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521 South Victory Boulevard...

Updated Dec 21, 2023

Will Tiao & Aaron Belliston Acquire Office Building In Burbank For $1.325M
SOLDOffice

Will Tiao & Aaron Belliston Acquire Office Building In Burbank For $1.325M

521 South Victory Boulevard, Burbank, CA, USA

$1,325,000

$398/SF

Building Size

3,326 SF

Asset Type

Office

Closing

Jul 13, 2020

About this deal

AI

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.

Players

Ethan Donel

The Hirth Group

Broker

$64.8M

vol

28 deals

Broker

Burbank Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $398 per square foot on a published $1.3M for 3,326 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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