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6/17/25
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The Shops at Hancock Lofts, a 10.5k sf retail condo property in West Hollywood, traded for $13 mil, or $1,238/sf. The property is located at 8759, 8761, and 8763 Santa Monica Blvd, just west of La Cienega Blvd.
The Shops at Hancock Lofts is fully leased to a strong mix of tenants, including Tender Greens, Thirty-2 Dentistry, and Crossroads Trading. The offering also included the parking garage and associated revenue.
The buyer, Goodyear Investments, LLC – a private investor, made the purchase to satisfy a 1031-exchange. They were represented by Pegasus Investments for both the acquisition and debt origination. CBRE’s Patrick Wade and Alex Kozakov represented the seller, an institutional owner, in the transaction.
“West Hollywood continues to be one of the most coveted retail investment submarkets in Southern California,” said Wade. “With a high-performing tenant mix and significant foot traffic, this was a rare opportunity to secure a high-quality asset in an exceptionally competitive market.”
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