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Medical Office Building in Prime Santa Monica Location Sells for $6 Million

1227 Lincold Blvd, Santa Monica California

Santa Monica, CA – February 11, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Medical Office Building located in the City of Santa Monica, California.

Spectrum CRE™ represented the Buyer and Coldwell Banker Commercial represented the Seller in the transaction.

Built in 1959, this freestanding 6,630 square foot Owner/User boutique medical office is located at 1227 Lincoln Boulevard, in the city of Santa Monica, CA. The building is currently at ±50% vacancy and features six medical suites, abundant surface parking, elevator access, storage, skylights, recent common area upgrades and a café on the ground floor.

The property is centrally located just south of the Wilshire and Lincoln signalized intersection – a few blocks from the Third Street Promenade, Santa Monica Place Mall and the Santa Monica Pier.

“Our client wanted to purchase a medical office building in the City of Santa Monica, however the low inventory for medical buildings made it difficult to find a suitable location” said Yair Haimoff. “After touring and negotiation on multiple facilities we finally located this building which met most of our clients’ building parameters.”

Despite the pandemic, the second half of 2021 saw an uptick in occupier interest. In the fourth quarter Los Angeles West dominated leasing with activity at 40% across the Greater Los Angeles area. Santa Monica saw the bulk of transactions from the tech and entertainment industry accounting for some of the largest deals of the quarter.

This Office building sold for $5,900,000.00.

Call brokers for more information.

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Spectrum Commercial Real Estate Just Closed $2.7 Million Sale of an Office Building in Valencia, CA

28015 Smyth Dr, Santa Clarita, CA 91355

Valencia, CA – January 11, 2022 – Executive Vice President Randy Cude and Vice President Matt Sreden of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of an office building located in the City of Valencia, California.

Spectrum CRE™ represented the Buyer and Seller in the transaction.

This ±7,383 square foot freestanding office building is located along the prestigious Smyth Drive at 28015 Smyth Drive, Valencia, California, in Highridge Business Park. The Property features nine private executive suites, large open bay, conference room, reception area, kitchen, and storage area.

The property has a high image corporate identity and a campus environment, located near restaurants, daycare, and minutes away from the Valencia Town Center.

The office market has seen a rise in vacancy rates and lower asking rents in the third quarter of 2021 compared to 2020. However, the office market has shown signs of promise and macroeconomic indicators remain optimistic.

The Buyer, an Owner/User, plans on occupying a percentage of the building and converting the remainder of the building into high-end executive office suites. Randy Cude and Matt Sreden were able to negotiate a Leaseback for the Sellers to occupy a portion of the building.

This office building sold for $2,675,000.00.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum CRE™ was founded in 2018, headquartered in Valencia, with offices in Woodland Hills, Encino and Century City, California. We are a full service commercial real estate firm offering clients personalized service, local knowledge, and a pioneering approach to brokerage. The firm’s exceptional brokerage services include tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity and property management. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed Sale of Retail/Office Space in North Hollywood, CA

Retail Office Space in North Hollywood

North Hollywood, CA – September 23, 2021 – Isaac Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a building located in North Hollywood, CA.

Haimoff represented the seller in this transaction.

The asset is a very rare small retail/office building located on Lankershim Boulevard in the heart of the NoHo Arts District. The building provided a rare opportunity for an owner-user/investor to own a small piece of real estate in one of the most desirable areas in the San Fernando Valley.

The property is located near the corner of Lankershim Boulevard and Morrison Street. It is within close proximity to major retailers, shops, and restaurants. It is also minutes away from the North Hollywood Metro station and the 101, 134, 170, and 5 freeways.

The property sold for $1,175,000.

Please contact the broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed the Sale of a Retail/Office Building in Burbank, CA

Office Building for Sale

Burbank, CA – September 23, 2021 – Isaac Haimoff of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a building located in Burbank, CA.

Haimoff represented the seller in this transaction.

The asset is a rare two-unit retail/office building located at 3804 West Burbank Boulevard. The building provided the opportunity for an owner-user/investor to occupy one unit and collect rental income on the second unit.

The property is located in a prime Burbank location near the corner of West Burbank Boulevard and North Screenland Drive. It is within close proximity to downtown Burbank, the NoHo Arts District, major retailers, shops, and restaurants. It is also minutes from Hollywood Burbank Airport, two Metrolink stations, and the 5, 134, and 170 freeways.

