Westside

Commercial Real Estate

New Listing – Owner User Opportunity in Beverly Hills Golden Triangle For Sale


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Coldwell Banker Commercial offers for sale 9677-9681 Wilshire Boulevard in Beverly Hills. The offering is a two-story ±4,428-square foot commercial building inside Beverly Hills’ illustrious Golden Triangle. The building sits on ±3,239-square feet of land, across from Saks Fifth Avenue on Wilshire Boulevard.

9677-9681 Wilshire Boulevard is two blocks from Rodeo Drive, the popular tourist destination that draws thousands of visitors on a daily basis. Multi-million dollar homes and high-end multi-family units make up the upscale residential neighborhoods that surround this amenity rich district.

This is a great opportunity for an owner-user looking to capitalize on Wilshire Boulevard’s high visibility, set up shop in Beverly Hills’ booming retail market, and gain access into one of the most exclusive zip codes in the country.

Get more info & property brochure here.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF DOC’S SKI AND SPORTS IN SANTA MONICA


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Coldwell Banker Commercial WESTMAC has arranged the sale of ski industry icon, Doc’s Ski and Sports, at 3101-3105 Santa Monica Boulevard for $4,100,000.

Located along Santa Monica Boulevard on the northwest corner at Berkeley Street, Santa Monica’s Doc’s Ski and Sports was a leading ski retail business in Southern California since 1956. The entire building is approximately 5,494-square feet on an approximately 7,500-square foot lot.

“Doc’s has been a ski industry icon in Santa Monica for over 60 years.” T.C. Macker, CCIM said. “We’re sad to see it go, but we had a lot of interested parties and received a number of great offers that made the seller very happy.”

T.C. Macker, CCIM and Christian C. Holland of Coldwell Banker Commercial WESTMAC represented the Seller. Aleks Trifunovic and Matt Solomon of Lee & Associates West L.A. represented the Buyer.

Commercial Real Estate

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF MULTI-TENANT COMMERCIAL PROPERTY IN MARINA DEL REY


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3007 Washington Blvd | Sold for $7,515,888
Los Angeles (Marina Del Rey), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 3007 Washington Boulevard for $7,515,888.

Located along Washington Boulevard between major thoroughfare Lincoln Boulevard and popular Abbot Kinney Boulevard, 3007 Washington is made up of one two-story multi-tenant building approximately 11,312-square feet on an approximate 9,904-square-foot lot. The building is occupied by a mix of creative offices and retail.

Ness Holdings Inc, the seller, purchased the property in 2015 and performed substantial renovations to the exterior and select interior units.  Ness saw an opportunity to reposition an underperforming asset in a great sub-market for creative office tenants.  During its ownership, Ness released ~30% of the renovated space to a variety of new tech firms, further validating the area’s desirability amongst tech firms. The building was purchased by Ashley Square Associates, LLC, a company sponsored and controlled by Craton Capital Management, in a tax deferred 1031-exchange.

“This area attracts many of the city’s tourist due to its close proximity to Abbot Kinney, Lincoln Boulevard and the beach, making it very appealing to buyers.” T.C. Macker, CCIM said. “We had a lot of interested parties and received multiple offers.”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC and Michael Preiss, Kevin Simpson, Erica Taylor of rsfLA, Inc represented both the Buyer and Seller.

Commercial Real Estate, T.C. Macker PR releases

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN MAR VISTA


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12820 Venice Blvd
Los Angeles (Mar Vista), CA

Coldwell Banker Commercial WESTMAC has arranged the sale of 12820 Venice Boulevard for $1,275,000.

12820 Venice Boulevard, a commercial retail building near downtown Mar Vista, has sold for $645 price per square foot. The property consists of one single-story building, approximately 1,974-square feet on an estimated 4,721-square feet of land.

A private buyer purchased the property as owner-users and was able to secure 90% SBA financing. “The buyer recognized a unique opportunity to purchase prime commercial real estate that would give their business excellent visibility along Venice Boulevard,” said T.C. Macker, CCIM.

The area along Venice Boulevard is amenity rich, surrounded by dense residential, and is easily accessible to the 405 Freeway and Pacific Coast Highway.

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

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, 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

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $1.7 MILLION SALE OF PLAYA VISTA OFFICE BUILDING


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Coldwell Banker Commercial WESTMAC has arranged the sale of 5560 S. Centinela Avenue in the Playa Vista neighborhood of Los Angeles for $1,700,000.

The 2,134-square foot office building near the corner of Jefferson Boulevard and S. Centinela Avenue has sold to a private buyer for approximately $796 per square foot. The 5,027-square foot lot is minutes from The Brickyard, The Runway, Spruce Goose Hangar and many other major Playa Vista developments.

“Playa Vista is a hotbed for creative and tech industries and has quickly become one of the area’s most sought after neighborhoods,” said T.C. Macker, CCIM. “The buyer saw a great opportunity and purchased the property “As Is.’”

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Todd Masser of Coldwell Banker Commercial NRT represented the Buyer.

Commercial Real Estate, T.C. Macker PR releases

Just Sold – 11669 Santa Monica Blvd in West LA


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COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4.7 MILLION SALE OF MEDICAL-OFFICE BUILDING IN WEST LOS ANGELES, CA

Los Angeles – Coldwell Banker Commercial WESTMAC has arranged the sale of 11669 Santa Monica Boulevard in West Los Angeles for $4,700,000.

A private seller has sold the ± 7,658-square foot medical-office building for approximately $613 per square foot. Located near the corner of Santa Monica Boulevard and S. Barrington Avenue, the highly-visible property occupies ± 8,028-square feet of land. The property sold to an owner-user dermatologist group.

“We have multiple offers on the property,” T.C. Macker, CCIM said. “Ultimately we found the perfect owner-user buyer.”

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

Commercial Real Estate

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


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exterior

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.