Blatteis & Schnur Acquires West Hollywood Property From Private Investor For $20.5M

The property involved in this transaction is a retail space located at 8532 Melrose Ave, West Hollywood, CA. The property was acquired for a price of $20,500,000.00, featuring a total area of 4,946 square feet. This high-street retail property is situated in a prominent commercial corridor of Los Angeles, with the current tenant being Lululemon Athletica.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,500,000.00
• Address: 8532 Melrose Ave, West Hollywood, CA
• Market: West Hollywood
• Seller: Private Investor
• Buyer: Blatteis & Schnur
• Seller's Representatives: Brittney McCarthy - Kidder Mathews, Darrell Levonian - Kidder Mathews
• Buyer's Representatives: Imperial Capital

This transaction involved key representatives in the real estate sector, with Tanel Harunzade from Imperial Capital representing the buyer, Blatteis & Schnur. The transaction was facilitated by Brittney McCarthy and Darrell Levonian, both of Kidder Mathews, acting on behalf of the seller, a private investor based in New York.