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Matevosian Investment Group Procures Burbank Industrial Warehouse Deal For $1.45M

2908 North Naomi Street
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This Industrial property located in CA was sold for $1,450,000 almost 4 years ago. The broker of the deal was Alex Matevosian

A warehouse located at 2908 N. Naomi St. in Burbank has recently been sold for a price of $1,450,000. The industrial property spans across 4,400 square feet, resulting in a price per square foot of $329. This deal was facilitated by KW Commercial, who acted as the broker in the transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,450,000
  • Date: 06/25/2021
  • Address: 2908 N. Naomi St.
  • Market: Burbank

Matevosian Investment Group was able to secure this warehouse deal at $329 per square foot in Burbank, at a time when similar properties are trading for $400-$500 per square foot. Their ability to source deals, leverage connections, and utilize resources has proven instrumental in securing exceptional deals for their clients. Matevosian Investment Group takes a proactive approach to finding deals, rather than waiting for opportunities to come their way.

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Deals
  • Location
    2908 North Naomi Street, Burbank, CA 915042908 North Naomi Street, Burbank, CA 91504
  • Sale Price
    $1,450,000$1,450,000
    $329 PPSF$329 PPSF
  • Area
    4,400 SF4,400 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Alex Matevosian

Alex Matevosian

Deals8
Sold$12.6M

Agency

MIG Commercial Real Estate Services

MIG Commercial Real Estate Services

Agency
Deals9
Volume$14.7M

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Deal Summary

SALE IMAGE: Alex Matevosian DATE: 06/25/2021 ADDRESS: 2908 N. Naomi St. MARKET: Burbank ASSET TYPE: Industrial BROKER: KW Commercial SALE PRICE: $1,450,000 SF: 4,400 ~ PPSF: $329 NOTES: We were able to procure a warehouse deal at $329 per foot in Burbank, at a time where similar properties are trading for $400-$500 per foot. At Matevosian Investment Group its about how we deal source, how we use leverage/connections, and how we utilize our resources in securing exceptional deals for our clients. We don't wait for the phones to ring, our team makes it happen.

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2908 North Naomi Street

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