United States, California, Los Angeles – 06-19-2019 (PRDistribution.com) — 11201-11223 National Boulevard, a highly-visible neighborhood center at the signalized intersection of major thoroughfare Sepulveda Boulevard and National Boulevard in West Los Angeles, has sold for $13,050,000.

 11201-11223 National Boulevard is comprised of one ±10,883-square foot building on ±24,400-square feet of land. The site features pylon signage, two income-producing billboards, newsstand, ATM machine, parking lot striped for twenty-five cars, and offers immediate ingress and egress to the 405 Freeway at National Boulevard.  The property was 100% leased with multiple long-term tenants at the time of sale. It sold to a 1031 buyer for $1,204 per square foot at a 5.1% cap rate. “The lack of quality retail centers on the Westside combined with a strong demand for this kind of property generated extreme interest from investors and 1031 exchange buyers,” said T.C. Macker, CCIM. “We received multiple offer and closed escrow in sixty days.” T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented the Seller. Geoff Grossman of CBM (Centers Business Management) 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 Company
Full Name: Jennifer Moscoso
Phone: 310-966-4397
Email Address: Send Email
Website: www.westmac.com

For the original news story, please visit https://prdistribution.com/news/westmac-commercial-brokerage-company-arranges-sale-of-retail-neighborhood-center-in-west-la.html.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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