Value Add

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES A $15 MILLION TRANSACTION IN BEVERLY HILLS GOLDEN TRIANGLE


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9701 S. Santa Monica Boulevard, a multi-tenant mixed-use building in the Beverly Hills Golden Triangle, has sold for $15,000,000.

Located in the famed Golden Triangle of Beverly Hills on the northwest corner of South Santa Monica Boulevard and Roxbury Drive, 9701 S. Santa Monica Boulevard consists of a two-story mixed-use building of approximately 18,094 square feet. The building is home to a variety of office and retail tenants.

The property was sold through a court-ordered Receiver sale. The buyer was Optimus Properties, LLC, who purchased the property for $15,000,000.

“There are very few properties in Beverly Hills that come up as versatile as this, it’s a highly coveted location with vacancy that gave the buyer valuable upside,” said T.C. Macker.  “Optimus Properties already own properties nearby, they saw a great opportunity and seized it.”

Stephen Algermissen of Cushman and Wakefield, and T.C. Macker, CCIM and Luke J. Palmo of WESTMAC Commercial Brokerage Company represented both the Buyer and the Seller.

Commercial Real Estate, CRE News

New Listing For Sale: Leased Office/R&D property – 49k SF building – Value Add Opportunity


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12000-12008 Aviation Boulevard is a three-story Office/R&D building comprised of one ± 49,632-square foot building situated on ± 61,471-square feet of land. The property is located along Aviation Boulevard between 120th Street and 122nd Street in the City of Los Angeles, on the border of El Segundo and Hawthorne. The building can be leased to three different tenants, but is currently occupied by a single tenant. The owner of the building ran and operated his business, Trident Dental Laboratories, at the building for 15-years before selling in 2018 to National Dentex Corporation. As part of the sale of the business, National Dentex Corporation signed a two year lease with one option period for three years.

Download property brochure for more info here.

Commercial Real Estate

New Listing in Santa Monica – For Sale – 1327 Fifth Street


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Main - Exterior

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

New Listing For Sale – South Los Angeles


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7000 - Main Pic

7000 South Western Avenue is being offered for sale to an owner-user who understands the revenue potential from event space rental and the club business. Located 2 miles from the under construction Los Angeles Entertainment Center/Stadium in Inglewood, the property is ideally configured as an events and entertainment venue; and offers a reception/coat check area, VIP lounge, bar/food service area and various rooms which could be utilized as offices or as extensions to the venue. The property provides front access from Crenshaw Boulevard and rear access from the large and secure parking lot. There is also enclosed garage space for 4 vehicles. The current use of the property is listed as a club and there is a significant value-add component to the buyer willing to obtain a liquor license (buyer to verify with ABC and the city regarding these matters).

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