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3809 W Burbank Blvd, Burban...

Allan Falk Acquires Burbank Office Building For $2.05M
SOLDOffice

Allan Falk Acquires Burbank Office Building For $2.05M

3809 W Burbank Blvd, Burbank, Ca 91505, Usa

$2,050,000

$82/SF

Building Size

24,750 SF

Asset Type

Office

Closing

Sep 10, 2020

AI

The office property located at 3809 W. Burbank Blvd in Burbank has been sold in a recent transaction. The property spans a total of 2,475 square feet and was sold for $2,050,000, resulting in a price per square foot of $828. The transaction took place on September 11, 2020.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,050,000
  • Address: 3809 W. Burbank Blvd, Burbank
  • Market: Burbank
  • Square Footage: 2,475
  • Price Per Square Foot: $828

The seller of the property was Chris Beaven, while the buyer was Allan Falk. The transaction was facilitated by two brokers, Blake Olson from Avison Young and @Tay Hasselhoff from Compass.

Players

Blake Olson

Avison Young

Broker

$5.9M

vol

3 deals

Broker

Burbank Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93