Allan Falk Acquires Burbank Office Building For $2.05M
SOLD
$2,050,000
New York
See Similar DealsOffice24,750 SF
Sold 09/11/2020
SOLD
Allan Falk Acquires Burbank Office Building For $2.05M
3809 W Burbank Blvd, Burbank, Ca 91505, Usa
See Similar DealsOffice24,750 SF
Sold 09/11/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:24,750 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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