WESTMAC Commercial Brokerage Company announced the sale of 11570 W. Olympic Boulevard in Los Angeles for $7.2 million. The property, a ±10,724-square-foot medical office building on a ±23,187-square-foot lot, was purchased by White Camden, LLC, an owner-user medical group. The transaction closed with multiple offers, reflecting sustained interest in owner-user opportunities in the West LA market.
T.C. Macker, President of WESTMAC, stated, '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.'
T.C. Macker and Woody Cook of WESTMAC represented the seller, Nogan LLC, in the transaction. WESTMAC Commercial Brokerage Company, founded in 1988 by Timothy C. Macker, is a full-service commercial real estate brokerage firm based in Los Angeles. The firm specializes in office, industrial, retail, and multi-family properties, providing advisory, marketing, and consultation services to property owners, users, developers, and investors.
The sale underscores the ongoing demand for medical office space in West Los Angeles, a market characterized by limited supply and strong demographics. As healthcare providers seek to own their facilities, transactions like this one demonstrate the value of owner-user acquisitions in stabilizing occupancy costs and building equity. The property's location on Olympic Boulevard offers visibility and accessibility, key factors for medical practices serving the surrounding communities.
For more information, visit WESTMAC Commercial Brokerage Company.
