WESTMAC Brokerage Facilitates $3 Million Office Building Sale in Century City

WESTMAC Commercial Brokerage Company has successfully arranged the sale of a notable office building located at 10513 Santa Monica Boulevard in Century City, Los Angeles, for $3,000,000. The property, which spans approximately 2,666 square feet on a 4,730 square feet lot, was purchased by a real estate investment firm intending to occupy the space for their own use. The transaction underscores the robust demand for strategically located commercial real estate in Los Angeles' Westside market. According to T.C. Macker of WESTMAC, the property's prime location offers exceptional visibility and access, contributing to its long-term value and appeal. This sale is a testament to the vibrant commercial activity and the unique blend of community charm and business vitality that characterizes the area.

T.C. Macker, CCIM, and Woody Cook represented the seller in this deal, showcasing WESTMAC Commercial Brokerage Company's expertise in facilitating significant real estate transactions. The firm, with over 30 professionals, specializes in office, industrial, retail, and multi-family properties, providing comprehensive services to property owners, users, developers, and investors. The sale of this specific asset at 10513 Santa Monica Boulevard reflects broader market trends where well-positioned commercial properties continue to attract investment, particularly from firms seeking operational bases in high-visibility corridors. The $3 million price point for a property of this size indicates strong per-square-foot valuations in the Century City submarket, which remains a focal point for commercial real estate activity in the region.

The implications of this transaction extend beyond the immediate parties involved, signaling confidence in the Los Angeles commercial real estate sector despite broader economic uncertainties. Investment firms acquiring properties for owner-occupancy, as seen here, often point to strategic long-term planning and a belief in the area's sustained growth. This aligns with data showing resilience in Westside Los Angeles markets, where location-driven demand supports property values. For more details on WESTMAC Commercial Brokerage Company's services and transactions, visit https://www.westmaccommercial.com. The firm's role in this sale highlights its capability in navigating complex deals, further cementing its reputation in a competitive brokerage landscape. As commercial real estate evolves, transactions like this one serve as benchmarks for market health, influencing future investment decisions and development strategies in similar urban corridors.