Updated Sep 9, 2024
Chana Salerno Acquires Burbank Office Property For $2.28M
2308 W Victory Blvd Burbank, CA 91506, USA
$2,280,000
$633/SF
Building Size
3,600 SF
Asset Type
Office
Closing
Jun 14, 2023
About this deal
AI
The office property located at 2308-2310 W Victory Blvd in Burbank has been sold for a total of $2,280,000. The property spans across 3,600 square feet, resulting in a price per square foot of $633. The transaction took place on 06/14/2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,280,000
- Address: 2308-2310 W Victory Blvd, Burbank
- Market: Burbank
- Buyer: Chana Salerno
- Seller: Mohamed Ahsan & Jeff Rudin
- Buyer's Representative: Henry Azinfar - Elite Property Real Estate
- Seller's Representatives: Joshua Yaris, Ryan Serling & Martin Agnew - Marcus & Millichap
Chana Salerno has acquired the office property at 2308-2310 W Victory Blvd. The sale was facilitated by Henry Azinfar from Elite Property Real Estate, representing Chana Salerno. On the seller's side, the property was represented by Joshua Yaris, Ryan Serling, and Martin Agnew from Marcus & Millichap, acting on behalf of Mohamed Ahsan and Jeff Rudin.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93