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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.
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
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