WESTMAC

Commercial Real Estate, CRE News

For Sale: Commercial Building with Billboard in Venice


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Coldwell Banker Commercial WESTMAC, as exclusive agent, is pleased to present the opportunity to purchase 428-436 Lincoln Boulevard. 428-436 Lincoln Boulevard is a commercial property situated along one of the most highly-traveled boulevards on the Westside. It is made up of approximately 3,485-square feet of land with a 1,580-square foot (buyer to verify), one-story building. The entire property is currently vacant. The property is located on a prime strip of Lincoln Boulevard that is frequently used by commuters and visitors traveling through Venice, and an ideal spot surrounded by walkable amenities, including Whole Foods, Smart & Final, CVS, California Chicken Cafe, Wurstkuche Restaurant, and many others.

428-436 Lincoln Boulevard is being offered for sale and includes a double-sided billboard. The building is currently vacant, and the billboard has a lease in place. 428-436 Lincoln Boulevard is 1.5 miles to Venice Beach and the famous Venice Beach Boardwalk, which draws thousands of visitors on a daily basis.

Get the property brochure here.

 

Commercial Real Estate, T.C. Macker PR releases

JUST SOLD IN BEVERLY HILLS


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Coldwell Banker Commercial WESTMAC has arranged the sale of 215 S. La Cienega Boulevard in Beverly Hills for $9,250,000.

Located near the corner of Wilshire and La Cienega, 215 S. La Cienega Boulevard has sold for approximately $719 per square foot. The sleek ± 12,857-square foot building consists of three-floors of create space that includes a combination of various, retail, medical and office tenants. The property rests on ± 11,000-square feet of land and was purchased by a private buyer.

“We had a lot of interested parties that were attracted to the property’s unbeatable location, unmatched exposure, and proximity to ample amenities,” said T.C. Macker, CCIM.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Elias Donay of Universal Capital Investments represented the Buyer.

Commercial Real Estate

For Sale – Multi-Tenant Creative Offices near Abbot Kinney Blvd & the beach


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New Listing – A modernized multi-tenant creative office and retail building located at 3007 Washington Blvd is for sale. The property is approximately 11,312 SF on approximately 9,904 SF of land. The building is home to a number of creative offices and retail tenants, and  has recently undergone extensive remodel. The property is located blocks from Abbot Kinney Boulevard, less than one mile from the beach.

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

Commercial Real Estate

For Sale in Beverly Hills – Commercial Building on Robertson Blvd


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New Listing – Located along Robertson Blvd near the corner of Wilshire Blvd is 153-155 S. Robertson, a ± 2,623 square feet commercial building in Beverly Hills. The property is being offered For Sale and vacant. The property is an excellent opportunity for those looking to purchase commercial real estate in a prime retail and office market in Beverly Hills.

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

Commercial Real Estate

For Sale in Los Angeles – Commercial Retail Building Along Venice Boulevard


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New Listing for a 2-unit retail in Los Angeles along Venice Boulevard located at 12820 Venice Boulevard. The property is adjacent Venice, and walking distance to Downtown Mar Vista. Building is currently 100% leased with leases expiring this year. A parking lot is located in the rear of the building.

To find out more info, you can download the property brochure HERE.

Commercial Real Estate

New Listing in West LA: Office/Medical with Billboards Along Santa Monica Blvd


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11669 Santa Monica Boulevard is a unique opportunity for an investor or owner-user looking for a prime medical office building in one of the most desirable urban office and retail markets in the world. Located along the north side of the famous Santa Monica Boulevard one-half block east of South Barrington Avenue, the property consists of a ±7,658-square feet two-story building approximately on ±8,028-square feet of land. The city allows ±1,846 square feet of the building for medical space use. Two billboards on the roof allow for additional income or personal use, while a spacious open-air parking lot located behind the building. 11669 Santa Monica Boulevard is surrounded by various retailers and restaurants with access to plenty of street parking and public transportation.

Find property information and download the property brochure here: 11669 Santa Monica Boulevard

Commercial Real Estate, CRE News

Q&A with T.C. Macker: How to Stand Out in a Crowded Market


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Want some tips on how to stand out in a crowded market? Click here to read my Q&A session in the latest edition of Commercial Investment Real Estate Magazine.

“I’m very niche-focused,” T.C. Macker, CCIM, says.

In the competitive Los Angeles real estate market,  that focus has proven successful for Macker, president and managing director of Coldwell Banker Commercial WESTMAC. During the past 14 years, he’s earned a consistent string of awards from Coldwell Banker Commercial, and was the company’s second-highest producer in 2016.

The L.A. native started his career as a leasing agent for Grubb & Ellis and joined Coldwell Banker Commercial WESTMAC in 2002. He talked to Commercial Investment Real Estate about how to stand out in a crowded market.

CIRE: How did you get into commercial real estate sales?

Macker: I was burnt out on leasing, and when I joined WESTMAC, I was able to do a sale. Once I did that, I knew selling was what I wanted to do.

But I needed to educate myself; I don’t even think I could calculate cap rate. I took the CI 101 class, and all of the sudden, my calculator became my partner at every meeting. I took all the classes in about a year and earned my CCIM designation.

Today all I do is sales. I’m mostly selling buildings in the $1 million to $20 million range. I’m below the institutional level, although I do sell an institutional building occasionally.

My niche is really sales to high net-worth investors and small funds. I’m geographically focused; my market is West L.A. to downtown for office and retail on major streets – Sunset Boulevard, Wilshire Boulevard, and Santa Monica Boulevard.

Read the rest of the interview here: Q&A with T.C. Macker, CCIM

Commercial Real Estate

Just Sold – Commercial Building at 3026 & 3040 Panola Road


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Coldwell Banker Commercial WESTMAC has arranged the sale of 3026 & 3040 Panola Road for $1,570,000. The commercial building was purchased for long term investment.

Sales Price:  $1,570,000

Building Size: 4,500 SF

Land Size: 1.255 acres

Cap Rate: +/- 6.77%

T.C. Macker, CCIM and Daniel Park of Coldwell Banker Commercial WESTMAC represented both Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $7 MILLION SALE OF COMMERCIAL PROPERTY IN WEST LOS ANGELES, CA


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Coldwell Banker Commercial WESTMAC has arranged the sale of 2435 Military Avenue in West Los Angeles for $7,000,000.

A private seller has sold a ±12,336-square foot two-story creative office building located near the corner of Military Avenue and Pico Boulevard. The property sits on ±18,600-square feet of land and was formerly occupied by a reprographics company.

“The property was purchased by 1031-exchange Buyer,” said T.C. Macker, CCIM.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC, Michael Mikail and Joe Babajian of Rodeo Realty represented both the Seller and Buyer.