$99 Million Dollar Acquisition of 8000 Sunset Shopping Center

$99 Million Dollar Acquisition of 8000 Sunset Shopping Center

Written by: Samantha Guarderas

Located in West Hollywood, 8000 Sunset is a 171,400 square-foot grocery shopping center that was just attained through a $99 million dollar purchase by Weingarten Realty Investors. According to globest.com, the shopping center is already 94% leased including beloved stores such as Trader Joe’s, Starbucks, Crate & Barrel, Sundance Cinema and Crunch Fitness. The location is estimated to attract a large amount of traffic due to the surrounding communities including Beverly Hills and the Hollywood Hills. The average household income within a three-mile radius of the property is averaged at $104,000. The intersection, Sunset Boulevard at Crescent Heights Boulevard, sees 140,000 vehicles pass through daily.

This average is guaranteed to uphold the attention of drivers that pass by every day, which will assure maintaining the current following while also attracting new customers. The amount of people exposed to the shopping center is certain to contribute to the success of the building. Due to both the location and prosperous residential communities, Weingarten Realty invested in the property with high hopes to continue to appeal to the masses and gather even more loyal customers to the 22-year old shopping center.

Through our June Street listing, Eklipse Real Estate is offering not only the perfect home but also the ideal location just minutes away from the Sunset Shopping Center. The shopping center offers everything needed for daily living. Whether it’s groceries, a coffee, miscellaneous items or an impromptu shopping trip, the Sunset Shopping Center has it all. June Street is sure to provide any homeowner the satisfaction of convenience with such a practical shopping center nearby.

Phillip Braunstein is the listing agent.