WESTMAC Commercial Brokerage Company announced the sale of 11570 W. Olympic Boulevard, Los Angeles, CA 90064, for $7,200,000. The buyer, White Camden, LLC, an owner-user medical group, acquired the property, which consists of a ±10,724-square-foot medical office building situated on a ±23,187-square-foot lot. The property generated multiple offers prior to closing, underscoring the competitive nature of the West Los Angeles commercial real estate market.
"This transaction reflects continued demand for well-located owner-user opportunities in the West LA market. White Camden, LLC recognized the long-term value of this medical office property, and we are pleased to help facilitate their acquisition of a property that aligns with their vision and business objectives," said T.C. Macker, President of WESTMAC. T.C. Macker and Woody Cook of WESTMAC represented the seller, Nogan LLC, in the transaction.
The sale highlights the ongoing trend of medical groups seeking to own their facilities, which offers them stability and potential long-term appreciation. The West Los Angeles submarket remains attractive due to its dense population, high-income demographics, and proximity to major healthcare facilities. The multiple offers indicate strong investor and user demand for medical office assets in the area.
WESTMAC Commercial Brokerage Company, founded in 1988 by Timothy C. Macker, is a Los Angeles-based full-service real estate firm providing consultation, advisory, and marketing services to property owners, users, developers, and investors. The firm specializes in office, industrial, retail, and multi-family properties. Its services include exclusive marketing of for-sale and for-lease properties, tenant representation, and consultation on disposition or acquisition of commercial property.
For more information, visit WESTMAC Commercial Brokerage Company.
