11860 Wilshire Boulevard sold to an owner-user.
LOS ANGELES, CA, March 01, 2024 /24-7PressRelease/ -- WESTMAC Commercial Brokerage Company and Beitler Commercial Realty Services have arranged the sale of 11860 Wilshire Boulevard in Los Angeles, California for $11,500,000.
11860 Wilshire Boulevard sold to an owner/user. The building is +/- 15,714 square feet on +/- 18,731 square feet of land in Los Angeles' Brentwood neighborhood. The property is a free-standing multi-tenant medical building situated at the bustling signalized intersection of Wilshire Boulevard and Westgate Avenue, where more than 44,000 vehicles travel past daily.
"This transaction is notable within Los Angeles's real estate market, reflecting the ongoing demand for healthcare-related properties in prime locations," said T.C. Macker. "such sales highlight buyer confidence in the stability and growth potential of the healthcare sector, especially in affluent areas."
T.C. Macker, CCIM, and Woody Cook, of WESTMAC Commercial Brokerage Company, and Willa McNamarra Fields and Jim Burnap of Beitler Commercial Realty Services teamed up to represent the Seller in this transaction. The Buyer was represented by Jeff Lipson and Aaron Twersky at Wilshire Advisory Group.
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."
Related Link:
https://www.westmac.com
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