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616 South Victory Boulevard...

Updated Dec 20, 2023

Mark Cianciulli Acquires Retail Property In Burbank For $3.65M
SOLDRetail

Mark Cianciulli Acquires Retail Property In Burbank For $3.65M

616 South Victory Boulevard, Burbank, California 91502, United States

$3,650,000

$455/SF

Building Size

8,020 SF

Asset Type

Retail

Closing

Feb 21, 2022

About this deal

AI

616 S. Victory Blvd. in Burbank has been sold for $3,650,000. This retail property, spanning across 8,020 square feet, was purchased by Mark Cianciulli from sellers David Rosenthal and Yonina Rosenthal. The sale was facilitated by the Brandon Michaels Group, with brokers Brandon Michaels and Matthew Luchs representing both the buyer and the sellers.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,650,000
  • Address: 616 S. Victory Blvd.
  • Market: Burbank
  • Buyer: Mark Cianciulli
  • Seller: David Rosenthal & Yonina Rosenthal
  • Brokers: Brandon Michaels & Matthew Luchs - The Brandon Michaels Group
  • Square footage: 8,020
  • Price per square foot: $455

The purchase of 616 S. Victory Blvd. in Burbank was finalized on 02/22/2022. The transaction involved various parties, including the buyer Mark Cianciulli and the sellers David Rosenthal and Yonina Rosenthal. The deal was successfully coordinated by the Brandon Michaels Group, with Brandon Michaels and Matthew Luchs serving as the brokers. This transaction highlights the strong retail market in Burbank and demonstrates the significant interest in properties in this area.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

David A Rosenthal

Seller

$7.4M

vol

2 deals

Seller

Burbank Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $455 per square foot on a published $3.7M for 8,020 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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