WESTMAC Commercial Brokerage Facilitates $6.25 Million Sale in Brentwood Village
TL;DR
The sale of 146-150 S Barrington Ave in Los Angeles presents a prime investment opportunity in an upscale community.
The property sold for $6,250,000 and consists of +/- 6,340 sq ft on +/- 3,769 sq ft of land in Los Angeles's Brentwood neighborhood.
The acquisition of the property promises to be a significant asset for its new owners, contributing to the growth and development of the upscale community.
The former home of the iconic Brentwood Lounge has been sold to a future owner-user, marking an exciting change for the neighborhood.
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WESTMAC Commercial Brokerage Company has successfully arranged the sale of 146-150 S Barrington Avenue in Los Angeles, California, for $6,250,000. The property, located in the heart of Los Angeles's Brentwood neighborhood, is a multi-tenant mixed-use building featuring retail and restaurant space on the ground floor and offices on the second floor.
The building, which spans approximately 6,340 square feet on a 3,769 square-foot plot of land, was sold to a future owner-user. It is notably the former home of the iconic Brentwood Lounge, a factor that underscores its strategic and high-traffic location.
"This acquisition underscores the growing demand for versatile properties and the ongoing trend of investing in mixed-use buildings within Los Angeles's upscale communities," said T.C. Macker, a representative of WESTMAC Commercial Brokerage Company. "The property, renowned for its strategic location and high foot traffic, promises to be a significant asset for its new owners."
T.C. Macker, CCIM, Christian Holland, and Woody Cook of WESTMAC Commercial Brokerage Company represented the seller in this transaction, while the buyer was represented by Eric Sackler of Coldwell Banker Commercial.
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. The firm is a full-service real estate company that provides exemplary consultation, advisory, and marketing services to property owners, users, developers, and investors. The company was affiliated with and a franchisee of Coldwell Banker Commercial from 2001 until 2018 before returning to its original identity as WESTMAC Commercial Brokerage Company.
With over 30 professionals, WESTMAC specializes 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.
WESTMAC adheres to a high standard of service, encapsulated in their guiding principle: "The client's best interest must be the guiding force behind all services."
Curated from 24-7 Press Release
