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Chana Salerno Acquires Burbank Office Property For $2.28M

Property Image
SOLD
$2,280,000
Martin Agnew
Joshua (Josh) Yaris
+ 1

California

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Office3,600 SF
Sold 06/14/2023
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Property Image
SOLD

Chana Salerno Acquires Burbank Office Property For $2.28M

2308 W Victory Blvd Burbank, CA 91506, USA

See Similar Deals
Office3,600 SF
Sold 06/14/2023
Martin Agnew
Joshua (Josh) Yaris
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$633
Total Square Footage:3,600 SF
Transaction Type:Sale

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:

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

Martin Agnew
119 deals$436.8M volume
BROKER

Joshua (Josh) Yaris
Marcus & Millichap
24 deals$57.6M volume(818) 212-2665
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Henry Azinfar
Elite Properties Realty
1 deal$2.3M volume(310) 985-5252
BROKER

Details

SOLD
IMAGE: Joshua Yaris, Ryan Serling & Martin Agnew DATE: 06/14/2023 ADDRESS: 2308-2310 W Victory Blvd MARKET: Burbank ASSET TYPE: Office BUYER: Chana Salerno SELLER: Mohamed Ahsan & Jeff Rudin BUYER'S REP: Henry Azinfar (@HenryWestside) - Elite Property Real Estate SELLER'S REP: Joshua Yaris (@Joshyaris), Ryan Serling (@Ryanrs14) & Martin Agnew (@Martyagnew) - Marcus & Millichap (@MarcusMillichapEncino ) (@AgnewSerlingGroup) SALE PRICE: $2,280,000 SF: 3,600 ~ PPSF: $633

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,100.35
Cash-on-Cash Return-1.27%
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