Private Investor Acquires Fully Leased Industrial Building In Burbank For $15 Million

A private investor acquired a fully leased industrial building located at 2231-2249 North Hollywood Way in Burbank, California for $15 million. The property spans 47,100 square feet and is situated on a 1.64-acre corner lot near Hollywood Burbank Airport and major freeways.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Square Footage: 47,100
• Price Per Square Foot: $318
• Address: 2231-2249 North Hollywood Way
• Market: Burbank
• Broker Representation: Tanel Harunzade & Darrell Levonian - Kidder Mathews

Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the family-owned seller in the sale of this four-tenant property, which is adjacent to the planned Burbank Aero Crossings redevelopment.