The Amoeba building has been sold – but there’s a few years on the lease before changes come into effect.

Amoeba Music’s iconic Hollywood record store has been sold.

As reported by LAist yesterday (September 12), and later confirmed in an official statement from the store itself, Amoeba Music voluntarily decided to sell the property to developers, although says it will remain in the building for the duration of its lease – several years.

As Time Out LA explains, the above statement was issued in response to the discovery that an architectural illustration firm, Shimahara, had posted an illustration created for Amoeba’s address on their website, which had been requested by an LA architecture firm. The drawing shows a 20-something story glass tower that overtakes the neighboring CNN building, and comes complete with a rooftop pool.

Time Out LA also reports that the current location – 6400 Sunset Boulevard – was bought in October 2015 for $34 million and is now owned by a holding company affiliated with GPI Companies, a developer behind LA buildings Granada Hills Town Center and the Promenade at Howard Hughes Center.

Since opening on Sunset Boulevard in 2001, Amoeba Music Hollywood, which covers 24,000 square feet and spans an entire block, has become the go-to LA destination for crate-diggers, casual vinyl-buyers and tourists alike. The store has three locations in California and all three are known for stocking some pretty rare vinyl. Last year, Amoeba’s Hollywood store put up the most expensive record in the store’s 25 year history: a test-pressing copy of Bob Dylan‘s 1975 masterpiece Blood On The Tracks, which sold for $12,000.