr. Macker was ranked #3 in the world out of 3,200+ agents for 2015, #7 for 2014, #3 for 2013 and #4 for 2012. He is an active member of CCIM (Certified Commercial Investment Member) for over 12 years. On a national level, Mr. Macker is on the CBC Advisory Board representing the California Region.

^Coldwell Banker Commercial Sales Professionals are independent contractors.

About Coldwell Banker Commercial WESTMAC Coldwell Banker Commercial WESTMAC 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. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

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.”

About Coldwell Banker Commercial Affiliates A subsidiary of Realogy Holdings Corp., the world’s leading real estate franchisor, Coldwell Banker Commercial® Affiliates is a worldwide leader in the commercial real estate industry. The Coldwell Banker Commercial organization is part of the oldest and most respected national real estate brand in the country, which was founded after the San Francisco earthquake of 1906 by Colbert Coldwell, who was later joined by Benjamin Banker. Each office is independently owned and operated. For more information, visit: www.cbcworldwide.com.

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