July 8, 2020
Los Angeles – WESTMAC Commercial Brokerage Company has arranged the sale of 11699 San Vicente Boulevard, a gas station located in the upscale Brentwood neighborhood of Los Angeles. The sale included the service station business along with the real estate and sold for $8,815,000.
11699 San Vicente Boulevard, currently operating as the Conserv Fuel service station, is located on a triangular lot at the northeast corner of San Vicente Boulevard, Barrington Avenue and Gorham Avenue. The property is situated on approximately 7,098 square feet of land and is comprised of two canopies over twelve fuel hoses plus a 99 square foot combination payment booth and limited item C-Store.
“We were fortunate enough to go into escrow quickly,” said T.C. Macker, CCIM. “The station does extremely well. Top that off with a highly desirable, rarely-traded Brentwood location, and you’ve got a recipe for success.”
The seller was the owner and operator of the service station. The buyer is a gas station operator who purchased the property as part of a 1031-exchange.
T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, and Timothy K. Haves of Petroleum Realty Group represented buyer and seller.
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 interes