Updated Oct 28, 2024
Worthe Real Estate Group & Stockbridge Acquire Mixed-Use Property In Burbank For $500M
411 North Hollywood Way, Burbank, CA 91505
$500,000,000
$401/SF
Building Size
1,246,000 SF
Asset Type
Mixed-use
Closing
Oct 19, 2021
About this deal
AI
Located at 411 N. Hollywood Way in Burbank, this mixed-use property spans over 32 acres. The property was recently sold in a closed transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $500,000,000
- Square Footage: 1,246,000
- Price Per Square Foot: $401
- Date: 10/19/2021
- Market: Burbank
Worthe Real Estate Group and Stockbridge jointly purchased the property from Warner Bros., with Ann Sarnoff representing the seller. The transaction marked a significant deal in the Burbank market.
The mixed use sale at 411 North Hollywood Way, Burbank, CA 91505 in Burbank, California sold for $500M in 2021. The building is 1,246,000 square feet, implying about 401 per square foot on the published price. This page is the Burbank, California file for the 411 North Hollywood Way, Burbank, CA 91505 mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Burbank sit in the Market section below. Filter that Burbank mixed use set by closing date to see what else sold near 411 North Hollywood Way, Burbank, CA 91505 around 2021. Published consideration for 411 North Hollywood Way, Burbank, CA 91505 is $500M, dated 2021. Cite this Worthe Real Estate Group & Stockbridge Acquire Mixed-Use Property In Burbank For $500M sale when underwriting similar mixed use product around Burbank, California.
Players
Burbank Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93