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.
Price
$
2,550,000
City
Burbank
Current Cap Rate
N/A
%
Price P/ 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.
Price
$
2,550,000
City
Burbank
Current Cap Rate
N/A
%
Price P/ Unit
$
N/A
Lot Size
5,000
SF
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.
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.
