This is an exceptional 4,750 square foot freestanding industrial building in a great location offering the opportunity for interim income with substantial upside potential when the current tenant’s lease expires July 31, 2028. The property is in an M-1 zone and has been converted for use as a CrossFit studio. The building has heavy power with two (2) 600-amp, 3- phase services, and one (1) 200-amp, single-phase service. The building has a 12’ x 12’ loading door and is fully airconditioned. The ceiling height is 14’ to the beam with a clear span warehouse. The layout of the building offers one (1) private office and two (2) large rooms suitable for meetings and conferences. There are twelve (12) on-site parking spaces including one (1) accessible space.
The tenant pays a gross rent of $80,863.00 per year with 3% annual increases on August 1st of each year.
Located less than a mile from the 5 Freeway and Downtown Burbank Metrolink Station, the property is close to Burbank Town Center and popular San Fernando Boulevard with easy access to IKEA, Burbank Empire Center, Costco and Walmart.