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Long Term Ground Lease Sells In Burbank

1000 S. Flower Street

Ron Feder is pleased to announce the closing of a long term ground lease in Burbank, leased to CarMax. The long term ground lease is 4.58 acres with a 64,769 sf retail car sales/service center. With 10 years remaining on the lease, the buyer secured a long term credit income stream. Sales price was $19.2 million.