Abe Kamara Acquires Retail Property On Melrose Ave. In West Hollywood For $8.5M
8747 Melrose Avenue, West Hollywood, CA 90069
$8,500,000
$2,361/SF
Building Size
3,600 SF
Asset Type
Retail
Closing
Jul 15, 2020
AI
Located in West Hollywood, the retail property at 8747 Melrose Ave. has been sold for a price of $8,500,000. This transaction took place on 07/15/2021. The property spans a total of 3,600 square feet, resulting in a price per square foot of $2,361. The sale was facilitated by Chris Chasin and Renee Avedon of Compass Commercial, who represented both the buyer, Abe Kamara, and the seller, Nancy Corzine.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Address: 8747 Melrose Ave.
- Market: West Hollywood
- Buyer: Abe Kamara
- Seller: Nancy Corzine
Chris Chasin and Renee Avedon from Compass Commercial played a crucial role as the brokers in this deal. They represented both the buyer and seller, ensuring a smooth transaction for all parties involved.
Players
West Hollywood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93