Freeway-adjacent.With rental rates on the rise and vacancies down in most submarkets across Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , brokers say that more and more users are looking to buy office properties. This was the case in the sale of the two-story office building at 1631 Pontius Ave., just off of Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. Boulevard near the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. (405) Freeway. The 8,052-square-foot building was purchased on Aug. 29 by an unnamed local advertising and marketing company that operated under the Skycannic Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The seller was Kaiser Family Trust, the entity of a Malibu family that used the building for its company, Kaiser Marketing. Constructed in 1972, the building sits on just about a fifth of an acre. At $5.03 million, the sale breaks down to a whopping $625 per square foot. But that was not a problem for the buyers, said T.C. Macker of Coldwell Banker Commercial Westmac. "With rents being so high on the Westside there is an active user market," said Macker, who represented the seller. "At a certain point it makes sense to own rather than lease." [ILLUSTRATION OMITTED] Macker said that owner-users like the buyer in this deal are often willing to pay 10 percent more than what a typical owner-investor would pony up. "That's the case here," said Macker, who added that there were multiple offers on the property, which went into escrow with the buyer a week after it hit the market. Craig Miller Craig Millar is a reporter and news presenter for North Tonight on STV North. Miller regularly reports for the Opt-out bulletin within the main North Tonight programme from STV's studios in Dundee in which covers stories for Tayside and North-east Fife. and Jeff Lipson of StoneMiller represented the unnamed buyer in the Pontius deal. Timothy C. Macker, T.C.'s lather, also represented the Kaiser Family Trust. Staff reporter Daniel Miller People called Daniel Miller include:
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