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SALE PRICE: $1,660,000

 

SINGLE TENANT RETAIL BUILDING

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Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group are pleased to announce the successful closing of 3108 W Magnolia Boulevard, Burbank, CA 91505! Our agents represented the seller in this transaction, who aimed to liquidate their holdings in California. This property is a single tenant retail storefront in the highly desirable Magnolia Business Park District of Burbank, featuring approximately ±1,925 SF of building on a lot showcasing ±2,672 SF of land.

Notably, prior to The Hirth Group’s involvement, the property was listed with another firm for an entire year at a much lower asking than our closing price. Leveraging the team's extensive resume in the San Fernando Valley and market knowledge, we were able to generate a high level of interest, ultimately leading to a closing above the list price. Through our strategic marketing efforts and the current market uncertainties, we also secured an $82,500 non-refundable pass-through deposit to our seller upon the opening of escrow, ensuring the buyer’s commitment to proceed with the sale.

This transaction marks one of the highest price per square foot sales along Magnolia Boulevard and for retail in the City of Burban

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