1415 W Magnolia Blvd
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1415 W Magnolia Blvd
10,811 SF 7% Leased Office Building Burbank, CA 91506 £5,169,397 (£478/SF)
INVESTMENT HIGHLIGHTS
- Generational Opportunity | First Time On The Market In 33 Years
- Class "B" Office Property in Magnolia Park Neighborhood of Burbank
- Pride Of Ownership "Trophy" Asset In An Undersupplied Market
- Rare Owner-User Opportunity | SBA Financing With As Little As 10% Down
- No City Income Tax or No Gross Sales Receipt
EXECUTIVE SUMMARY
The Professional Offices at 1415 W Magnolia Blvd present a compelling investment opportunity in the heart of Burbank, California. This prime property comprises a well-maintained 10,811 square foot building situated on a 11,213 square foot lot. Constructed in 1992, this asset embodies pride of ownership and offers significant potential for investors seeking to capitalize on Burbank's flourishing real estate market.
One of the key features of this property is its flexibility, with three separately metered office spaces that provide ample room for customization and income generation. Its strategic location near Burbank's renowned production studios, including Walt Disney Studios, Warner Bros., Cartoon Network, Netflix, and Nickelodeon, positions it as an attractive proposition for businesses in the media and entertainment sector.
Burbank's status as the "Media Capital of the World" underscores the high demand for commercial real estate in the area, supported by exceptional demographics and robust economic fundamentals. With high barriers to entry in this market, the Professional Offices present a rare opportunity to acquire a class "B" office building with strong potential for long-term value appreciation. Investors can capitalize on the property's proximity to major studios, diverse tenant base, and the allure of Burbank's vibrant entertainment industry ecosystem.
One of the key features of this property is its flexibility, with three separately metered office spaces that provide ample room for customization and income generation. Its strategic location near Burbank's renowned production studios, including Walt Disney Studios, Warner Bros., Cartoon Network, Netflix, and Nickelodeon, positions it as an attractive proposition for businesses in the media and entertainment sector.
Burbank's status as the "Media Capital of the World" underscores the high demand for commercial real estate in the area, supported by exceptional demographics and robust economic fundamentals. With high barriers to entry in this market, the Professional Offices present a rare opportunity to acquire a class "B" office building with strong potential for long-term value appreciation. Investors can capitalize on the property's proximity to major studios, diverse tenant base, and the allure of Burbank's vibrant entertainment industry ecosystem.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Office/Residential
Building Size
10,811 SF
Building Class
B
Year Built
1992
Price
£5,169,397
Price Per SF
£478
Percent Leased
7%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,405 SF
Slab to Slab
10 ft
Building FAR
0.99
Lot Size
0.25 AC
Zoning
C3YY - General Commercial - Office
Parking
29 Spaces (2.68 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Reception
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2449-025-033 | Improvements Assessment | £1,620,596 |
| Land Assessment | £169,795 | Total Assessment | £1,790,391 |
PROPERTY TAXES
Parcel Number
2449-025-033
Land Assessment
£169,795
Improvements Assessment
£1,620,596
Total Assessment
£1,790,391
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1415 W Magnolia Blvd
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