Micky’s West Hollywood, the iconic gay restaurant, bar and nightclub, located at 8855 Santa Monica Blvd, has officially been listed for sale. Commercial real estate agency The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market the 9,200 square foot, two-story space situated on 0.10 acres of land (4,406 SF), in the heart of West Hollywood’s LGBT Rainbow District.
According to the listing, the seller will consider a sale-leaseback for 5 years from the close of escrow with one additional 5-year term (lease terms are potentially negotiable), for the asking price of $14,000,000.
The seller will also consider a sale of the operating of the Micky’s business, which includes a type 47 and type 5B ABC license and a tangible and intangible asset for $4,000,000.
First opening its doors in 1989, Micky’s nightclub and gay bar has established itself as the go-to venue in WeHo as one of the longest running, most successful, gay-owned and operated nightclubs in Los Angeles. Seven days a week, Micky’s continues to attract a hugely diverse crowd throughout the week, with top-notch DJs, state of the art audio and visual elements with a modern atmosphere. Micky’s WeHo is also famous for Friday and Saturday night Afterhours, making it the only gay nightclub in West Hollywood that’s able to stay open after 2am. Featuring a variety of themed nights and music genres, Micky’s is the destination place for the ultimate nightlife experience in West Hollywood.
The listing states that “8855 Santa Monica Boulevard is ideally positioned at the epicenter of nightlife in West Hollywood. Just four parcels east of the signalized intersection of N San Vicente Boulevard and Santa Monica Boulevard, the property enjoys excellent synergistic foot traffic, with a walk score of 95 (Walker’s Paradise), from numerous neighboring bars and nightclubs. With approximately 50 feet of linear frontage, Micky’s has excellent frontage to Santa Monica Blvd’s 61,000 vehicles per day.”
The listing has been made public weeks after The Abbey Food & Bar, and The Chapel at The Abbey announced it had been sold to founder and CEO of MISTR Tristan Schukraft for an undisclosed amount.
For details on the sale, click on the link below: