This was an off-market transaction for commercial land with existing improvements sold to a private elementary school.
LOS ANGELES, CA, June 07, 2023 /24-7PressRelease/ — WESTMAC Commercial Brokerage Company, a leading real estate firm specializing in commercial properties throughout Los Angeles, is thrilled to announce the successful off-market sale of commercially–zoned land located at 1457 12th Street, Santa Monica, CA 90401
The property, which sold for $3,500,000, comprised approximately 7,500 square feet of land with approximately 2,034 square feet of existing improvements, a single-family residence, and a triplex, both vacant at the time of sale.
A private seller sold the property to Pluralistic School, Inc., a private elementary school in Santa Monica, which owns the adjacent property. WESTMAC Commercial Brokerage Company and Highland Partners facilitated the transaction.
“This off-market transaction showcases WESTMAC’s ability to leverage its extensive network and industry expertise to identify and facilitate exceptional investment opportunities,” said T.C. Macker.
T.C. Macker, CCIM represented the Seller at WESTMAC Commercial Brokerage Company. Patrick Sheekey of Highland Partners represented the Buyer. The closing occurred on June 2, 2023.
For more information about WESTMAC and its comprehensive range of real estate services, please visit westmac.com.
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 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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