Bechirian Investments Acquires Hollywood Nightclub Retail Property For $9.74M

Bechirian Investments has acquired a retail property in Hollywood. The nightclub, located at 1600 Argyle Ave, was sold by Elysium Group for a price of $9,740,000. The property spans 9,466 square feet, resulting in a price per square foot of $1,028. The transaction took place on October 26, 2020.

Summary of transaction details

• Property Type: Retail (Nightclub)
• Transaction Amount: $9,740,000
• Address: 1600 Argyle Ave
• Market: Hollywood
• Buyer: Bechirian Investments
• Seller: Elysium Group
• Brokers: Michael Sterman, Jeff Louks - Marcus & Millichap & Paul Brehme - Lee & Associates
• Square Footage: 9,466
• Price per Square Foot: $1,028

The deal was facilitated by Michael Sterman and Jeff Louks from Marcus & Millichap, along with Paul Brehme from Lee & Associates.