WESTMAC

Commercial Real Estate

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $8.8 MILLION SALE OF CONSERV FUEL AND REAL PROPERTY IN BRENTWOOD


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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.

Sold: 11699 San Vicente Blvd., Los Angeles, CA 90049 (Conserv Fuel)

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

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 | 11699 San Vicente Boulevard | Brentwood Gas Station | Business & Real Estate


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WESTMAC Commercial Brokerage Company and Petroleum Realty Group are pleased to present the rare opportunity to purchase 11699 San Vicente Boulevard, a service station situated on a triangular lot at the northeast corner of San Vicente Boulevard and Barrington Avenue in Brentwood Village. The offering includes the service station, business currently operating as Conserv Fuel, along with the real estate.

11699 San Vicente Boulevard is comprised of twelve (12) fuel hoses under two (2) canopies and a ± 99 square foot payment booth and limited item C-Store, which are situated on 0.16 AC of land (± 7,098 SF per parcel map), zoned LAC1.5-1VL with a CUP for gas station use.

The owner of the subject property currently operates the fuel facility. The station has two (2) 20,000 gallon double walled fiberglass tanks that were installed in 2006. The tanks are split to carry four products, diesel, E-85, 91 and 87.

11699 San Vicente Boulevard is a rare opportunity to purchase a very profitable gas business at an easily accessible bustling 3-way intersection, with an additional opportunity to expand and add large C-Store on the site. The property comes with a clean phase one with attached “No Further Action” letters, allowing for potential future development opportunity on the land. The zoning allows for other uses including multifamily, retail and office (buyer to verify), all of which are in significant demand in this location.

See Offering Memorandum 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, CRE News

New Listing For Sale in West LA | Multi-Tenant Retail & Office Building


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10507 W. Pico Boulevard is a recently renovated office/retail building comprised of approximately 5,772-rentable-square feet on approximately 4,633-square feet of land located one block West of Beverly Glen Boulevard in West Los Angeles.

The property is made up of 3 units: a retail unit currently leased to an optometrist (vacating on 4/30/2020) , a vacant retail unit previously leased to a restaurant, and a recently renovated, vacant second floor office unit which features a mezzanine level. The building recently underwent major capital improvements including new skylights, new balconies, and a new roof. There is a rear parking lot with room for approximately 5-7 cars, and ample of parking along the street and surrounding neighborhoods.

Built in 1981, the property offers tenants excellent visibility along Pico Boulevard, a major Los Angeles street that runs from the Pacific Ocean in Santa Monica to Central Avenue in Downtown Los Angeles. 10507 W. Pico Boulevard is close proximity to major amenities including shopping, dining, and entertainment, in addition to accessible transportation, and major area employers that includes Google’s future Silicon Beach headquarters at the former Westside Pavilion, UCLA in Westwood, and Fox Studios.

Click here to download property brochure: 10507 W Pico Blvd (v2)

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Commercial Real Estate

New Listing for Sale | 900 E Colorado St. | Glendale | Shopping Center | ±17,127 SF | ±65 Parking


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WESTMAC Commercial Brokerage Company is pleased to present for sale 900 E. Colorado
Street, a 100% occupied ± 17,127-square foot (17,064 per tax record) multi-tenant shopping center in Glendale, CA. 900 E Colorado, also known as Jasmine Plaza, is an ideal opportunity for investors to acquire an excellent property located in a desirable market.

900 E. Colorado Street is located in a dynamic retail submarket, situated less than a mile from The Americana at Brand, one of the 15 most productive and highest-grossing retail centers in the world. Anchored by Sherwin Williams, 900 E. Colorado Street is comprised of three (3) buildings which are situated on ± 49,261-square foot (per tax record) lot, and houses a mix of nationally recognized and mom & pop tenants.

The center features a strong and highly synergistic tenant line up comprised of popular local operators and large national brands. A number of existing tenants are paying below market rates. Jasmine Plaza also benefits from a strong, retail core location.

900 E. Colorado Street houses a mix of food, medical, and professional service tenants makes it highly resistant to recessionary and e-commerce pressures. Jasmine Plaza has stable cash flow due to in-place leases but also offers flexibility with month to month tenants. 900 E Colorado Street also provides buyer with immediate upside and ability to increase NOI after CAM Reconciliation.

See Offering Memorandum Here: 900 E Colorado St – OM

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

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES SALE OF COMMERCIAL BUILDING IN LOS ANGELES & CULVER CITY


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11452-11456 W Washington Boulevard, a multi-tenant commercial building, has sold for $2,385,000.

11452-11456 Washington Boulevard is comprised of one ± 5,248-square foot building on ± 6,500-square feet of land. The site features 50 feet of frontage along Washington Boulevard, three commercial units, one of which has a bow truss ceiling. The property, formerly occupied by artists, is located in Los Angeles and Culver City.

