COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $13.55 MILLION OFF MARKET SALE OF SHOPPING CENTER TO A HIGH NET WORTH INVESTOR IN HOLLYWOOD, CA

  LOS ANGELES, CA - 07/06/2016 (PRESS RELEASE JET)

A private seller has sold its property, a shopping center located at 1915 – 1931 N. Bronson Avenue, for $13,550,000 to a private investment group. The Victor’s Square shopping center is located on the corner of Franklin Avenue and Bronson Avenue in Hollywood, across the street from Gelson’s Market.

“Small, well located retail centers rarely trade,” says T.C. Macker, CCIM.  The seller was able to achieve $885 a square foot on a 15,309 SF building located on 20,692 SF of land. The property is occupied by 6 tenants including Victor’s restaurant, The Oaks Gourmet, Fresh Brothers and others.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Buyer.  Leslie Mayer of Cushman & Wakefield represented the Seller.

About Coldwell Banker Commercial

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.”