Shopping Strip

833 N Hollywood Way

833 N Hollywood Way, Burbank, CA 91505

Listing Price: $1,895,000

Cap Rate
3.69%
Gross SF
4,750
Rentable SF
4,750
Price/Gross SF
$398.95
Lot Size
0.11 acres
Year Built
1952

Investment Overview

Marcus and Millichap is pleased to present 833 N Hollywood Way, a two tenant retail space in the heart of Burbank. The subject property consists of two 2,375 square foot retail spaces totaling a total rentable square footage of 4,750 square feet. 833 N Hollywood Way sits on one of the most heavily trafficked areas of Hollywood Way, a portion that sees over 35,000 cars per day. This coupled with the excellent frontage the property boasts makes this a perfect opportunity for an owner/user to move a business into Burbank, one of the hottest and pro-business areas of the San Fernando Valley.

Half of the building can be delivered vacant at the close of the sale giving an owner/user the ability to move an office or retail space into the property. SBA Financing would also give them the ability to purchase the property for as little as 10% down. The other half of the building is leased up at slightly below market rent, on a modified gross basis, for the next two years. The suite was recently renovated to accommodate for the tenant, a medical testing lab. Ownership has been diligent in maintaining a high standard of care for the property. The roof was replaced 3 years ago and the month to month space just received a new A/C unit.

Investment Highlights

  • Ideal for Owner User or Investor
  • Magnolia Park General Business Zone
  • Excellent Frontage and High Traffic Counts (35,000+ VPD)

Exclusively Listed By

Listing Price: $1,895,000

Cap Rate
3.69%
Gross SF
4,750
Rentable SF
4,750
Price/Gross SF
$398.95
Lot Size
0.11 acres
Year Built
1952

Investment Highlights

  • Ideal for Owner User or Investor
  • Magnolia Park General Business Zone
  • Excellent Frontage and High Traffic Counts (35,000+ VPD)

Investment Overview

Marcus and Millichap is pleased to present 833 N Hollywood Way, a two tenant retail space in the heart of Burbank. The subject property consists of two 2,375 square foot retail spaces totaling a total rentable square footage of 4,750 square feet. 833 N Hollywood Way sits on one of the most heavily trafficked areas of Hollywood Way, a portion that sees over 35,000 cars per day. This coupled with the excellent frontage the property boasts makes this a perfect opportunity for an owner/user to move a business into Burbank, one of the hottest and pro-business areas of the San Fernando Valley.

Half of the building can be delivered vacant at the close of the sale giving an owner/user the ability to move an office or retail space into the property. SBA Financing would also give them the ability to purchase the property for as little as 10% down. The other half of the building is leased up at slightly below market rent, on a modified gross basis, for the next two years. The suite was recently renovated to accommodate for the tenant, a medical testing lab. Ownership has been diligent in maintaining a high standard of care for the property. The roof was replaced 3 years ago and the month to month space just received a new A/C unit.

Exclusively Listed By

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