United States, California, Los Angeles – 01-12-2021 (PRDistribution.com) — WESTMAC Commercial Brokerage Company has arranged the sale of 2426 Lincoln Boulevard in Venice for $1,300,000, or $546 per square foot.
The ± 2,380 square foot building located along Lincoln Boulevard in Venice has sold. The property is comprised of two retail/office units situated on ± 3,045 square feet of land. The building was vacant at the time of sale and was purchased as an investment.
“The buyer recently purchased the office building directly next door and plans to extensively rehab, lease and hold,” said Brian Hart. “The seller plans to 1031 exchange into a less-maintenance intensive opportunity.”
Brian Hart and T.C. Macker, CCIM of WESTMAC Commercial Brokerage Company represented the Seller. Jake Zacuto of Zacuto Group 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.”
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