**All for Health, Health for All Acquires Burbank Office Property for $15.75 Million**
CBRE has announced the sale of a 77,988-square-foot office property located at 601-607 Glenoaks Boulevard in Burbank, California. The asset was acquired by All for Health, Health for All, Inc. for $15.75 million.
The sale was facilitated by the CBRE team of Kyle Barratt, Mark Perry, Edward Matevosian, and Michell Tutor, working in partnership with Scott Romick and his team at Lee & Associates. LA Premier Group represented the buyer, All for Health, Health for All, Inc. The seller, 601 Glenoaks, LLC, is a private ownership entity.
The property consists of two buildings—a four-story structure comprising 68,531 square feet and a single-story building totaling 9,457 square feet. In addition to the office space, the site features a multi-level, semi-subterranean parking structure that accommodates 250 vehicles.
“The property generated strong interest from multiple owner-users,” said Barratt. “Opportunities to acquire office assets in fundamentally strong markets like Burbank are increasingly rare. User demand continues to be a driving force behind sales activity throughout the Tri-Cities and greater San Fernando Valley, and this transaction reflects that momentum.”
At the time of sale, the property was 62% leased.
