Burbank Retail Property Sells For $1.55M By Buyer Zaven Arakelian - Compass Commercial
2223 West Burbank Boulevard, Burbank, CA 91506, USA
$1,550,000
$610/SF
Building Size
2,541 SF
Asset Type
Retail
Closing
Apr 22, 2019
AI
The retail property located at 2223 Burbank Blvd in Burbank has been sold for $1,550,000. The transaction took place on April 23, 2019. The property is 2,541 square feet in size, resulting in a price per square foot of $609.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Square Feet: 2,541
- Price per Square Foot: $609
- Address: 2223 Burbank Blvd, Burbank
The seller of the property was Ron Baldi, while the buyer was Zaven Arakelian. Elizabeth Clark and Sayeh Foroutan of Compass Commercial represented both parties as brokers in this transaction.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93