Justin Gru Acquires Retail Property On Melrose Avenue In West Hollywood For $6M

Located on Melrose Avenue in West Hollywood, this retail property is the subject of a recent off-market sale. The transaction took place on 03/25/2020, and the property was sold for $6,000,000. With a total area of 4,000 square feet, the price per square foot is approximately $1,500.00. The property is now under the ownership of Justin Gru, who is an owner-user. The seller of the property was Caroline Styne & Suzanne Goin. The deal was facilitated by broker Steve Anavim.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $6,000,000
• Date: 03/25/2020
• Address: 8474 Melrose Avenue
• Market: West Hollywood
• Size: 4,000 SF
• Price per Square Foot: $1,500.00
• Buyer: Justin Gru
• Seller: Caroline Styne & Suzanne Goin
• Broker: Steve Anavim
• Notes: Sold off market - Buyer is an Owner-User

During the transaction, Steve Anavim represented the buyer, Justin Gru, as their broker. This off-market sale provides an opportunity for Gru to use the property for his own purposes, adding to his portfolio of assets.