JUST CLOSED!
2319 W. Magnolia Boulevard
Burbank, CA
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SALE PRICE: $1,350,000
Two Story Office Building​
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Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group are proud to announce the successful closing of 2319 W Magnolia Boulevard, Burbank, CA 91506! This well-located, two-story office building features ±2,111 square feet of space on a ±2,625 SF BUC3YY-zoned lot, positioned along the highly visible thoroughfare of Magnolia Boulevard.
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The Hirth Group represented both the seller and buyer in this transaction, generating over a dozen competitive offers. Prior to our involvement, the property had been listed with another firm but received little to no traction. Leveraging our market dominance, we advised the seller on a refreshed pricing and positioning strategy — reigniting interest and driving momentum.
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The road to closing wasn’t without its challenges. The property entered escrow multiple times and fell out, but our team remained relentless throughout the process. We continued to push forward, re-engaging buyers, maintaining momentum, and ultimately delivering results for our client. Our commitment to performance never wavered.
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We ultimately identified an ideal owner-user buyer, already SBA pre-approved, and negotiated a deal that closed at 98% of list price. Capitalizing on our deep experience in the Burbank submarket and strong negotiation skills, we were able to protect seller value and close near full asking — a major win in today’s commercial real estate climate. Despite volatility in the current financing environment, our team remained hands-on throughout the process — working closely with the buyer, their lender, and the SBA to ensure a seamless and efficient escrow for all parties involved.
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After outgrowing the space, the seller upgraded to a larger nearby facility — opening the door for a rare owner-user opportunity in the heart of Burbank. The buyer moved quickly to capitalize on the moment and will now transform the property into the new headquarters for their growing company.