Updated Dec 20, 2023
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
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93