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833 North Hollywood Way, Bu...

Priscilla R. Martinez Gonzalez Acquires Burbank Office Building For $1.875M
SOLDOffice

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

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.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

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