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

Property Image
SOLD
$15,000,000
Tanel Harunzade
Darrell Levonian

California

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Industrial47,100 SF
Sold 02/25/2026
the dealplayerscompscontact
Property Image
SOLD

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

2231 North Hollywood Way

See Similar Deals
Industrial47,100 SF
Sold 02/25/2026
Tanel Harunzade
Darrell Levonian
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$318
Total Square Footage:47,100 SF
Transaction Type:Sale

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.

Players

Darrell Levonian
Kidder Mathews
Darrell Levonian
9 deals$143.3M volume
BROKER
Tanel Harunzade
Kidder Mathews
Tanel Harunzade
8 deals$122.8M volume
BROKER

Details

SOLD
IMAGE: Tanel Harunzade & Darrell Levonian DATE: 02/25/2026 ADDRESS: 2231-2249 North Hollywood Way MARKET: Burbank ASSET TYPE: Industrial ~ ACRES: 1.64 BROKERS: Tanel Harunzade & Darrell Levonian - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $15,000,000 SF: 47,100 ~ PPSF: $318 NOTE: A private investor paid $15 million, or $318 per square foot, for a 47,100-square-foot fully leased industrial building at 2231-2249 North Hollywood Way in Burbank, California, situated on a 1.64-acre corner lot near Hollywood Burbank Airport and major freeways.Tanel Harunzade and Darrell Levonian of Kidder Mathews represented the family-owned seller in the sale of the four-tenant property adjacent to the planned Burbank Aero Crossings redevelopment.

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Debt Service Coverage Ratio (DSCR)

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