Charles Dunn Co. Completes $2.65 Million Off-Market Sale of Office Building to Owner-User in Burbank, CA

Stacy Vierheilig-Fraser

LOS ANGELES, CA  – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2.65 million sale of an 8,633-square-foot office building located at 1100 N. Hollywood Way in Burbank, Calif. in an off-market transaction.

Stacy Vierheilig-Fraser of Charles Dunn Company represented the buyer, Bang Zoom! Entertainment. The seller, KBD Investments, LLC, represented itself.

“Bang Zoom! Entertainment, a post production company, has been a tenant in the building for the past 13 years,” said Vierheilig-Fraser. “I worked with the buyer to negotiate a transaction that benefitted both parties.

“More than ever, with interest rates still low and rents on the rise, Los Angeles-area businesses are seeking owner-user scenarios in order to give them long-term real estate stability. It is a very tight market and many of these deals happen off-market.”

Eric P. Sherman, CEO + President of Bang Zoom! Entertainment, noted that the company will occupy 75 percent of the building for audio, video and animation services for a variety of clients including Disney, WB and Cartoon Network. The remainder of the space is occupied by an audio post production company.

  

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

Darcie Giacchetto

949.278.6224