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Office Medical

1411 N Hollywood Way

1411 N Hollywood Way, Burbank, CA 91505

Listing Price: $1,850,000

Cap Rate
4.70%
Gross SF
2,804
Rentable SF
2,804
Price/Gross SF
$659.77
Year Built
1954
Lot Size
0.18 acres

Investment Overview

Marcus & Millichap is pleased to present 1411 N Hollywood Way, a freestanding medical building located right off of the corner of Burbank Blvd and N Hollywood Way, in the heart of Burbank. The subject property consists of an approximate 2,804 SF medical office building which is situated on an approximate 7,875 SF parcel. This single tenant building has been the home of Burbank Pediatrics (www.burbankpeds.com) for roughly 20 years and is a perfect fit for any Pediatrician looking to take over a well established practice in one of the highest sought after submarkets of the San Fernando Valley. The business opportunity, including both soft and hard assets, is available for purchase in connection with a lease or sale of the real estate. Alternatively, the asset could be easily repositioned into any other type of medical or professional office use and is currently built out with 8 examining rooms, a consulting office, an employee work area and 2 different executive doctors offices. The building boasts 11 parking spaces that are easily accessible by the alley which sits just south of the property.

This is an ideal opportunity for a doctor to lock in historically low SBA rates and acquire one of the only turn-key freestanding medical buildings available on the market, with as little as 10% down. SBA loans are fixed and fully amortized over a 25-year period and the current blended interest rate is in the low 3% range. Contact agent regarding additional SBA incentives available at this time.

The building sits one parcel north of the intersection of Burbank Blvd and North Hollywood Way, an intersection that sees roughly 35,000 vehicles per day. The visibility, frontage, and signage all add extra avenues of patient acquisition. This coupled with the fact the that are nearly 500,000 people living within a 5 mile radius of the property with an average income of over $100,000, will allow a new doctor a steady stream of new patients for many years to come.

The subject property is located in one of the most heavily trafficked areas in Burbank. It also boasts great accessibility as it is only 1.7 Miles from the 134 Freeway and roughly 1.9 Miles to the 5 Freeway. Sitting one mile south of the Medical practice is the Magnolia Business Park, one of the most business friendly areas of Burbank. There are a large abundance of high-end restaurants, trendy retail spaces, and luxury apartment complexes.

Investment Highlights

  • Successful and Established Pediatric Opportunity for Sale
  • Delivered Vacant Ideal for Owner User
  • Located in the highly sought after business-friendly Burbank submarket
  • Ample Parking (11 Spaces 3.92 / 1,000 SF)
  • Great Corner Location - 150 Feet of Frontage and Traffic Counts exceeding 35,000 VPD
  • Rare Free-Standing Medical Building for Sale or Lease

Exclusively Listed By

Listing Price: $1,850,000

Cap Rate
4.70%
Gross SF
2,804
Rentable SF
2,804
Price/Gross SF
$659.77
Year Built
1954
Lot Size
0.18 acres

Investment Highlights

  • Successful and Established Pediatric Opportunity for Sale
  • Delivered Vacant Ideal for Owner User
  • Located in the highly sought after business-friendly Burbank submarket
  • Ample Parking (11 Spaces 3.92 / 1,000 SF)
  • Great Corner Location - 150 Feet of Frontage and Traffic Counts exceeding 35,000 VPD
  • Rare Free-Standing Medical Building for Sale or Lease

Investment Overview

Marcus & Millichap is pleased to present 1411 N Hollywood Way, a freestanding medical building located right off of the corner of Burbank Blvd and N Hollywood Way, in the heart of Burbank. The subject property consists of an approximate 2,804 SF medical office building which is situated on an approximate 7,875 SF parcel. This single tenant building has been the home of Burbank Pediatrics (www.burbankpeds.com) for roughly 20 years and is a perfect fit for any Pediatrician looking to take over a well established practice in one of the highest sought after submarkets of the San Fernando Valley. The business opportunity, including both soft and hard assets, is available for purchase in connection with a lease or sale of the real estate. Alternatively, the asset could be easily repositioned into any other type of medical or professional office use and is currently built out with 8 examining rooms, a consulting office, an employee work area and 2 different executive doctors offices. The building boasts 11 parking spaces that are easily accessible by the alley which sits just south of the property.

This is an ideal opportunity for a doctor to lock in historically low SBA rates and acquire one of the only turn-key freestanding medical buildings available on the market, with as little as 10% down. SBA loans are fixed and fully amortized over a 25-year period and the current blended interest rate is in the low 3% range. Contact agent regarding additional SBA incentives available at this time.

The building sits one parcel north of the intersection of Burbank Blvd and North Hollywood Way, an intersection that sees roughly 35,000 vehicles per day. The visibility, frontage, and signage all add extra avenues of patient acquisition. This coupled with the fact the that are nearly 500,000 people living within a 5 mile radius of the property with an average income of over $100,000, will allow a new doctor a steady stream of new patients for many years to come.

The subject property is located in one of the most heavily trafficked areas in Burbank. It also boasts great accessibility as it is only 1.7 Miles from the 134 Freeway and roughly 1.9 Miles to the 5 Freeway. Sitting one mile south of the Medical practice is the Magnolia Business Park, one of the most business friendly areas of Burbank. There are a large abundance of high-end restaurants, trendy retail spaces, and luxury apartment complexes.

Exclusively Listed By

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