Thursday, October 8, 2015

Charles Dunn Co. Completes Sale of a Small Office Building to Owner/User in Burbank, CA

Roger L. Beck
LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1.84 million sale of a vacant, three-story, 7,100-square-foot office building located in Burbank, Calif.

Roger L. Beck, SIOR of Charles Dunn Company, represented the seller, Los Angeles-based MarketHealth. The buyer, NHC Group, Inc., was represented by Marcus & Millichap.

NHC Group, which markets beauty and health products, is relocating from a space it was leasing in Burbank. NHC’s owner, Neyda Ricardo, will also use the space to broadcast her radio show.

Located at 2049 N. Lincoln St., the property is situated a few blocks from the Burbank Airport and offers excellent access to the 5 Freeway and Downtown Burbank. 

The seller, also a health products company, built the property in 2008 and recently relocated to a newly acquired building in Studio City. Roger Beck also represented MarketHealth in this acquisition.

“We marketed this property as a well-located, quality asset and focused on owner/users in the Los Angeles, area,” said Beck. “We secured multiple offers and sold the building within just two weeks. Newer, upgraded small buildings such as this one are in demand as users seek to avoid rising lease rates.”

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto


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