LOS ANGELES, CA – 1 Mar, 2017 – A single-story, 1,787-square foot building located on the high-traffic arterial Lincoln Boulevard has sold for $1,850,000.
Sellers, Frank Nadarzynski and Monica Glick, sold the former auto repair shop located at 208 Lincoln Boulevard to Swedish Cap Repair, LLC, a limited liability company. The Buyer purchased the property as owner-users and plans to convert the 4,000-square foot lot into a clothing store.
“At a premium of $1,035 per square foot, that’s the highest price to date for an auto repair facility on Lincoln Boulevard in Venice,” says Brian Hart.
208 Lincoln Boulevard is situated in the Venice neighborhood of Los Angeles, popular with both tourist and locals thanks to its blend of upscale boutiques, funky shops, eclectic cafés, and famous boardwalk.
T.C. Macker, CCIM and Brian Hart of Coldwell Banker Commercial WESTMAC represented both the Buyer and the Seller.
About Coldwell Banker Commercial
Coldwell Banker Commercial WESTMAC 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. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.
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.”
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