Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 10, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Burbank Office Asset Goes for $400/sf

11/30/17

A 9.4k sf office building in Burbank has traded for $3.75 mil, nearly $400/sf. The building, at 1918 W. Magnolia Blvd, was purchased by Burbank City Federal Credit Union, which is expanding from an adjacent location.

The two-story property was constructed as a multi-tenant building, and was fully leased at the time of the sale to six tenants on short-term leases. It is located west of I-5 and north of the 134 Fwy.

Scott Romick and Stephen Geiger of Lee & Associates-LA North/Ventura represented the seller, PHSF Realty LLC. The buyer was repped by Kyle Barratt and Gerard Poutier of CBRE.

“The configuration, along with the strength of the rental market in Burbank, attracted a number of investors as well as owner-users,” noted Geiger. The median sale price for office buildings in the San Fernando Valley as of the third quarter was $271 per square foot, up from $211 per square foot in the year-ago period.




Return to the previous page
 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media