BEST RETAIL SALE DEAL OF THE YEAR
4301 W. Riverside Dr., Burbank
Deal Value: $9M
Alex Kozakov and Patrick Wade of CBRE successfully facilitated the sale of a prime two-tenant NNN asset in Toluca Lake. The team faced the unique challenge of finding a buyer capable of meeting the sale’s stringent requirements, including a 50% down payment and the assumption of a five year loan. Leveraging its extensive network, the CBRE team identified and secured a qualified private investor who accepted the terms and recognized the long-term value of this unique asset in a dense, infill market.
This notable transaction speaks to the desire for investors to continue to invest in commercial real estate in the local community, especially in quality retail assets.