WESTMAC

Commercial Real Estate

New Listing For Sale – South Los Angeles


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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.

 

T.C. Macker PR releases

Just Sold: $9.6M Sale of High Street Retail in Los Angeles


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Los Angeles – Coldwell Banker Commercial WESTMAC has closed on an off-market sale of 8213-8223 W. 3rd Street. The deal was between private family trusts and comprised of two joint retail buildings purchased at $9,600,000.

Built in 1988, the 7,237-square foot trophy property houses Toast Bakery Café among other retailers, and sits at the corner of S. Harper Avenue and W. 3rd Street in L.A.’s trendy Beverly Grove neighborhood. The lot totals approximately 9,780-sqaure feet, which is conveniently located ½-mile between several of the city’s popular tourist destinations – The Grove, the Original Farmers Market, and the Beverly Center in adjoining Beverly Hills.

“The seller was able to achieve a high price per square foot at $1,326.” T.C. Macker, CCIM said. “Properties are hard to come by on 3rd Street.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the buyer. William B. Althouse of Coldwell Banker Commercial WESTMAC represented the seller.

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

Just Sold in Venice Beach for $1.85M


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Venice, CA – A single-story, 1,787-square foot building located on the high-traffic arterial Lincoln Boulevard has sold for $1,850,000.

Private Sellers sold the former auto repair shop located at 208 Lincoln Boulevard to Swedish Cap Repair, LLC, a limited liability company. The Buyer purchased the property as an owner-user and plans to convert the 4,000-square foot lot into a clothing store.

“At a premium of $1,035 per square foot, that’s the highest price to date for an auto repair facility on Lincoln Boulevard in Venice,” says Brian Hart.

208 Lincoln Boulevard is situated in the Venice neighborhood of Los Angeles, popular with both tourist and locals thanks to its blend of upscale boutiques, funky shops, eclectic cafés, and famous boardwalk.

T.C. Macker, CCIM and Brian Hart of Coldwell Banker Commercial WESTMAC represented both the Buyer and the Seller.

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