Updated Jul 2, 2026
Gerald Myers Leases 10,000 SF Retail Space To Paloma Wool On Melrose Avenue For 5 Years
8410 Melrose Avenue
$100
$100/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 30, 2026
About this deal
AI
The property involved in the transaction is a retail asset located at 8410 Melrose Avenue, in the Los Angeles market. It spans 10,000 square feet and operates under a NNN Lease structure. The lease agreement has a term of 5 years.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8410 Melrose Avenue
- Market: Los Angeles
- Lease Type: NNN Lease
- Lease Term: 5 Years
- Landlord: Gerald Myers
- Tenant: Paloma Wool
- Tenant's Representatives: Shanna Naim & Nico Atherton - Skyview Real Estate Partners
Nico Atherton and Shanna Naim of Skyview Real Estate Partners represented the Tenant in signing their first flagship store in Los Angeles on Melrose Avenue. The representation highlights the demand from global fashion brands entering the Los Angeles market for high-street locations.
On the Map
$100
$100/SF
Retail
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Players
West Hollywood Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93