An apartment building at 14639 Burbank Blvd in Sherman Oaks, known as Premier on Burbank, was recently sold in a transaction in Van Nuys. The property, a 52-unit MultiFamily asset, was acquired by Wilco Holdings from the seller's representative, Vince Norris of NorthMarq, for a total price of $16,600,000.00. This equates to a value of over $319,000 per unit.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $16,600,000.00
• Address: 14639 Burbank Blvd, Van Nuys, CA
• Market: Van Nuys
• Seller's Rep: Vince Norris(NorthMarq)
• Buyer: Wilco Holdings

The sale of the apartment building at 14639 Burbank Blvd marks a significant deal within the real estate market. Wilco Holdings, based in Venice, emerged as the buyer in this transaction, facilitated by the seller's representative Vince Norris of NorthMarq. The acquisition price of $16.6 million showcases the value of the property in the Van Nuys area, demonstrating the continued activity within the MultiFamily asset sector.