Updated Sep 22, 2026
Carisa Janes Of Hourglass Cosmetics Signs Six-year Lease For 18,500 Square Feet In West Hollywood
8687 Melrose Avenue
Building Size
18,500 SF
Asset Type
Office
Closing
Sep 22, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 8687 Melrose Avenue in West Hollywood, CA. The total square footage of the property is 18,500 square feet, and it is part of the Pacific Design Center’s Red Building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Landlord: Charles Cohen - Cohen Brothers Realty
- Tenant: Carisa Janes - Hourglass Cosmetics
- Lease Terms: six-year
The deal sees Carisa Janes of Hourglass Cosmetics signing a lease for the specified office space. This lease is part of a broader agreement that includes seven leases totaling nearly 96,000 square feet within the same building. The Pacific Design Center’s Red Building is also home to various other tenants in the beauty, fashion, and technology sectors.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93