Montana Avenue Capital Acquires Office & Industrial Property In Burbank For $37M

The Office & Industrial property located at 2777 North Ontario Street in Burbank has been sold for a price of $37,000,000. The property spans across 127,140 square feet, resulting in a price per square foot of $291. The transaction took place on January 3, 2023.

Summary of transaction details

• Property Type: Office & Industrial
• Transaction Amount: $37,000,000
• Address: 2777 North Ontario Street, Burbank
• Market: Burbank

Montana Avenue Capital acquired the property from Washington Capital Management and SSV Properties. The deal was facilitated by Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Kolcum of Newmark as the brokers representing both the buyer and the seller. David Milestone and Brett Green, also from Newmark, served as mortgage brokers.