An office property located at 601-607 Glenoaks Boulevard in Burbank has been sold for $15,750,000. The property encompasses a total area of 78,000 square feet. The sale occurred amidst a noted increase in owner-user demand for office properties in the Greater LA market.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $15,750,000
• Address: 601-607 Glenoaks Boulevard
• Market: Burbank
• Square Footage: 78,000
• Price Per Square Foot: $202
• Buyer: Adrineh Ebrahimian - All for Health, Health for All
• Seller: 601 Glenoaks LLC
• Buyer's Representative: LA Premier Group
• Seller's Representatives: Kyle Barratt, Mark Perry, Edward Matevosian, Michell Tutor - CBRE; Scott Romick - Lee & Associates

The transaction was brokered by a collaborative effort from CBRE and Lee & Associates, with CBRE's team consisting of Kyle Barratt, Mark Perry, Edward Matevosian, and Michell Tutor, partnering with Scott Romick from Lee & Associates. LA Premier Group's representatives for the buyer included Tigran Nalbandyan, David Nalbandyan, and Armine Nalbandyan. This acquisition enables All for Health, Health for All Inc. to utilize 38% of the vacant space while also taking advantage of existing leases.