Eric Ziegler Purchases Office At 503 South Victory Boulevard Burbank From Debby Thomason For $1.8M

The property asset involved in this transaction is located at 503 South Victory Boulevard, Burbank, CA. It was sold for $1,800,000, covering a total of 4,133 square feet, which equates to a price per square foot of $435.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,800,000
• Buyer: Eric Ziegler
• Seller: Debby Thomason
• Brokers: Ethan Donel, Alex Reyhan & Daniel Hirth - The Hirth Group
• Closed at 97% of Original List Price
• Due Diligence: 5 Days
• Environmental Contingency: 15 Days
• Closing Timeline: 17 Days
• Seller Carryback: Yes, with Substantial Down Payment
• Leaseback: One-Month Free Occupancy Post-Closing

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group represented both the buyer and seller in this transaction, providing dual representation. They coordinated inspections and environmental diligence while managing the escrow process from contract to close, assisting a first-time commercial buyer with all necessary steps in the deal.