SOLD
The Hesook Kim Trust Acquires Burbank Multifamily Property For $6M
2001 Grismer Avenue
MultiFamily
113,340 SF
113,340 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
113,340 sqft
The multifamily property located at 2001 Grismer Avenue in Burbank has been sold in a closed transaction. The property spans approximately 11,334 square feet and consists of 14 units. The transaction price for this property was $6,000,000, resulting in a price per square foot of $529.38. The buyer in this transaction was The Hesook Kim Trust, while the seller was The Magyar Revocable Living Trust and The Florman 1993 Revocable Trust.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Square Footage: 11,334
- Price per Square Foot: $529.38
- Number of Units: 14
J. Patrick Sheekey, T.C. Macker, and Jennifer Moscoso were the brokers involved in this transaction. They represented their respective parties throughout the deal.
Players
Details
SOLD
IMAGE: T.C. Macker, J. Patrick Sheekey & Jennifer Moscoso
DATE: 05/29/2020
ADDRESS: 2001 Grismer Avenue
MARKET: Burbank
ASSET TYPE: Multifamily
PRICE: $6,000,000
SF: 11,334
PPSF: $529.38.38
UNITS: 14
PPU: $428,571
CAP: 3.88%
GRM: 18.27
BUYER: The Hesook Kim Trust
SELLER: The Magyar Revocable Living Trust & The Florman 1993 Revocable Trust
BROKERS: J. Patrick Sheekey, […]View on map
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Address2001 Grismer Avenue
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