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Vacant-User

156 W Verdugo Ave

156 W Verdugo Ave, Burbank, CA 91502

Listing Price: $5,450,000

Cap Rate
3.96%
Gross SF
7,476
Price/Gross SF
$729.00
Lot Size
0.22 acres
Year Built
1955
Rentable SF
7,476

Investment Overview

Marcus & Millichap is pleased to present 156 W Verdugo Avenue in Burbank, CA, a Brewery and Food Processing Facility totaling approximately 7,476 square feet which is situated on an approximate 0.22-acre parcel of land (“Subject Property”). The underlying zoning is M2 General Industrial, which permits a wide range of commercial and industrial uses. The Subject Property is built-out as a fully functioning brewery and licensed food processing facility. Substantial improvements were completed between 2013-2016 including upgrades to the plumbing, electrical, roof, HVAC, seismic retro?tting and speci?c TIs for the Brewery and Food Prep. Commissary. The property is also improved with a tasting room and an outdoor patio area. All existing FF&E Licenses and Conditional Use Permit that allow for the manufacture, consumption and sale of alcohol, are included in the sale (please see page 17 for a complete inventory list). The FDA approved, climate-controlled Food Prep Commissary area inside the building is currently being used to produce high quality organic pressed juices. The Juice equipment in the Food Prep commissary is not included in the sale. The Subject Property is owner occupied and will be delivered vacant at the close of escrow. Located in the dense and af?uent Burbank Submarket, just blocks from Downtown, the site enjoys excellent demographics with a population of 511,633 and an average household income of $111,445 within a 5-mile radius. The Subject Property is also within proximity to numerous large employers including multiple entertainment studios, IKEA, the Empire Center, Costco, and more. Additionally, the 5 and 134 Freeways can be easily accessed, and the Burbank Channel Bikeway runs directly behind the property along the Burbank Western Water Channel.

Investment Highlights

  • Turnkey Industrial Brewery/Food Processing Facility in Prime Burbank
  • Over $1.6M Invested in Building Upgrades and FF&E
  • Owner/User Opportunity | Delivered Vacant w/ All Brewery FF&E Included
  • Conditional Use Permit & License for On-Site Alcohol Manufacture Sales and Consumption
  • Tasting Room On-Site | Outdoor Patio Area

Exclusively Listed By

Financing By

Vacant-User

156 W Verdugo Ave

Listing Price: $5,450,000

Cap Rate
3.96%
Gross SF
7,476
Price/Gross SF
$729.00
Lot Size
0.22 acres
Year Built
1955
Rentable SF
7,476

Investment Highlights

  • Turnkey Industrial Brewery/Food Processing Facility in Prime Burbank
  • Over $1.6M Invested in Building Upgrades and FF&E
  • Owner/User Opportunity | Delivered Vacant w/ All Brewery FF&E Included
  • Conditional Use Permit & License for On-Site Alcohol Manufacture Sales and Consumption
  • Tasting Room On-Site | Outdoor Patio Area

Investment Overview

Marcus & Millichap is pleased to present 156 W Verdugo Avenue in Burbank, CA, a Brewery and Food Processing Facility totaling approximately 7,476 square feet which is situated on an approximate 0.22-acre parcel of land (“Subject Property”). The underlying zoning is M2 General Industrial, which permits a wide range of commercial and industrial uses. The Subject Property is built-out as a fully functioning brewery and licensed food processing facility. Substantial improvements were completed between 2013-2016 including upgrades to the plumbing, electrical, roof, HVAC, seismic retro?tting and speci?c TIs for the Brewery and Food Prep. Commissary. The property is also improved with a tasting room and an outdoor patio area. All existing FF&E Licenses and Conditional Use Permit that allow for the manufacture, consumption and sale of alcohol, are included in the sale (please see page 17 for a complete inventory list). The FDA approved, climate-controlled Food Prep Commissary area inside the building is currently being used to produce high quality organic pressed juices. The Juice equipment in the Food Prep commissary is not included in the sale. The Subject Property is owner occupied and will be delivered vacant at the close of escrow. Located in the dense and af?uent Burbank Submarket, just blocks from Downtown, the site enjoys excellent demographics with a population of 511,633 and an average household income of $111,445 within a 5-mile radius. The Subject Property is also within proximity to numerous large employers including multiple entertainment studios, IKEA, the Empire Center, Costco, and more. Additionally, the 5 and 134 Freeways can be easily accessed, and the Burbank Channel Bikeway runs directly behind the property along the Burbank Western Water Channel.

Exclusively Listed By

Financing By

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