COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $4.3 MILLION SALE OF OFFICE BUILDING TO OWNER USER IN SANTA MONICA, CA

  SANTA MONICA, CA - 06/24/2016 (PRESS RELEASE JET)

A private seller has sold its Santa Monica property at 532 Colorado Avenue for $4,300,000 to an entertainment production company who plans to occupy the property for their own use.

“You can’t beat the location,” says T.C. Macker, CCIM. “It’s located on the corner of Colorado and 6^th in Downtown Santa Monica within 1 block of the new Expo Terminus, which opened last month.” After receiving multiple offers, the seller was able to achieve $971 a square foot on a 4,424 SF building located on 6,225 square feet of land.

T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented the Seller. Andrew Jennison of Industry Partners represented the Buyer.

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.”