1016 W Magnolia Blvd - Loft/Creative Space FOR SALE


Burbank, CA 91506
$4,000,000 USD
310-562-9630
1016 W Magnolia Blvd, Burbank, CA for Sale
$4,000,000 USD
Loft/Creative Space - FOR SALE
1/23
null | Request Cap Rate

1016 W Magnolia Blvd
Burbank, CA 91506


HIGHLIGHTS

  • Current Owner-Users have Outgrown this Location - Property to be Delivered Vacant or with Short Term Lease Back
  • Fantastic Creative Office With Many Potential Uses: Office, Warehouse, Flex, etc.
  • Prime Burbank on Main Thoroughfare Close to Shopping, Entertainment, Airport, Transportation, Studios, and Downtown Los Angeles
  • Corner Property with Easy Alley Access & Parking
  • Central HVAC in Both Buildings
  • 2 Ground Level Roll Up Doors in Main Building.

OVERVIEW

The Coronado Real Estate Group at Compass Commercial is pleased to present for sale a very unique opportunity to purchase 3 contiguous parcels being sold together. Zoned BUC3, the property consists of two structures and one open parking lot. The property is on the corner of Magnolia Blvd and Lomita St, between Victory and Buena Vista Street. The larger structure is appx 7,000 SF and is currently used as creative office. The corner building is just over 1,500 SF and while zoned as a warehouse, it is also used as creative office. There are 13 parking spaces and the property was completely remodeled in 2011. An owner-user could easily occupy the larger structure and lease out the smaller building, while still qualifying for an owner-user SBA Loan with as little as 10% down payment. There is also flexibility in terms of how the structures are configured, with room to customize the set up to suit many needs. A must see, especially when it’s cheaper to own than rent!

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office/Warehouse Flex Space in Prime Burbank

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, Freestanding, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

BUC3*

APN/PARCEL ID

2446-002-029,2446-002-030,2446-002-031

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.