The property sold for $1,165,000.

Please contact the broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed Sale of Office/Flex Building in Valencia

28318 Constellation Road, Valencia CA

Valencia, CA – July 14, 2021 – Yair Haimoff, SIOR and Andrew Ghassemi of Spectrum Commercial Real Estate, Inc., are pleased to have represented the seller in the recent sale of this ±4,828-square-foot office/flex condo in a prime Valencia location.

The sale was an all-cash, quick-close owner-user deal.

The asset is an office/flex condominium situated within the prestigious Discovery Gateway Spectrum I.

The building is located at 28318 Constellation Road. The property is a high-image, state-of-the-art facility, and it features a well-designed office layout with floor-to-ceiling windows and panoramic views of the Santa Clarita Valley.

The property is located near the corner of Constellation Road and Alta Vista Avenue. It is within minutes from Valencia Town Center amenities, restaurants, fitness centers, daycare centers, golf courses, the Hyatt Hotel and Conference Center, and the new Newhall Ranch Development (20,000 +/- residential units). Also, it provides easy access to I-5, SR-14, and SR-126.

The property sold for $1,395,292.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed Sale of Retail Building in Montebello, CA

Beverly Montebello, Retail Building in Montebello

Montebello, CA – July 9, 2021 – Yair Haimoff, SIOR and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a retail center located in prime Montebello, CA.

Haimoff and Rabinowitz represented the buyer in this investment sale.

The asset consists of two buildings located at 2537 West Beverly Boulevard. The buildings were built in 1982 and renovated in 2011. There is one single-story building and one two-story multi-tenant building, and in total the property is made up of four retail storefronts, four office spaces, and a detached fast-food restaurant. The area of the buildings is 6,200 sq. ft., and they sit on a 10,196-square-foot parcel. The property is in a prime corner location with high visibility. The buildings are fully leased out.

The property is located near the signalized corner of West Beverly Boulevard and North Hay Street. It is in a prime Montebello location in close proximity to Quiet Cannon, Citadel Outlets, public transportation, restaurants, shopping, and parks. This location provides easy access to the I-5, I-710, and SR-60.

The property sold for $1,450,000.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Closed Sales of Two Multi-Family Buildings in Los Angeles

Multi Family Buildings in Los Angeles

Los Angeles, CA – July 9, 2021 – Yair Haimoff, SIOR, Executive Managing Director of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of two multi-family buildings located in prime West Los Angeles, CA.

Haimoff represented the buyer on the portfolio sale.

The first building is a six-unit, two-story investment property located at 1224 South Barrington Avenue. It is approximately 8,992 sq. ft., and it is situated on an approximately .14-acre, LAR3-zoned parcel. The building is comprised of five two-bedroom units and one penthouse three-bedroom unit that spans a full floor. The structure was built in 1973, and it presents a value-add opportunity with the potential to increase rents after interior renovations.

The Barrington property is located near the corner of Barrington Avenue and Wilshire Boulevard. It is in a prime West Los Angeles location minutes from UCLA, Santa Monica Pier, Santa Monica Municipal Airport, and the Getty Center. This site is close to a host of amenities located in Westwood Village, Sawtelle Avenue Japan-town, and Santa Monica. This location provides easy access to the I-405 freeway and Pacific Coast Highway.

The second building is a five-unit, two-story investment property located at 10360-10364 Ashton Avenue. It is approximately 4,113 sq. ft., and it is situated on an approximately .11-acre, LARD 1.5-zoned parcel. The building is comprised of four one-bedroom units and one two-bedroom

unit. The structure was built in 1941, and it presents the potential to grow current rents through renovation.

The Ashton property is located near the corner of Ashton Avenue and Beverly Glen Boulevard. This property is also in a prime West Los Angeles location minutes from UCLA, the Los Angeles Country Club, Rodeo Drive, Westfield Century City, and Cedars-Sinai Medical Center. This location provides easy access to SR-2 and I-405.

