Jim Cooper Of REM Finance Acquires West Hollywood Retail Property For $80M

A retail property located at 8850-8860 Sunset Blvd., 8866-8870 Sunset Blvd., 8874-8878 Sunset Blvd, and a parcel of land at 1029 Larrabee St. in West Hollywood has been sold for $80,000,000. The property spans across 54,000 square feet and has a price per square foot of $1481.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $80,000,000
• Square Footage: 54,000
• Price per Square Foot: $1481
• Address: 8850-8860 Sunset Blvd., 8866-8870 Sunset Blvd., 8874-8878 Sunset Blvd, and 1029 Larrabee St., West Hollywood
• Market: West Hollywood

The buyer of the retail property is Jim Cooper, a director at REM Finance Inc. of Scottsdale. The seller in this transaction is 5th Gear.