David Cooley in West Hollywood, California. photo: Rodin Eckenroth/Getty Images
Perhaps the most prolific LGBTQ club in Los Angeles traded hands for $27 million, Commercial Observer has learned.
Tech entrepreneur Tristan Schukraft agreed to buy The Abbey and its sister location the Chapel in West Hollywood from investment banker David Cooley, the company announced in November 2023. However, a real estate sales price had not yet been disclosed.
The 14,200-square-foot properties at 686 and 692 North Robertson Boulevard were on the market for about four months. Schukraft, a longtime patron of The Abbey, will keep the restaurant and nightclub open.
Schukraft also acquired Cooley’s business, but the price of that trade has not been disclosed.
Matthew Luchs and Brandon Michaels at Marcus & Millichap (MMI) handled the transactions.
Gregory Cornfield can be reached at gcornfield@commercialobserver.com.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, off market, investment sales, Commercial Real Estate, Commercial Observer
Read MoreChannel, Sales, 686 North Robertson Boulevard, 692 North Robertson Boulevard, Brandon Michaels, David Cooley, Matthew Luchs, The Abbey, Tristan Schukraft, Los Angeles, West Hollywood, Marcus & Millichap Commercial Observer