Ratner Property Management Acquires Industrial Property In Burbank For $2.8M

An industrial property located at 3014 Floyd Street in Burbank has been sold. The property, measuring 8,050 square feet, was sold for a price of $2,795,000, resulting in a price per square foot of $347. The sale represents a capitalization rate of 6.21%.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $2,795,000
• Square Footage: 8,050
• Price per Square Foot: $347
• Cap Rate: 6.21%
• Market: Burbank

Ratner Property Management purchased the property from Casey Kranz. The buyer was represented by David Harding, Matt Dierckman, Greg Geraci, and Billy Walk. Bentley McKean, James DeBuiser, and Gary Cohen acted as the seller's representatives in the transaction.