The Heyman Center is a two-story shopping center ideally located along South Western Avenue between 7th Street and 8th Street, just 1 ½ blocks south of Wilshire Boulevard, in the high demand Koreatown sub-market of Los Angeles, CA. The Heyman Center is a 25,252 square-foot shopping center ideally situated on 28,918 square feet of land zoned C2. The center is currently 87% occupied by a stable and seasoned tenant mix that ideally serves the immediate population. All of the leases are NNN, creating minimal landlord responsibility. The average unit size is 780 square feet with excellent visibility and minimal bay depth.
Rancho Vista Plaza
Rancho Vista Plaza is located on the northwest corner of Rancho Vista Boulevard and 30th Street W, within close proximity to the Interstate 14 Antelope Valley Freeway. Rancho Vista Plaza is ideally located at the gateway of Rancho Vista, a 1,300 acre master-planned community. The center serves the daily needs of the immediate residents. With excellent cross-over grocery, shopping, service related, and dining options, Rancho Vista Plaza is the dominant center in the immediate area. Rancho Vista Plaza is shadow-anchored by multiple nationally recognized tenants.
Walgreens & Yogurtland
The Walgreens and Yogurtland, a two-tenant retail property home to two national brands ideally positioned on the high-trafficked signalized corner of Tampa Avenue and Victory Boulevard in Reseda, CA. Walgreens & Yogurtland is a total of 14,200 square feet of prime retail space consisting of two separate stand-alone buildings situated on 1.42 acres of land (62,215 square feet) zoned C2. Walgreens occupies 13,000 square feet and Yogurtland occupies a 1,200 square foot pad that sits directly on the signalized corner.
Shops at Concert Park
Shops at Concert Park are two retail condominium shopping centers located in the master planned community of Playa Vista. They were 100 percent leased, NNN shopping centers located on the ground floor of each mixed-use development.
The property was previously marketed unsuccessfully by another brokerage firm. The Brandon Michaels Group implemented an accelerated marketing plan and located the ideal foreign investor. The property closed at a record breaking sales price of $743 per square foot.
200 North San Fernando Boulevard
200 North San Fernando Boulevard is a vacant 11,190 square foot building located in prime Downtown Burbank. Downtown Burbank is a highly walkable, pedestrian friendly neighborhood with multiple restaurants and retailers. In addition, new developments in the area include Burbank Town Center and the former Ikea site. After an agressive marketing campaign, 200 North San Fernando Boulevard sold for $6,000,000 to the ideal buyer, who was seeking to complete renovations to the property to reposition the asset and attract top tenants.
The Roscoe/Woodman Center
13750 Roscoe Boulevard is a “bread and butter” multi-tenant strip center ideally located on the signalized corner of Roscoe Boulevard and Woodman Avenue in Panorama City. The property benefits from a stable tenant mix of retailers with solid terms remaining on their leases and the ideal strip center layout. The Roscoe/Woodman Center was 100% occupied and located in a dense location in West San Fernando Valley. The property sold at a record breaking price of $5,860,000 at a cap rate of 5.85% and a price per square foot of $574.
Gateway at Barrington
The Gateway at Barrington is a mixed-use retail and office property located in the desirable West Los Angeles submarket. All of the current tenants were on month-to month leases allowing for significant rental upside or a redevelopment of the site. The property closed at a record breaking price of $4,600,000, or $457.62.
West Valley Medical Square
West Valley Medical Square is a true value-add medical opportunity priced significantly below replacement costs ideally positioned on the high-trafficked signalized corner of Tampa Avenue and Victory Boulevard in the heart of the San Fernando Valley. West Valley Medical Square is comprised of a two medical office buildings, the South Plaza, a 26,095 square foot two-story medical office building with excellent frontage along Victory Boulevard, and the North Plaza, a 37,003 square foot five-story medical office building directly behind the South Plaza. The combined square footage of the two buildings is 63,098 square feet, ideally situated on 2.05 acres (89,339.57 square feet) of land zoned C2.
Tarzana Professional Center
Tarzana Professional Center is a portfolio of three multi-story office buildings, which function synergistically together as a fully interactive office campus located in Tarzana, CA. The building was 82% occupied at time of sale.The Brandon Michaels Group’s marketing efforts produced the ideal 1031 exchange Buyer and closed at a market leading sales price of $32,000,000. The transaction was awarded the Silver Award for “Best Office Sale” by the San Fernando Valley Business Journal.
5715 Mesmer Avenue
5715 Mesmer Avenue was built in 2006 and designed by award winning architects, Purgh + Scarpa. The building consists of three levels and features cutting-edge design and energy efficient glass windows. The owners of this state-of-the-art office had operated their business out of this location for over a decade. Located in the heart of the Silicon Beach submarket, 5715 Mesmer Avenue is ideally situated at the gateway of tech hub, Playa Vista. As off-market offers came in on the property, the Sellers decided to engage our team. From start to finish, the Brandon Michaels Group closed escrow in 30 days at $12,300,000, setting the market for the highest sale in the immediate area at $923 per SF.
Warner Center North
Warner Center North is a 52,847 SF office building located in Warner Center. The property was 93% occupied at the close of escrow. Warner Center North is optimally located in Warner Center, walking distance to the newly remodeled Westfield Topanga Shopping Center as well as the brand new, open-air Village at Westfield Topanga. In addition, directly adjacent to Warner Center North is a proposed $3-4 billion mixed-use, high rise development named Uptown at Warner Center. Warner Center North sold for $10,096,130.