The front two commercial units were leased to a single tenant, art gallery, at the time of the sale, the rear unit was vacant.

“We were able to drive great interest for the property and ultimately sold at asking price to a 1031 exchange buyer” said T.C. Macker, CCIM.

T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Dan Pickart of Industry Partners represented the Buyer.

Commercial Real Estate

New Listing for Sale – 2245-2251 Westwood Blvd in Los Angeles, CA


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WESTMAC Commercial Brokerage Company, as exclusive agents, are pleased to present for sale, 2245-2251 Westwood Boulevard in West Los Angeles. 2245-2251 Westwood Boulevard is situated on one parcel, and is comprised of one single-story retail building, and one two-story mixed-use building.

The retail building, which has 40’ of frontage on Westwood Boulevard, is approximately 1,800 square feet, is currently subdivided into two spaces, but occupied by a single tenant. The mixed-use building is set behind the retail building, separated by 5 tandem parking spaces (10 total).

The mixed-use building is comprised of four units totaling approximately 2,600 square feet. The bottom floor of the building is approximately 1,400 square feet and will be delivered leased (lease pending). The top floor of the building is divided into two residential units (each 1 bedroom, 1 bath) of about 600 square feet each, separated by a main stairway. They are occupied by one long term tenant and one new tenant (lease pending).

The parcel is zoned LAC4 and a TOC (Transit Oriented Communities) Tier 3 which allows for greater development potential for developers looking to build in a revitalizing area. They property is located one-quarter mile from One Westside, the site of a former shopping mall which is being converted into nearly 600,000 square feet of offices, which Google has pre-leased.

2245-2251 Westwood Boulevard offers buyers the opportunity to purchase
on Westwood Boulevard, a street best known for it’s ample retail amenities
within a densely populated part of West Los Angeles.

You can download the property brochure here: 2245-2251 Westwood Ave – OM

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Commercial Real Estate

New Listing for Sale – 2001 Grismer Ave in Burbank, CA


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WESTMAC Commercial Brokerage Company is pleased to present 2001 Grismer Avenue for sale, a 14-unit multi-family asset located in the premiere, family-friendly City of Burbank, CA.

2001 Grismer Avenue is a two-story apartment building comprised of approximately 11,334 square feet situated on approximately 10,895 square feet of land. There is a subterranean parking garage with two dedicated parking spaces per unit
(28 total). The property is zoned R4.

There are a total of 14-units in the building. The building is fully occupied with the exception of one unit, which is currently being rehabbed. The current rents range from $1,750 – $2,090 per month with scheduled increases.

The property is located in Burbank, which is a highly desirable rental market and is known as “the media capital of the world”. It is home to Disney Studios, Warner Brothers, and a number of other large area employers. The city has over 80 restaurants, 30 theaters ,and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to Bob Hope Airport, Burbank Empire Center, Downtown Burbank, and Burbank Metro Link.

2001 Grismer Avenue provides buyers with stable cash flow and a strong long-term hold opportunity in a prime Burbank location.

You can download the property brochure here: 2001 Grismer Ave – OM

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Commercial Real Estate

New Listing for Sale – 1310 Westwood Blvd in Los Angeles, CA


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Keller Williams Realty Westside and WESTMAC Commercial Brokerage Company are pleased to present the sale of 1310 Westwood Boulevard, a ±6,681-square foot freestanding retail/office building situated on a ±6,601-sqaure foot lot located in Southern California’s popular Westwood neighborhood along highly-traveled Westwood Boulevard.

1310 Westwood Boulevard is a two (2) story commercial building located one block south of major Wilshire Boulevard between Rochester Avenue and Wellworth Avenue. The building was built in 1955, with a second floor addition added in 1968. The ground floor features an open floor plan plus one (1) private office. The second floor is composed of five (5) private offices, two (2) restrooms and a break room. The building also features one (1) elevator and a secured parking garage with room for approximately nine (9) cars parked tandem. The property is currently vacant.

The major intersection at Wilshire Boulevard and Westwood Boulevard is located one block North of the subject property. Wilshire Boulevard between Westwood Boulevard and Veteran Avenue is the future site of a Metro’s Purple Line Subway Station. The construction of the Purple Line designates 1310 Westwood Boulevard as a TOC Tier 3 zoned parcel, giving developers potential to build a mixed-use building of 30-units residential over 1,500-SF to 3,000 SF of retail.

The property’s location in the heart of Westwood offers close proximity to one of the country’s most influential and successful universities, UCLA. It is also walking distance to Westwood Village, a popular shopping, dining and nightlife locale for UCLA students, tourists, and locals.

1310 Westwood is an ideal opportunity for buyers looking to purchase retail, office or developable property in Los Angeles’ affluent and highly coveted Westwood submarket.

You can download the property brochure here: 1310 Westwood Blvd.

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