Real Estate - Santa Monica, California, United States
Los Angeles Commercial was originally founded in 2010 as a boutique real estate firm mainly representing LA based buyers of out-of-state single tenant NNN properties. The concept came from Peter Ciriello's experience with the majority of his clientele since 2003. Most clients were tired of owning multifamily with the hassles and maintenance involved and wanted to move into more "turn-key" properties with decent cash flow in a 1031 exchange. Almost always, better yields were found out-of-state. Since Peter only represents credit-tenant, long term, triple or absolute net properties, properties could be located anywhere in the country. This business Peter's other specialty selling local multifamily properties (in association with Marcus & Millichap, Sperry Van Ness, Remax Commercial, and most recently KW Commercial). In 2017, Peter consolidated all efforts, selling multifamily, buying NNN, and now - representing business owners in the sale of their businesses under one roof, the stand-alone business of LA Commercial.
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