SOLD
Clint Salee Acquires Burbank Industrial Portfolio Sale For $1.8M
418-424 North Varney
Industrial
8,350 SF
8,350 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Industrial
8,350 sqft
An industrial portfolio sale in Burbank was recently completed at 418-424 N. Varney. The property consists of four units with a total square footage of 8,350. The sale price for the portfolio was $1,800,000, resulting in a price per unit of $450,000 and a price per square foot of $215. The transaction took place on July 30, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Address: 418-424 N. Varney, Burbank
- Units: 4
- Price per Unit: $450,000
- Square Footage: 8,350
- Price per Square Foot: $215
The buyer, Clint Salee, acquired the industrial portfolio from the seller, Larry Wessel. The brokers involved in this transaction were Bentley McKean, James DeBuiser, and Gary Cohen. Throughout the 18-month transaction, the brokers helped navigate environmental issues that impacted the purchase price.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: James DeBuiser, Gary Cohen & Bentley McKean
DATE: 07/30/2021
ADDRESS: 418-424 N. Varney
MARKET: Burbank
ASSET TYPE: Industrial Portfolio Sale
BUYER: Clint Salee
SELLER: Larry Wessel
BROKERS: Bentley McKean (@BentleyMcKean), James DeBuiser (@MarcusMillichapVentura) & Gary Cohen (@GarySea22)
SALE PRICE: $1,800,000
UNITS: 4 ~ PPU: $450,000
SF: 8,350 ~ PPSF: $215
ZONING: M2
NOTES: Broker helped navigate the 18 month transaction through environmental issues that were reflected in the purchase price.View on map
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Address418-424 North Varney
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