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Bechirian Investments Acquires Hollywood Nightclub Retail Property For $9.74M

1600 Argyle Avenue
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This Retail property located in CA was sold for $9,740,000 over 3 years ago. The brokers of the deal were Paul Brehme, Michael Sterman, and Jeff Louks

Bechirian Investments has acquired a retail property in Hollywood. The nightclub, located at 1600 Argyle Ave, was sold by Elysium Group for a price of $9,740,000. The property spans 9,466 square feet, resulting in a price per square foot of $1,028. The transaction took place on October 26, 2020.

Summary of transaction details

The deal was facilitated by Michael Sterman and Jeff Louks from Marcus & Millichap, along with Paul Brehme from Lee & Associates.

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Deals
  • Location
    1600 Argyle Avenue1600 Argyle Avenue
  • Sale Price
    $9,740,000$9,740,000
    $1,028 PPSF$1,028 PPSF
  • Area
    9,466 SF9,466 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Jeff Louks

Jeff Louks

Deals28
Sold$279.4M

Agencies

Lee & Associates

Lee & Associates

Agency
Deals974
Volume$10B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Michael Sterman, Jeff Louks, Paul Brehme DATE: 10/26/2020 ADDRESS: 1600 Argyle Ave @ArgyleHollywood MARKET: Hollywood ASSET TYPE: Retail (Nightclub) 🕺 BUYER: Bechirian Investments SELLER: Elysium Group BROKERS: Michael Sterman, Jeff Louks - Marcus & Millichap & Paul Brehme - Lee & Associates SALE PRICE: $9,740,000 SF: 9,466 ~ PPSF: $1,028

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1600 Argyle Avenue

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