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Office

2310 W Victory Blvd

2310 W Victory Blvd, Burbank, CA 91506

Listing Price: $2,395,000

Cap Rate
4.34%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$665.28
Lot Size
0.14 acres
Year Built
1957

Investment Overview

Marcus & Millichap is pleased to present 2308-2310 W Victory Blvd, a freestanding professional office building with gated parking in the heart of Burbank. Known as the entertainment capital of the world, Burbank houses major corporations like the Walt Disney Company, ABC Television, Warner Bros., Cartoon Network, Nickelodeon, Blizzard Arena, and many of the other major players in the entertainment space. The opportunity consists of an approximate 3,600 SF building situated on an approximate 0.14-acre BUC3 zoned parcel. Located just a block and a half east of the intersection of Victory Blvd and Buena Vista St, an intersection that sees over 21,000 vehicles per day, the subject property enjoys excellent visibility on one of the main East/West thoroughfares in the San Fernando Valley. The property is also within close proximity to I-5 Freeway and is surrounded by shopping and dining amenities including Burbanks Empire Center, sprawling shopping complex with national retailers and restaurants. Originally built in 1957, the building has been updated through the years and is currently improved with a reception area, 5 private offices, a communal workspace, 4 restrooms, 3 conference rooms, and a breakroom / kitchen. The flexible floor plan can support a staff of roughly 20 employees. The roof was last replaced in xx and the HVAC in xx. The gated parking lot, accessed by the rear alley, is striped for 8 spaces (2.22/1,000 SF). The property is currently owner occupied but will be delivered vacant at the close of escrow, allowing an owner user the ability to move in immediately and obtain attractive SBA financing or an investor the ability to reposition the asset and lease the building at market rent. The existing use of the building is professional office however, the underling zoning, C-3, allows for a wide array of retail, office and media uses. Additional zoning information can be found in the Burbank Municipal Code. Burbank is one of the most pro-business areas in the San Fernando Valley/Tri-Cities as the city seeks to advance sustainable job growth. Business incentives/resources offered include: no city income tax, no gross sales receipt tax, business concierge services, LEED incentive program, business rebates, employee recruitment and hiring assistance, California competes tax credits and Business Buck’s. This coupled with the dense affluent demographics continue to drive demand and overall growth in the submarket. This is evidenced by Burbank’s strong market fundamentals including holding one of the lowest market vacancy rates out of all the Los Angeles office submarkets.

Investment Highlights

  • Great Owner User or Investor Opportunity | Property will be Delivered Vacant at COE
  • Located in the Heart of Burbank | Epicenter of the Entertainment Industry
  • Business Friendly City | No City Income Tax & No Gross Sales Receipt Tax
  • Freestanding Professional Office Building with Gated Parking | 8 Spaces (2.22/1,000SF)
  • Positioned on a Main East/West Thoroughfare Over 21,000 VPD @ Victory Blvd & Buena Vista
  • Versatile Underlying Zoning | C-3 Permits Wide Array of Retail, Office and Media Uses

Exclusively Listed By

Financing By

Office

2310 W Victory Blvd

Listing Price: $2,395,000

Cap Rate
4.34%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$665.28
Lot Size
0.14 acres
Year Built
1957

Investment Highlights

  • Great Owner User or Investor Opportunity | Property will be Delivered Vacant at COE
  • Located in the Heart of Burbank | Epicenter of the Entertainment Industry
  • Business Friendly City | No City Income Tax & No Gross Sales Receipt Tax
  • Freestanding Professional Office Building with Gated Parking | 8 Spaces (2.22/1,000SF)
  • Positioned on a Main East/West Thoroughfare Over 21,000 VPD @ Victory Blvd & Buena Vista
  • Versatile Underlying Zoning | C-3 Permits Wide Array of Retail, Office and Media Uses

Investment Overview

Marcus & Millichap is pleased to present 2308-2310 W Victory Blvd, a freestanding professional office building with gated parking in the heart of Burbank. Known as the entertainment capital of the world, Burbank houses major corporations like the Walt Disney Company, ABC Television, Warner Bros., Cartoon Network, Nickelodeon, Blizzard Arena, and many of the other major players in the entertainment space. The opportunity consists of an approximate 3,600 SF building situated on an approximate 0.14-acre BUC3 zoned parcel. Located just a block and a half east of the intersection of Victory Blvd and Buena Vista St, an intersection that sees over 21,000 vehicles per day, the subject property enjoys excellent visibility on one of the main East/West thoroughfares in the San Fernando Valley. The property is also within close proximity to I-5 Freeway and is surrounded by shopping and dining amenities including Burbanks Empire Center, sprawling shopping complex with national retailers and restaurants. Originally built in 1957, the building has been updated through the years and is currently improved with a reception area, 5 private offices, a communal workspace, 4 restrooms, 3 conference rooms, and a breakroom / kitchen. The flexible floor plan can support a staff of roughly 20 employees. The roof was last replaced in xx and the HVAC in xx. The gated parking lot, accessed by the rear alley, is striped for 8 spaces (2.22/1,000 SF). The property is currently owner occupied but will be delivered vacant at the close of escrow, allowing an owner user the ability to move in immediately and obtain attractive SBA financing or an investor the ability to reposition the asset and lease the building at market rent. The existing use of the building is professional office however, the underling zoning, C-3, allows for a wide array of retail, office and media uses. Additional zoning information can be found in the Burbank Municipal Code. Burbank is one of the most pro-business areas in the San Fernando Valley/Tri-Cities as the city seeks to advance sustainable job growth. Business incentives/resources offered include: no city income tax, no gross sales receipt tax, business concierge services, LEED incentive program, business rebates, employee recruitment and hiring assistance, California competes tax credits and Business Buck’s. This coupled with the dense affluent demographics continue to drive demand and overall growth in the submarket. This is evidenced by Burbank’s strong market fundamentals including holding one of the lowest market vacancy rates out of all the Los Angeles office submarkets.

Exclusively Listed By

Financing By

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