21300 Oxnard St
21300 Oxnard Street is a 2.31 acre site ideally located in Woodland Hills within the boundaries of the Warner Center Specific Plan (Commerce District). The site currently consists of a 37,000 square foot flex office building with 228 parking spaces (6.16/1,000 SF), which affords an investor or developer the unique opportunity to generate a strong cash flow with the opportunity to re-develop the site in accordance with the Warner Center Specific Plan, which has significant by-right development opportunities.
737-747 N. Western Avenue
737-747 N. Western Avenue is located near the corner of Melrose Avenue and Western Avenue in a highly sought-after neighborhood of Los Angeles, CA. The subject property is an existing Martial Arts Store and Laundromat with approximately 20,803 SF of Land. Located south of Santa Monica Boulevard and just North of Melrose Ave, this prime corner project makes for an ideal site for redevelopment. This Rare, fully entitled development allows opportunity for a 51- Unit Mixed Use Project. Zoned LAC4-1D in a Tier 3 TOC with a 70% density bonus t is entitled for 45 Market Rate Units, 6 Low Income, and 7,700 SF of Retail, all on a 61,050 FAR. The subject property is situated on the cusp of Hollywood, surrounded by Paramount Pictures, Los Angeles City College and Hollywood Palladium.
431 N. La Cienega Boulevard
431 N. La Cienega is the 32,574 square foot piece of land that is the home to Royal Car Wash. The property is ideally located between Beverly Boulevard and Melrose Avenue on La Cienega Blvd, next to the Beverly Center. As a result of its prime location, the owners received multiple offers to purchase the property off-market, which they worked on for a year. Due to their unsuccessful attempts to try and sell the property off-market, the Sellers hired our team. Within 30 days, we were in escrow at a significantly higher price. In addition to the successful marketing, we were more importantly able to insulate the Seller from a significant price reduction and position the Seller to close the escrow at a record breaking sales price.
1580 Jesse Street
1580 Jesse Street is a 44,866 square foot piece of land that is the home to Select Produce. Ideally located in the heart of the Arts District, one of the fastest growing markets in the country, the property received a significant amount of activity from developers looking to acquire the site on an off-market basis. Though tempted by the off-market offers in the range of $9,000,000 – $10,000,000, the Seller’s hired our team to represent them. Escrow successfully opened and closed at the price of $13,500,000. Not only did we achieve a market leading sales price, but we also insulated the Seller’s from the Buyer’s attempt at a price renegotiation.
1411 W. 178th Street
1411 West 178th Street, a 78,542 square foot single tenant industrial building situated on 2.79 acres of land in ideally located in Southern California’s strongest industrial sub-market and one of the most sought-after industrial submarkets nationally, Gardena, CA. The subject property is home to Gamma Aerospace LLC, an industry leading aerospace manufacturing company that creates and assembles key components for the world’s most prestigious aircraft companies including Boeing, Lockheed Martin, Bell Helicopter, Triumph Group, Spirit AeroSystems, Arconic, Northrop Grumman, and L3 Technologies.
5111 & 5119 Washington Boulevard
5111 & 5119 West Washington Boulevard, two industrial warehouse buildings totaling 15,295 square feet ideally situated on 22,652 square feet of land zoned C2-1VL located along Washington Boulevard, just West of South La Brea Avenue and just South of Venice Boulevard in a Qualified Opportunity Zone in Los Angeles, CA. 5111 & 5119 West Washington Boulevard is well located in the high-demand, densely populated Mid-City sub-market of Los Angeles. This centralized Mid-City location is located within close proximity to transit, Culver City, which is going through an extensive revitalization and Downtown Los Angeles.
Ross – Dress For Less
Ross Dress for Less is located at 7060 W. Sunset Boulevard on the southeast sig-nalized corner of Sunset Boulevard and N. La Brea Avenue in the heart of Hollywood, California.Ross Dress For Less is on a NNN lease that expires in January 2020, with two, five-year options remaining. Built in 1987, Ross occupies 27,168 SF situated on 57,230 SF of land. Ross is an S&P 500, Fortune 500 and Nasdaq 100 company and the largest discount apparel and home fashion chain in the United States. Ross has investment grade credit with a credit rating of A3 by Moody’s Investors Services.
The Dollar Tree at 5057 W. Washington Boulevard in the mid-city neighborhood of Los Angeles had a brand new, 10 year NNN lease. The building was newly constructed in 2014 with plenty of on-site parking. Dollar Tree had two, five year options as well as rental increases every five years. The property was sold for $5,200,000 at a cap rate of 5%.
22200 Sherman Way is a brand new 20-year absolute NNN McDonald’s ground lease with eight five-year options.
The McDonald’s offered an investor excellent investment grade credit. The subject property sold for a record-breaking cap rate of 3.28%, the lowest CAP rate ever recorded for a McDonald’s. It sold above list price by $120,000.
18055 Ventura Boulevard
18055 Ventura Boulevard is a two tenant NNN leased commercial property ideally located just east of the NE signalized corner of Ventura Boulevard and Lindley Avenue in Encino, California. 18055 Ventura Boulevard is ideally situated on 35,627 square feet of land zoned C4-1VL, creating a unique opportunity for development in the future. As a result of the 1031 Exchange, the seller saved approximately 15% on taxes and increased their after-tax income by $78,514(33%).
22223 Ventura Boulevard
22223 Ventura Boulevard is a 19,970 square foot commercial building ideally situated on 37,786 square feet of land West of Topanga Canyon Boulevard and East of Fallbrook in Woodland Hills, CA. The subject property sits directly adjacent to the Interstate 101 Ventura Freeway on-ramp, with the rear and West side of the building fronting the 101 Freeway. The subject property benefits from incredible freeway visibility from both Northbound and Southbound directions, with over 350 feet of frontage along the freeway. As a result of the 1031 Exchange, the seller increased after-tax income by $133,956(56%).