The buildings sold for a combined purchase price of $6,800,000.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Leased a Drive-Thru Restaurant Property in Azusa

Drive-Thru Restaurant Property in Azusa

Azusa, CA – April 15, 2021 – Yair Haimoff, SIOR, Executive Managing Director with Spectrum Commercial Real Estate, Inc., is pleased to announce the recent lease with option to purchase of a drive-thru restaurant located in Azusa, CA.

Haimoff represented the tenant/buyer, Tacos El Superior, Inc. The transaction was a long-term lease with an option to purchase. The buyer exercised their right to purchase immediately after signing the lease agreement.

The property is located at 700 East Alosta Avenue in Azusa, CA, on the corner of Rockvale Avenue and East Alosta Avenue/West Historic Route 66. This site is in a prime Azusa location, within minutes from Azusa Pacific University and Citrus College. It also provides easy access to the 210 freeway.

The drive-thru restaurant is 2,499 sq. ft. on approximately 19,561 sq. ft. of C3 zoned parcel. This is one of the only two drive-thru restaurants that have 24-hour permits.

Spectrum Commercial Real Estate, Inc., represents Tacos El Superior for its expansion needs. Haimoff said of the deal, “We had been looking for facilities in Los Angeles, Ventura and Orange counties. I reached out to different owners and eventually found this particular site. The ownership had other interest on the site, so we needed to act very quickly to secure it.”

The property sold for $2,000,000.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Sold 12,310 SF Commercial Building in Northridge

two-story commercial building located in Northridge, CA

Northridge, CA – April 6, 2021 – Yair Haimoff, SIOR, Executive Managing Director with Spectrum Commercial Real Estate, Inc., is pleased to announce the recent off-market sale of a 12,310 sq. ft. two-story commercial building located in Northridge, CA. This sale signals the continued growth of the commercial sector within the San Fernando Valley region despite the COVID-19 pandemic.

Haimoff represented the seller. The buyer is an owner/user and obtained SBA financing.

The property is located at 8624-8628 Reseda Boulevard in Northridge, CA, on the corner of Reseda Boulevard and Bryant Street, a block south of Parthenia Street. This location is a prime Northridge location, within minutes from CSUN, Northridge Hospital Medical Center and Westfield Northridge Fashion Center. It also provides easy access to the 118, 405 and 101 freeways.

The two-story commercial building is 12,310 sq. ft. on approximately 18,378 sq. ft. of C2 zoned parcel. The newly renovated building consists of three ground floor units that range between 1,700 sq. ft. to 5,950 sq. ft. and ten second floor units that range from 400 sq. ft. to 2,000 sq. ft. The buyer will occupy the entire ground floor space for its intended use and retain all of the tenants on the second floor.

The seller originally purchased the property as a long-term investment and had conducted renovations. Haimoff said of the sale, “During the renovation process, we were approached by a medical user who really liked the progress of the renovations and the property’s close proximity to the Northridge Hospital Medical Center. After extensive negotiations, the buyer and seller came to an agreement, and we opened escrow.”

The property sold for $3,450,000.

Spectrum Commercial Real Estate, Inc., also serves as the property management.

Call broker for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia and Woodland Hills, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com

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Spectrum Commercial Real Estate Just Sold 23,817 SF Professional Office Building in Valencia

25050 Avenue Kearny in Valencia, CA

Valencia, CA – April 6, 2021 – Yair Haimoff, SIOR, Randy Cude and Matt Sreden, commercial real estate advisors with Spectrum Commercial Real Estate, Inc., are pleased to have represented the seller in the sale of a +/- 23,817 SF professional office building in a prime Valencia location.

The property is located at 25050 Avenue Kearny in Valencia, CA, within the prestigious Valencia Industrial Center, on the corner of Avenue Scott and Avenue Kearny. The building is comprised of thirty (30) professional office suites occupied by a mixture of short- and long-term tenants. The efficiently sized office suites range in size from 378 square feet to 1,864 square feet.

The surroundings of the property include professional office and industrial buildings as well as retail centers. It is within minutes from Valencia Town Center amenities, restaurants, fitness centers, daycare centers, golf courses, the Hyatt Hotel and Conference Center and the new Newhall Ranch Development (20,000 +/- residential units), and it is easily accessible to I-5, SR-14 and SR-126.

The property sold for $6,000,000.

Call brokers for more information.

About Spectrum Commercial Real Estate, Inc.

Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com