Updated Dec 19, 2023
Edgar Khizarchyan Acquires Office Building In Burbank For $1.15M
2020 North Glenoaks Boulevard, Burbank, CA 91504, USA
$1,150,000
$569/SF
Building Size
2,021 SF
Asset Type
Office
Closing
Jun 10, 2020
About this deal
AI
The office property located at 2020 N. Glenoaks Blvd. in Burbank has been sold for $1,150,000. The transaction took place on June 10, 2021, with a total square footage of 2,021. The sale price per square foot (PPSF) was $569. The buyer of the property was Edgar Khizarchyan, while Helen Rubin acted as the seller. The deal was facilitated by brokers Brandon Michaels and Matthew Luchs.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,150,000
- Date: 06/10/2021
- Address: 2020 N. Glenoaks Blvd.
- Market: Burbank
- Buyer: Edgar Khizarchyan
- Seller: Helen Rubin
- Brokers: Brandon Michaels & Matthew Luchs
- Square Footage: 2,021
- Price per Square Foot (PPSF): $569
The successful sale of this office property showcases the collaboration between Edgar Khizarchyan as the buyer and Helen Rubin as the seller. They were assisted in the deal by Brandon Michaels and Matthew Luchs, representing the respective parties. The transaction reflects the demand and market value of office properties in Burbank.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93