Updated Sep 11, 2024
Priscilla R. Martinez Gonzalez Acquires Burbank Office Building For $1.875M
833 North Hollywood Way, Burbank, CA 91505
$1,875,000
$394/SF
Building Size
4,750 SF
Asset Type
Office
Closing
Oct 25, 2021
About this deal
AI
833 N. Hollywood Way in Burbank has been sold in a recent transaction. The property, which is classified as an office, was purchased for a total of $1,875,000. With a square footage of 4,750, the price per square foot comes to $394. The sale took place on October 25, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,875,000
- Address: 833 N. Hollywood Way, Burbank
- Market: Burbank
Priscilla R. Martinez Gonzalez acquired the property from Sorin Matara. Representing the buyer in this transaction was Cesar Gonzalez from KW Commercial, while the team of Josh Yaris, Ryan Serling, and Martin Agnew from Marcus & Millichap acted as the seller's representatives.
On the Map
$1,875,000
$394/SF
Office
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Players
Burbank Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93