Dunleer Acquires Industrial Property In Burbank For $5.03M With NAI Capital As Buyer's Rep

Los Angeles-based Dunleer acquired a two-building industrial property located at 3312–3318 Burton Avenue in Burbank. The property spans a total of 17,726 square feet and was sold for $5,030,000. At the time of sale, the property had a vacancy rate of 67%.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,030,000
• Address: 3312-3314 & 3318 Burton Avenue
• Market: Burbank
• Acres: 0.67
• Buyer: BJ Turner - Dunleer
• Buyer's Representative: Chad Gahr & David Young - NAI Capital
• Seller's Representative: Mike Maniscalchi - Systems Real Estate
• Square Footage: 17,726
• Price per Square Foot: $284

Chad Gahr and David Young from NAI Capital represented the buyer, Dunleer, while Mike Maniscalchi of Systems Real Estate represented the seller in this transaction. The deal reflects significant activity within the Burbank industrial market.