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
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