Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1960
Building Area Net
Number of units 1
Occupancy 100.0 %

Property description

As exclusive advisor, JLL is pleased to offer the opportunity to acquire 8379 Melrose Avenue (“the Property”), a 3,275 square-foot urban retail building contiguous to Melrose Place on the corner of world-famous Melrose Avenue and Orlando Avenue in the heart of West Hollywood, California. The Property is 100% leased to Casper. Casper has identified this store as the company’s Westcoast flagship location. The Property also features an exceptionally rare owned billboard that generates additional annual revenue and growth potential. There are 8 dedicated parking spots on site and metered parking running along Melrose Avenue and Orlando Avenue. 8379 Melrose Avenue offers investors the opportunity to acquire a trophy asset with high growth potential in a premier West Hollywood location, boasting a 3-mile population of 276,294 with an average household income of $130,942.

Investment highlights

RARE INVESTMENT OPPORTUNITY

West Hollywood is one of the most sought after retail

destinations in Southern California with exceptional tenant

demand and continued densification of the area. Few

properties with true value creation potential ever trade hands

in this market and even fewer at such a prominent intersection.


WORLD CLASS BRANDING OPPORTUNITY

The scarcity of commingled billboard and real estate purchase

opportunities combined with the highly visible and trafficked

location create priceless brand exposure.


TOP MEDIA MARKET

As the second-largest media market in the United States, Los

Angeles has limited signage opportunities given the extremely

high demand from tech and media companies. 8379 Melrose

Avenue’s highly desirable billboard and location in one of

the top advertising submarkets in the world, positions the

Property to benefit immensely from increased demand for

marketing campaigns.


EXCELLENT ACCESSIBILITY AND VISIBILITY

The Property is strategically positioned at the intersection of

Melrose Avenue (36,000 VPD) and Orlando Avenue in the

heart of West Hollywood.


RARE PARKING AMENITY

The Property benefits from 8 surface parking spaces, which

is a rare amenity in such a densely populated area of West

Hollywood.


Last Updated Date: 26 Oct 2021

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Last Updated Date: 26 Oct 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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