Will Tiao & Aaron Belliston Acquire Office Building In Burbank For $1.325M
SOLD
$1,325,000
California
See Similar DealsOffice3,326 SF
Sold 07/13/2020
SOLD
Will Tiao & Aaron Belliston Acquire Office Building In Burbank For $1.325M
521 South Victory Boulevard, Burbank, CA, USA
See Similar DealsOffice3,326 SF
Sold 07/13/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$398
Total Square Footage:3,326 SF
Transaction Type:Sale
Located at 521 S. Victory Boulevard in Burbank, this office property was recently sold for a transaction amount of $1,325,000. The property spans a total of 3,326 square feet, resulting in a price per square foot of $402. The sale took place on July 13, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,325,000
- Square Feet: 3,326
- Price per Square Foot: $402
- Address: 521 S. Victory Boulevard, Burbank
- Market: Burbank
The buyers of this property are Will Tiao and Aaron Belliston. The seller is Charlie Perry. The deal was facilitated by the brokers Ethan Donel, Alex Reyhan, and Daniel Hirth.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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