Lee & Associates, as the exclusive advisor and broker, is representing the Owner in the sale of a prime commercial office property in the
downtown section of Burbank, CA.
601 - 607 South Glenoaks Blvd. presents an excellent opportunity for buyers seeking to invest in a core asset in one of Los Angeles’
historically robust submarkets. This multi-tenant office investment property is currently 85% leased, boasting a combination of recent new
leases and lease renewals that contribute to its overall stability. 601 South Glenoaks Blvd demonstrates stable fundamentals with a
diverse tenant roster, which mitigates reliance on any single industry.
Compared to other properties in the Burbank submarket and the broader Los Angeles area, this property exhibits a strong historical and
current occupancy. Moreover, as current rates are below market value there is room for value-add investment by increasing rental rates at
upcoming lease expirations.
The property is offered on a fee simple basis, free and clear of any existing debt, and on an as-is, where-is basis.