Updated Oct 29, 2024
Haaga & Pitt Property LLC Acquires Office In Burbank For $2.7M
120 West Cypress Avenue, Burbank, CA, USA
$2,700,000
$329/SF
Building Size
8,188 SF
Asset Type
Office
Closing
Jan 11, 2021
About this deal
AI
The office property located at 120 W Cypress Ave in Burbank has been sold in a transaction worth $2,700,000. Spanning across 8,188 square feet, the property was purchased by Haaga & Pitt Property LLC from Gave Properties LLC. The sale price translates to approximately $329 per square foot.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $2,700,000
- Address: 120 W Cypress Ave, Burbank
- Market: Burbank
- Buyer: Haaga & Pitt Property LLC
- Seller: Gave Properties LLC
- Buyer's Representative: Darren Casamassima
- Seller's Representatives: Chase Cohen, Ryan Serling, and Martin Agnew of Agnew Serling Group
- Square Footage: 8,188
- Price per Square Foot: $329
The buyer, Haaga & Pitt Property LLC, was represented by Darren Casamassima, while the seller, Gave Properties LLC, was represented by Chase Cohen, Ryan Serling, and Martin Agnew of Agnew Serling Group.
On the Map
$2,700,000
$329/SF
Office
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Players
Burbank Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93