CBRE, Inc., as an exclusive broker, is pleased to offer for sale 4510 W. Vanowen St. (the “Property”), a high quality industrial building totaling 100,217 SF in Burbank, CA. The Property is the largest of 12 buildings in Backlot Burbank, a rare business park setting. The well-located building is 100% leased to Hutchinson Aerospace, a global leader in vibration control, fluid management and sealing technologies. Hutchinson has been in the building since 1994 and has made substantial investments in improvements for their manufacturing. Current rent is 19% below market and there are 5.0 years of weighted average lease term remaining.
This is a rare opportunity in the highly coveted Greater San Fernando Valley. The submarket has recorded 12% average annual rent growth since 2016 and has maintained 1.4% average industrial vacancy for 10 years.
This kind of product is vastly under-supplied in the city of Burbank, which recorded 0.0% availability and 0 SF under construction for industrial buildings 100K+ SF in Q4 2024.