Listed by BAC Real Estate Group, Inc.
$19,950,000
Downtown Burbank Redevelopment Opportunity
Details
APN 2453-018-017
Property Type Retail, Multifamily
Square Footage 9,324
Cap Rate 3.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2025
Year Built 1984
Buildings 1
Acreage 1.760
Zoning C2
Investment Type Redevelopment
Ground Lease No
Downtown Burbank Redevelopment
Marketing description
Exceptional mixed-use, multi-family, senior living, hospitality or retail redevelopment on this 1.76 acre site in downtown Burbank with I-5 frontage and direct off-ramp access. Covered land opportunity with interim NNN income. Walking distance to Metrolink Burbank and two miles from Hollywood Burbank Airport.
Investment highlights
Fantastic redevelopment opportunity with interim NNN income
1-5 Freeway frontage with direct off-ramp access
In the middle of abundant downtown Burbank amenities including dining, shopping, entertainment and nightlife
Within walking distance to MetroLink Burbank
Two miles from Hollywood Burbank Airport
Listing Contacts
Listed by BAC Real Estate Group, Inc.
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