400 S Victory Blvd - Office FOR SALE


Burbank, CA 91502
$6,995,000 USD
818-442-3221
400 S Victory Blvd, Burbank, CA for Sale
$6,995,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

400 S Victory Blvd
Burbank, CA 91502


HIGHLIGHTS

  • STATE-OF-THE-ART PRODUCTION/POST-PRODUCTION & TECHNOLOGY FACILITY IN THE HEART OF THE ENTERTAINMENT CAPITAL OF THE WORLD

OVERVIEW

STATE-OF-THE-ART PRODUCTION/POST-PRODUCTION & TECHNOLOGY FACILITY IN THE HEART OF THE ENTERTAINMENT CAPITAL OF THE WORLD * Exceptional opportunity to acquire a high-image three-story 20,347 SF, plug-and-play facility situated adjacent to Downtown Burbank, two miles to the Media District and minutes to the Burbank Airport. * Currently the only fully improved and modernized production/post-production facility on the market in Burbank. A rare opportunity to occupy a move-in ready state-of-the-art facility with advanced technical infrastructure. * Highly visible corner for branding and signage opportunity. WORLD-RENOWNED OFFICE AND ENTERTAINMENT MARKET CONTINUES TO DOMINATE * Home to Disney/ABC, Comcast/NBCUniversal, WarnerMedia, Netflix, Nickelodeon Dreamworks and over 1,000 media-related companies, Burbank is the unrivaled epicenter for the global media and entertainment industry. Overflowing with creative talent, Burbank draws employers such as Madison Square Garden Entertainment, Twentieth Century Fox and Sony who continually push the boundaries on creativity and innovation. * Burbank has historically held one of the lowest vacancy rates in all major Los Angeles submarkets, in-part to large-scale investments from Blackstone, Netflix, WarnerMedia, and Disney which continue to put upward pressure on rents resulting in an average full service gross asking rate of $4.61 PSF (Q4 2023). * Burbank leads all Tri-Cities submarkets in size, rents, and occupancy. With +14M SF of office product and an average vacancy rate of below 10% over the past 5-years, the market attracts the region’s most dynamic and creative tenants creating an insular ecosystem tied to the Media and Entertainment industries. THE EPICENTER OF MEDIA AND ENTERTAINMENT, WHERE CONTENT REIGNS SUPREME * Burbank is home to major entertainment titans with convenient access to nearby studio infrastructure offering occupiers the ability to utilize purpose-built, superior quality stage and production space with shortened travel times and expense. * The property offers direct access to the I-5 (Golden State) and 134 (Ventura) freeways. The desirable Burbank address borders Glendale, North Hollywood, Studio City, Toluca Lake and just north of Hollywood.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C4

APN/PARCEL ID

2451-022-025

ASK ABOUT THIS PROPERTY

Gerard PoutierCBRE, Inc.More Info
818-442-3221

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Gerard PoutierCBRE, Inc.More Info
818-442-3221

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