WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $2.96 MILLION SALE OF MIXED-USE IN CULVER CITY
United States, California, Los Angeles - 02/11/2021 — WESTMAC Commercial Brokerage Company has arranged the sale of 5620-5622 Sawtelle Boulevard in Culver City for $2,960,000, or $593 per square foot.
The sale was comprised of a one-story mixed-use building approximately 4,991 square feet on approximately 9,912 square feet of land. Built in 1978, the building property features two units, excellent on-site parking, and is a combination of medical and retail. The building was fully leased at the time of sale to a Menchie’s Frozen Yogurt franchisee and a dental office.
5620-5622 Sawtelle Boulevard is located on the corner of Sawtelle Boulevard and Hannum Avenue, just east of major thoroughfare Sepulveda Boulevard, in the Los Angeles City of Culver City. It is across from Studio Village Shopping Center, a 223,608 square foot retail community center featuring national and regional retail tenants. The property offers easy access to the San Diego (I-405) and Marina (SR-90) freeways and the Los Angeles neighborhoods of Mar Vista, Palms, Westchester, Venice, and Playa Vista.
“We received multiple offers,” said T.C. Macker. “Ultimately it sold to the existing tenant who had right of first refusal,” he added.
T.C. Macker, CCIM, Christian C. Holland, and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Sep Melamed of Prime Properties 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 firm is a full-service real estate company that 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 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.”
Media Contacts:
Company Name: WESTMAC Commercial Brokerage CompanyFull Name: Jennifer Moscoso
Phone: 310.478.7700
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Website: www.westmac.com