Shaheen Manshoory Acquires Retail Property On Melrose Avenue For $1,777,470 With David Hay As Buyer's Rep
7365 Melrose Avenue
$1,777,470
$600/SF
Building Size
2,960 SF
Asset Type
Retail
Closing
Jun 24, 2026
AI
The property asset involved in the transaction is located at 7365 Melrose Avenue in Los Angeles. This retail asset was sold for a total of $1,777,470, encompassing a total area of 2,960 square feet, which translates to a price per square foot of $600.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,777,470
- Address: 7365 Melrose Avenue
- Market: Los Angeles
- Buyer: Shaheen Manshoory
- Seller: Barbara Dubey & Lauren Cooley
- Buyer's Representative: David Hay
- Seller's Representatives: Ryan Gurman & Bronson Morgan - CBRE
- Square Footage: 2,960
- Price Per Square Foot: $600
Key individuals involved in the deal include the buyer Shaheen Manshoory, and the seller parties Barbara Dubey & Lauren Cooley. The representatives for the seller, Ryan Gurman and Bronson Morgan, operate under CBRE, while the buyer is represented by David Hay.
Market 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
8.92%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93