Michael Shabani Acquires Retail Property In West Hollywood For $19.2M

8379 Melrose Ave. in West Hollywood has been sold for a price of $19,200,000. The property is a retail asset with a total square footage of 3,275. The sale price per square foot is $5,862. The transaction took place on April 15, 2022.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $19,200,000
• Address: 8379 Melrose Ave.
• Market: West Hollywood
• Square Footage: 3,275

The buyer for this transaction is Michael Shabani, while the seller is Sterling Organization. The deal was facilitated by Geoff Tranchina and Tim Kuruzar from JLL.