923 N Hollywood Way, Burbank, CA 91505

NAI Capital is pleased to present 923 N Hollywood Way, an incredible opportunity to purchase beautifully appointed creative office and sound stages in one of Burbank’s most desirable areas. The property is located near the signalized intersection of N Hollywood Way and Magnolia Blvd, with easy access to a variety of local eateries, creative businesses, and the hub of the entertainment industry. The single-story building is currently improved with creative offices, 2 working sound stages, restrooms, full kitchen, and both private and common areas, allowing for a variety of creative uses. The 4,990 SF building was originally constructed in 1952 and fully renovated in 2018.

The property offers maximum flexibility to buyers. Owner users seeking to occupy all or some of the property with their own business can vacate as many tenants as desired at close of escrows. Investors seeking to purchase the property can acquire a fully occupied property at an in-place 5.26% cap rate with upside, and can immediately put tenants on longer leases at close of escrow.