Ollie Macroe Acquires Retail Property In Burbank For $1.85M With Seller's Rep Matthew Luchs

The retail asset located at 2400 West Olive Avenue in Burbank was sold for a transaction amount of $1,850,000. The property encompasses a total square footage of 2,848, with the sale price per square foot calculated at $649.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,850,000
• Sale Price per Square Foot: $649
• Square Footage: 2,848
• Buyer: Ollie Macroe
• Seller: Mel Nasser
• Seller's Representative: Matthew Luchs - Zacuto Group; Elliot Hassan & Mike Hanassab - NorthMarq
• Marketing Campaign: Generated 32,157 Buyer views within 2 Days
• Offers: Received Multiple Offers within Two Days
• Due Diligence Period: 7 Days
• Closing Period: 21 Days
• Financing Contingency: No
• Note: Sold $50,000 above List Price and to an Owner-User Buyer for his Law Office, overcoming Multiple Escrow Hurdles to Insulate Seller’s Equity

The transaction involved key individuals such as buyer Ollie Macroe and seller Mel Nasser, along with their respective representatives. Matthew Luchs from Zacuto Group, along with Elliot Hassan and Mike Hanassab from NorthMarq, facilitated the deal. Their marketing efforts played a significant role in attracting buyers, highlighting the effectiveness of their campaign.