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GPI Cos Acquires Property In Burbank For $23.9 Million With Seller's Rep Christopher Bodnar

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SOLD
$23,900,000

California

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Medical Office50,986 SF
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SOLD

GPI Cos Acquires Property In Burbank For $23.9 Million With Seller's Rep Christopher Bodnar

2701 W Alameda Ave, Burbank, CA, 9...

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Medical Office50,986 SF
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$468
Total Square Footage:50,986 SF
Transaction Type:Sale

The property involved in this transaction is a medical office building located at 2701 W. Alameda Ave, Burbank, CA, with a price of $23.9 million, or $468 per square foot. The building encompasses 50,986 square feet and was 90.4 percent leased to 22 medical tenants, primarily occupied by doctors associated with Providence Saint Joseph Medical Center.

Summary of transaction details:

  • Property Type: Medical Office Building
  • Transaction Amount: $23,900,000.00
  • Address: 2701 W Alameda Ave, Burbank, CA
  • Market: Burbank
  • Seller's Representative: Christopher (Chris) Bodnar - CBRE
  • Buyer: GPI Cos
  • Broker: Mark Shaffer - CBRE
  • Square Footage: 50,986

The transaction features Chris Bodnar representing the seller, while Mark Shaffer acted as the broker for this deal. Additional team members from CBRE included Anthony DeLorenzo, Lee Asher, Gerard Poutier, and Cody Chiarella, who were involved in representing the seller throughout the transaction.

Players

Christopher (Chris) Bodnar
24 deals$2.6B volume(720) 635-2653
BROKER

Mark Shaffer
CBRE
40 deals$749.5M volume
BROKER

Details

SOLD
IMAGE: 2701 W Alameda Ave, Burbank, CA, 9... MARKET: Burbank SELLER'S REP: Christopher (Chris) Bodnar -CBRE BROKERS: Mark Shaffer -CBRE BUYER: GPI Cos PRICE: $23,900,000.00 SF: 50986

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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