A modern conference room at 1115 w magnolia, featuring blue chairs, a large counter, and wall art in a bright, open space.

SUCCESS STORY

Sold in 60 Days in Burbank @ 99% of Listed Price

1115 W Magnolia Blvd.

The sellers were thrilled with the outcome, accepting an all-cash offer at 99% of the list price, with escrow closing 60 days after signing the listing agreement.

Offering Price
$2,550,000

City

Burbank

Current CAP

N/A

Price per unit

$N/A

Lot Size

5,000 SF

1115 w magnolia

About the Property

1115 W Magnolia Blvd is a free-standing owner-user office, 1 mile from downtown Burbank, that will serve as an ideal fit for media, entertainment, and podcast uses. Burbank features an industry-leading media district that is home to nationally recognized entertainment companies. Built in 1969, the property features 50' of street frontage on Magnolia Blvd located 1 mile from the 5 Freeway and downtown Burbank. The 4,325 SF office features a lobby, several offices, meeting rooms with 14' ceilings, polished concrete floors, CAT 5 cable throughout the building, and a multitude of skylights throughout the space that allow an abundance of natural light.

Offering Price

$2,550,000

Number of Units

1 Units

Bldg. Size

4,325 SF

Price per Foot

$590

Year Built

1969

Market CAP

N/A

Zoning

BUC3*

Background

1115 W Magnolia Blvd was a prime free-standing office space just one mile from Downtown Burbank, perfectly suited for media, entertainment, and podcast production. Boasting 50 feet of street frontage, 14-foot ceilings, multiple large meeting rooms, CAT 5 wiring, polished concrete floors, and abundant natural light from multiple skylights, the property offered a versatile and turnkey workspace. We initially connected with the seller through a cold call and secured the listing, leveraging the commercial expertise of Anthony Behar at Major Properties.

A modern conference room at 1115 w magnolia, featuring blue chairs, a large counter, and wall art in a bright, open space.
A modern conference room at 1115 w magnolia, featuring blue chairs, a large counter, and wall art in a bright, open space.
A modern conference room at 1115 w magnolia, featuring blue chairs, a large counter, and wall art in a bright, open space.

Result

With a high-quality product and a strategic marketing approach, we drove substantial interest from our network of 18,000 multifamily investors. Our initial “Just Listed” email alone generated over 6,000 opens and 150+ OM views. As interest grew, we identified multiple strong offers, ultimately securing a buyer through an outside agent representing a non-profit organization looking to acquire its own office space. The sellers were thrilled with the outcome, accepting an all-cash offer at 99% of the list price, with escrow closing 60 days after signing the listing agreement.

A brightly lit workspace at 1115 w magnolia, filled with comfortable furniture, artwork, and decorative elements.
A brightly lit workspace at 1115 w magnolia, filled with comfortable furniture, artwork, and decorative elements.
A brightly lit workspace at 1115 w magnolia, filled with comfortable furniture, artwork, and decorative elements.

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.