Spectrum CRE Represented the Buyer in the Sale of a Leased Investment in Burbank
Burbank, CA – September 9, 2019 – Yair Haimoff, SIOR, commercial real estate advisor and founder of Spectrum Commercial Real Estate, Inc., is pleased to have represented the Buyer in the sale of leased investment in Burbank.
The property, an approximately 11,711 SF commercial building is located at 1110 S. Victory Boulevard in Burbank, California, is situated minutes from the 5 and 134 freeways. The property recently underwent major renovations. The building is leased to CityLights Baptist Church through 2034 and features offices, a sanctuary, a music studio, and cafeteria.
The Seller was under a time crunch and needed to sell the property quickly. Spectrum CRE was able to find a buyer that offered a very appealing short contingency, all cash offer with a quick close. The property sold for $2.5 million.
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About Spectrum Commercial Real Estate, Inc.
Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge and a fresh pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com