Jack Morrison Purchases Retail Property At 3108 West Magnolia Boulevard Burbank For $1.66M

The property asset involved in this transaction is a retail space located at 3108 West Magnolia Boulevard, Burbank, CA 91505. It has a total square footage of 1,925 and was sold for $1,660,000, which translates to a price per square foot of $862. The property is situated within the Burbank market and was previously listed for an entire year at a lower asking price before The Hirth Group's involvement resulted in a successful sale.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,660,000
• Asking Price: $1,650,000
• Square Footage: 1,925
• Price Per Square Foot: $862
• Seller: Ashley Baker
• Buyer: Jack Morrison
• Seller's Representative: Ethan Donel, Alex Reyhan & Daniel Hirth - The Hirth Group
• Market: Burbank
• Non-Refundable Deposit: $82,500
• Deposited Upon Opening of Escrow: Yes

The key individuals involved in this transaction include the buyer, Jack Morrison, and the seller, Ashley Baker, who enlisted the services of The Hirth Group represented by Ethan Donel, Alex Reyhan, and Daniel Hirth. Notably, The Hirth Group's strategic marketing efforts resulted in a higher closing price and secured a commitment from the buyer through a significant non-refundable deposit that enhanced the seller's position in the transaction.