SBH Real Estate Group Acquires Vacant Retail Property in Burbank for $5.2M
BURBANK, CALIF. — SBH Real Estate Group has purchased a retail property located at 810-822 S. San Fernando Blvd. in Burbank. Pacific Group sold the property for $5.2 million in an all-cash transaction.
Situated on a 29,050-square-foot site, the property includes a 21,447-square-foot building, which was constructed in 1939 and updated in 1985. A market previously occupied the property, but it was vacant at the time of sale.
Since the acquisition, SBH has leased the site to Harbor Freight Tools and has started renovating the property, including a new roof and converting the building to a more functional structure measuring approximately 14,500 square feet.
Tony Maniscalchi and Mike Maniscalchi of Stevenson Real Estate Services represented the buyer and seller in the transaction.