Marat Manucharyan Secures $12.5 Million Loan For Retail Acquisition At 1011 West Alameda Avenue

The asset involved in this transaction is a retail property located at 1011 West Alameda Avenue in Burbank, California, encompassing approximately 83,635 square feet. The loan for this property amounts to $12,500,000 and is categorized as an acquisition loan. This one-story building with a mezzanine sits on nearly 2 acres in a prominent entertainment corridor of Los Angeles, featuring around 30,000 square feet of creative office space with notable architectural elements such as 19-foot ceilings and exposed red brick.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Address: 1011 West Alameda Avenue
• Market: Burbank
• Asset Size: 83,635 SF
• Lender: Marat Manucharyan
• Lender's Representative: Sarkis Daldumyan - Oakridge Capital Advisors
• Note from Lender's Rep: Another one closed on Studio Row.

Marat Manucharyan serves as the lender in this transaction, with Sarkis Daldumyan representing him through Oakridge Capital Advisors. The location boasts considerable advantages, including existing income-generating NNN retail tenants and proximity to major freeways in the Valley, making it an appealing investment opportunity.