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
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.
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