SANTA MONICA, CA – 9/28/2016 (PRESS RELEASE JET) — An overseas buyer has purchased a 7,500 square foot commercial lot located at 1448 7th Street, near the corner of Santa Monica’s 7th and Broadway. The buyer purchased the property in “As Is” condition with plans for future redevelopment.
The seller was able to achieve a purchase price of $4,000,000. “Developers have been transforming the area for some time now.” T.C. Macker, CCIM said. “Our seller was able to achieve a high price on land at $533 per square foot.”
T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the Buyer and 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.”
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Company Name: Coldwell Banker Commercial WESTMAC
Contact Person: Jennifer Moscoso
Country: United States