Wednesday, January 28, 2009

Burbank Office Building For Sale $3,750,000


Property Use Type:Investment
Type:Office
Office Building
Building Size:13,289 SF
Building Class:C
Occupancy:100.00%
Price:$3,750,000
Price/SF:$282.19
Year Built:1955
Net Lease Investment:Yes
Years left on Lease:4

Property Description:
PRICED REDUCED!!! Tenant occupied. 10,854 sq. ft. first floor; 2,435 sq. ft. office area 2nd floor.

No Debt & Equity Information Provided


Parking Ratio:2.4 / 1,000 SF

Financial Summary Actual
Year:2008
Scheduled Gross Income:$296,640
Effective Gross Income:$296,640
Operating Expenses:$30,167
Net Operating Income:$266,473

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