Updated Dec 18, 2023
AIGCRE Acquires Burbank Office Building For $2M
1906 West Burbank Boulevard, Burbank, CA 91506
$2,000,000
$500/SF
Building Size
4,000 SF
Asset Type
Office
Closing
May 27, 2020
About this deal
AI
An office property located at 1906 W. Burbank Blvd. in Burbank has been sold for $2,000,000. The property spans 4,000 square feet, resulting in a price per square foot of $500.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,000,000
- Address: 1906 W. Burbank Blvd.
- Market: Burbank
- Square Footage: 4,000
- Price per Square Foot: $500
- Brokers: Gabriyel Mamikonyan & Harry Keshishian @AIGCRE
Gabriyel Mamikonyan and Harry Keshishian from AIGCRE represented the parties involved in the sale of this office property.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93