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"Investors are facing unprecedented challenges in this market, including rising prices, limited inventory, and increased competition," said T.C. Macker, CCIM.
LOS ANGELES, CA, April 15, 2023 /24-7PressRelease/ -- WESTMAC Commercial Brokerage Company has arranged the sale of a jewel box office property located at 520 Sepulveda Boulevard in Los Angeles for $9,300,000.
The sale comprised approximately 20,576 square feet of building on 8,221 square feet of land in the heart of Los Angeles' Brentwood neighborhood. The Property features two parking levels, three office levels, an open courtyard, plug & play cell tower platform, and 405 freeway-visible signage. Additionally, the Property benefits from a prime Westside location surrounded by the highly affluent communities of Bel Air, Westwood, Santa Monica, and Beverly Hills.
The sale occurred between two private investors and closed on March 31, 2023.
"Investors are facing unprecedented challenges in this market, including rising prices, limited inventory, and increased competition," said T.C. Macker, CCIM. "Despite these challenges, we were able to leverage our expertise and extensive network to help our client achieve a sale," added Chris Holland.
T.C. Macker, CCIM, Jennifer Moscoso, and Christian C. Holland of WESTMAC Commercial Brokerage Company represented the Seller. Mitch Stokes of Avison Young represented the Buyer.
About WESTMAC Commercial Brokerage Company
WESTMAC Commercial Brokerage Company 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 full-service real estate company provides exemplary consultation, advisory, and marketing services to property owners, users, developers, and investors. From 2001 until 2018, the company was affiliated and a franchisee of Coldwell Banker Commercial before returning to its roots as WESTMAC Commercial Brokerage Company.
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 with 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."
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