WESTMAC Commercial Brokerage Company has announced the sale of 11570 W. Olympic Boulevard in Los Angeles, CA 90064, for $7.2 million. 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 transaction closed after generating multiple offers, underscoring the competitive demand for well-positioned medical office properties in the West Los Angeles 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 Commercial Brokerage Company represented the seller, Nogan LLC, in the transaction.
The sale of 11570 W. Olympic Boulevard is significant for several reasons. First, it demonstrates the ongoing strength of the medical office sector, which has remained resilient amid broader economic fluctuations. Healthcare providers increasingly seek to own their facilities to control costs and customize spaces to meet patient needs. Second, the multiple offers received indicate a shortage of available medical office properties in West Los Angeles, driving competition among buyers.
For White Camden, LLC, acquiring this property enables the medical group to establish a permanent presence in a prime location. The building’s proximity to major thoroughfares and residential areas makes it convenient for patients. Additionally, owning the property provides long-term stability and potential appreciation, which is advantageous for a growing practice.
WESTMAC Commercial Brokerage Company, founded in 1988 by Timothy C. Macker, is a full-service real estate firm specializing in office, industrial, retail, and multi-family properties. The firm provides advisory and marketing services to property owners, users, developers, and investors. Their standard is “The client's best interest must be the guiding force behind all services.”
The transaction highlights the importance of experienced brokerage in navigating complex commercial real estate deals. WESTMAC’s expertise in the local market and understanding of medical office requirements were instrumental in achieving a successful outcome for both parties.
