Anna Ghazanchyan Acquires Retail Property In Burbank For $2.97M With Nairy Stepanyan's Representation
1801 West Verdugo Avenue
$2,971,100
$478/SF
Building Size
6,211 SF
Asset Type
Retail
Closing
Apr 24, 2025
AI
The property asset involved in this transaction is a retail space located at 1801-1805 W Verdugo Ave in Burbank. The sale price was $2,971,100, and the total square footage of the asset is 6,211, resulting in a price per square foot of $478.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,971,100
- Address: 1801-1805 W Verdugo Ave
- Market: Burbank
- Buyer: Anna Ghazanchyan
- Seller: Ed White
- Buyer's Representative: Nairy Stepanyan - Coldwell Banker
- Seller's Representatives: Ryan Rothstein-Serling, Joshua Yaris & Martin Agnew - Agnew | Serling Group - Marcus & Millichap
- Loan Originator: Sarkis Daldumyan - Oakridge Capital Advisors
- Square Footage: 6,211
- Price per Square Foot: $478
The transaction was facilitated by multiple parties, with Nairy Stepanyan acting as the representative for the buyer, Anna Ghazanchyan. The seller, Ed White, was represented by a team consisting of Ryan Rothstein-Serling, Joshua Yaris, and Martin Agnew. The loan for this deal was arranged by Sarkis Daldumyan from Oakridge Capital Advisors.
Players
Burbank Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.34%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93