Updated Sep 9, 2024
Karen Gary Khachatryan Acquires Burbank Office For $2M With Brokers Martin Agnew, Ryan Serling, Joshua Yaris, Filip Niculete & Glen Scher - Marcus & Millichap
4318 W Victory Blvd Burbank, CA 91505, USA
$2,000,000
$606/SF
Building Size
3,296 SF
Asset Type
Office
Closing
Jul 27, 2023
About this deal
AI
The property involved in this transaction is an office located at 4318 Victory Boulevard in Burbank. The office has a total square footage of 3,296 and was sold for $2,000,000, resulting in a price per square foot of $607.
Summary of transaction details
- Property Type: Office
- Sale Price: $2,000,000
- Square Footage: 3,296
- Price per Square Foot: $607
- Date: 07/27/2023
- Address: 4318 Victory Boulevard, Burbank
- Buyer: Karen Gary Khachatryan
- Seller: Marc C Marosi
- Brokers: Martin Agnew, Ryan Serling, Joshua (Josh) Yaris, Filip Niculete & Glen Scher - Marcus & Millichap
The deal was facilitated by Martin Agnew, Ryan Serling, Joshua (Josh) Yaris, Filip Niculete, and Glen Scher from Marcus & Millichap. They acted as brokers in the transaction, representing both the buyer, Karen Gary Khachatryan, and the seller, Marc C Marosi.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93