Listed by Spectrum Commercial Real Estate, Inc
$6,252,286
Rare Downtown Burbank Retail Center
Details
APN 2453-009-015
Property Type Retail
Sub Type Restaurant, Shopping Center
Square Footage 6,478
Cap Rate 6.84%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.10%
Pro-Forma NOI $506,256
Price per SqFt $965
Year Built 1948
Zoning BUC1*
Parking Spaces 5,000 spaces
Parking Per SqFt 771.84
Investment Type Value Add
Retail | 6.84% CAP | 6,478 SqFt
Marketing description
Spectrum Commercial Real Estate, Inc. is pleased to exclusively present a rare investment or owner-user opportunity featuring four contiguous retail storefronts totaling approximately 6,240 square feet. Located in the high-traffic pedestrian corridor of Downtown Burbank, the property is positioned in the "Media Capital of the World," surrounded by major global studios and a thriving residential base.
Investment highlights
- Excellent Value Add Investment Opportunity: A Rare Investment or
- Owner-User Opportunity Featuring Four Contiguous Retail Storefronts
- NNN Leases
- Two 2nd Gen Restaurant Spaces Ranging from 1,120 SF – 2,200 SF
- Two Retail Spaces Ranging from 1,200 SF – 1,958 SF
- Approx. 1,087 Residential Units Proposed/Under Construction in Downtown Burbank and 2,577 Existing Units
- 4 Million Visitors in 2024 (according to Placer.ai)
- Prime Media Location: Positioned in the "Media Capital of the World," Within
- Close Proximity to Major Global Studios - Disney, Warner Bros., and Netflix
- Strong Local Density: Surrounded by Over 3,600 Existing or Under-Construction Residential Units
- Proven Retail Synergy: Situated just Half a Mile from the Largest IKEA in the U.S.
- Exceptional Accessibility: Located near the Burbank Town Center
- Located Directly on a High-Traffic Pedestrian Corridor
- Less than a Mile from the ‘First Street Village’ with 275 New Apartments
- Excellent Demographics
- High Traffic Counts +/-50,000 CPD
- Minutes From Primary Thoroughfare with Direct Access to Major Studio Lots like Warner Bros & Disney
- Near Interstate 5, SR-134 & SR-170 Freeway Onramps
Listing Contacts
Listed by Spectrum Commercial Real Estate, Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Address
Is there information that looks off?
