Updated Sep 22, 2026
Michael Shabani Of Crown Equity Leases 3,000 SF Retail Space To Fear Of God In West Hollywood
8379 Melrose Avenue
Building Size
3,000 SF
Asset Type
Retail
Closing
Sep 21, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 8379 Melrose Avenue in West Hollywood, CA. The property spans over 3,000 square feet and was previously acquired by the landlord, Michael Shabani of Crown Equity, for approximately $19 million in 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 8379 Melrose Avenue
- Market: West Hollywood, CA
- Landlord: Michael Shabani - Crown Equity
- Tenant: Fear of God
Fear of God has leased the entire retail space and has plans to renovate the property, marking a significant development for both the tenant and the landlord in the West Hollywood market.
On the Map
Retail
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West Hollywood Retail Market Snapshot
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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