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1801 West Verdugo Avenue

Anna Ghazanchyan Acquires Retail Property In Burbank For $2.97M With Nairy Stepanyan's Representation
SOLDRetail

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

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 deals

Broker
Sarkis Daldumyan

Sarkis Daldumyan

Oakridge Capital Advisors

Lender

$32.7M

vol

7 deals

Lender

Burbank Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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