219 W Palm Ave - Manufacturing FOR SALE


Burbank, CA 91502- Chandler Park
$2,400,000 USD
818-317-0147
219 W Palm Ave, Burbank, CA for Sale
$2,400,000 USD
Manufacturing - FOR SALE
1/8
null | Request Cap Rate

219 W Palm Ave
Burbank, CA 91502
Chandler Park


HIGHLIGHTS

  • Twelve on site parking spaces.
  • Is leased through July 2028.
  • Building features heavy power.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21

LAND SF

8,999

ZONING

M1, Burbank

APN/PARCEL ID

2451-012-014

ASK ABOUT THIS PROPERTY

Gino GaudioStevenson Real Estate ServicesMore Info
818-317-0147

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

Gino GaudioStevenson Real Estate ServicesMore Info
818-317-0147

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