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Tamar Kurkjian Acquires Retail Property In Burbank For $1.28M

2300 West Olive Avenue
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This Retail property located in CA was sold for $1,280,000 almost 3 years ago. The brokers of the deal were Daniel Hirth, Alex Reyhan, and Ethan Donel

2300 W Olive Avenue in Burbank has been sold in a retail transaction. The property measures 1,816 square feet and is located at 2300 W Olive Avenue, Burbank.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,280,000
  • Date: 05/18/2021
  • Market: Burbank
  • Buyer: Tamar Kurkjian
  • Seller: Lisa Danchick
  • Brokers: Ethan Donel (@EthanDonel), Alex Reyhan (@Ry__All), and Daniel Hirth (@DHirth5 irthGroup)
  • Asking Price: $1,350,000
  • SF: 1,816
  • PPSF: $704

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group successfully marketed the property after it had been on the market for a year with no offers. Within two weeks of their marketing efforts, they were able to generate multiple offers and secure a cash buyer who closed the deal in just three weeks.

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Deals
  • Location
    2300 West Olive Avenue, Burbank, CA 915062300 West Olive Avenue, Burbank, CA 91506
  • Sale Price
    $1,280,000$1,280,000
    $704 PPSF$704 PPSF
  • Area
    1,816 SF1,816 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Ethan Donel

Ethan Donel

Deals15
Sold$31.6M

Daniel Hirth

Daniel Hirth

Deals51
Sold$179.6M

Alex Reyhan

Alex Reyhan

Deals29
Sold$145.4M

Agency

The Hirth Group

The Hirth Group

Agency
Deals96
Volume$359.4M

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Deal Summary

SALE IMAGE: Ethan Donel, Alex Reyhan & Daniel Hirth DATE: 05/18/2021 ADDRESS: 2300 W Olive Avenue MARKET: Burbank ASSET TYPE: Retail BUYER: Tamar Kurkjian SELLER: Lisa Danchick BROKERS: Ethan Donel @EthanDonel, Alex Reyhan @Ry__All & Daniel Hirth @DHirth5 - @HirthGroup ASKING PRICE: $1,350,000 SALE PRICE: $1,280,000 SF: 1,816 ~ PPSF: $704 NOTE: 2300 W Olive Avenue was previously on the market for an entire year with zero offers before The Hirth Group was selected to take over the listing. Within the first two weeks of marketing Ethan Donel, Alex Reyhan, and Daniel Hirth were able to procure multiple offers and find a cash buyer that closed in only three weeks!

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2300 West Olive Avenue

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