Steve Elson And Brad Pennington Acquire Industrial Asset In Burbank For $29 Million

The property asset involved in the transaction is an industrial space located at 100 East Graham Place in Burbank. The sale price for this asset was $29,000,000, covering a total square footage of 104,795, resulting in a price per square foot of $276.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,000,000
• Address: 100 East Graham Place
• Market: Burbank
• Square Footage: 104,795
• Price per Square Foot: $276
• Buyer: Steve Elson & Brad Pennington - Alta West Partners; John Bruno, Adrian Bejarano, Ricardo Goldberg & Milan Bhatt - OlivePoint Capital
• Seller: Asher Luzzatto - The Luzzatto Company

The key individuals involved in this deal include the buyers, representing two distinct groups: Alta West Partners and OlivePoint Capital. Each of these groups played an integral role in the transaction, which reflects a collaboration between multiple buyers and a singular seller, Asher Luzzatto from The Luzzatto Company.