Adam Khorsandi Acquires Office Building From Michael Rafizadeh In Burbank For $1.35M

The property involved in this transaction is an office asset located at 2319 West Magnolia Boulevard in Burbank. The sale price was $1,350,000, with a total square footage of 2,111. The price per square foot for this office building stands at $639, representing a transaction that closed successfully.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,350,000
• Date of Sale: 06/06/2025
• Buyer: Adam Khorsandi
• Seller: Michael Rafizadeh
• Brokers: Ethan Donel, Daniel Hirth & Alex Reyhan - The Hirth Group
• Location: 2319 West Magnolia Boulevard, Burbank, CA 91506
• Sale Price: $1,350,000
• Square Footage: 2,111
• Price Per Square Foot: $639
• Transaction Highlights: Closed at 98% of List Price, Over a Dozen Competitive Offers Generated, Prime Magnolia Blvd Location, Move-In Ready Two-Story Office Building, Hands-On Throughout Escrow, Seamless SBA Loan Execution, ±2,111 SF Building on a ±2,625 SF BUC3YY-Zoned Lot, Seller Relocated to Larger Facility, Buyer Establishing New HQ

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group successfully facilitated this transaction, representing both the buyer and the seller. They navigated through the process by generating over a dozen competitive offers and identified an ideal owner-user buyer who was already SBA pre-approved. The transaction closed at 98% of the list price.