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ABC Radio Sells Development Site At 12755 Burbank Boulevard In Valley Village For $75M

Property Image
SOLD
$72,600,415
Kevin Shannon
Ken White
+ 3

California

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Development Site836,352 SF
Sold
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Property Image
SOLD

ABC Radio Sells Development Site At 12755 Burbank Boulevard In Valley Village For $75M

12755 Burbank Boulevard

See Similar Deals
Development Site836,352 SF
Sold
Kevin Shannon
Ken White
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$86
Total Square Footage:836,352 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 12755 Burbank Boulevard in the Valley Village market. The transaction was completed for a total price of $75,000,000, with a square footage of 836,352 and a price per square foot of $90.

Summary of transaction details:

This transaction reflects the involvement of key representatives from Newmark, who facilitated the deal on behalf of the seller, ABC Radio. The entire team of Kevin Shannon, Chris Benton, Anthony Muhlstein, Sean O'leary, Gabe Munson, and Ken White played a crucial role in bringing this transaction to completion.

Players

Ken White
96 deals$6.1B volume
BROKER

Anthony Muhlstein
Newmark
25 deals$1.1B volume
BROKER

Kevin Shannon
Newmark
136 deals$9.1B volume
BROKER

Chris Benton
Newmark
20 deals$709.6M volume
BROKER

Gabe Munson
Newmark
11 deals$300.9M volume(310) 407-6562
BROKER

Sean O'leary
Newmark
1 deal$72.6M volume(310) 491-2010
BROKER

Details

SOLD
IMAGE: Kevin Shannon, Chris Benton, Anthony Muhlstein, Sean O'leary, Gabe Munson & Ken White DATE: 6/25/2025 ADDRESS: 12755 Burbank Boulevard MARKET: Valley Village ASSET TYPE: Development Site SELLER: ABC Radio SELLER'S REP: Kevin Shannon, Chris Benton (@BentonCW), Anthony Muhlstein (@AnthonyMuhlstein), Sean O'leary, Gabe Munson (@Gabe_Munson) & Ken White - Newmark (@Newmark) SALE PRICE: $75,000,000 SF: 836,352 ~ PPSF: $90

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,872,022.12

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$257,933.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$344,163.01
Annual Debt Service$4,129,956.07