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8500 West Sunset Boulevard

Updated Aug 14, 2026

Regal Ventures Acquires Leased Retail Property On Sunset Strip In West Hollywood For $30M
SOLDRetail

Regal Ventures Acquires Leased Retail Property On Sunset Strip In West Hollywood For $30M

8500 West Sunset Boulevard

$30,000,000

$791/SF

Building Size

37,900 SF

Asset Type

Retail

Closing

Jan 8, 2024

About this deal

AI

The retail property involved in this transaction is located at 8500 Sunset Boulevard in West Hollywood. It was sold for a price of $30,000,000 and spans an area of 37,900 square feet, translating to a price per square foot of $792. This asset is fully leased and features prominent flagship stores for Fred Segal and Kith.

Summary of transaction details:

Regal Ventures, a New York-based investment firm, acquired the property from CIM Group as part of a strategic focus on retail investments in major metropolitan areas. This acquisition reflects the strong market fundamentals of the retail sector and the constrained supply resulting from factors such as higher interest rates and rising building costs.

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$30,000,000

$791/SF

Retail

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Players

Shaul Kuba

CIM Group

Seller

$796.2M

vol

26 deals

Seller
Alex Smith

Alex Smith

Regal Ventures

Landlord

$159.3M

vol

10 deals

Landlord
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West Hollywood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $791 per square foot on a published $30M for 37,900 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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