Updated Dec 19, 2023
Harry Keshishian & Gabriyel Mamikonyan Acquire Office Building In Burbank For $2.025M
2315 West Burbank Boulevard, Burbank, CA 91506, USA
$2,025,000
$499/SF
Building Size
4,054 SF
Asset Type
Office
Closing
May 13, 2020
About this deal
AI
Harry Keshishian & Gabriyel Mamikonyan of AIGCRE represented the parties involved in the sale of an office property located at 2315 W. Burbank Blvd. in Burbank. The transaction took place on May 13, 2021, and the property was sold for $2,025,000. The office space spans 4,054 square feet, resulting in a price per square foot of $499.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,025,000
- Address: 2315 W. Burbank Blvd.
- Market: Burbank
- BROKERS: Harry Keshishian & Gabriyel Mamikonyan @AIGCRE
- SF: 4,054
- PPSF: $499
Harry Keshishian and Gabriyel Mamikonyan from AIGCRE served as representatives in the transaction, facilitating the deal between the parties involved.
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
7.83%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93