Marsh Alllo Sells Multifamily Asset In Burbank For $1,315,000 With Greg Alexanian As Seller's Rep

The multifamily asset located at 640 Whitnall Highway in the Burbank market has been sold for $1,315,000. The property comprises 6 units, with a price per unit of $219,166. It spans 3,482 square feet, which equates to a price per square foot of $377.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,315,000
• Units: 6
• Price Per Unit: $219,166
• Square Footage: 3,482
• Price Per Square Foot: $377
• Seller: Marsh Alllo
• Seller's Representative: Greg Alexanian - Alexanian Apartment Advisors

The transaction was exclusively listed and negotiated by the Alexanians as an off-market all-cash deal. The seller is noted to have achieved the lowest cap rate in Burbank in over 1,000 days according to crmls data.