For Sale
$29,975,000

2000 Hollywood Way Burbank, CA 91505

High-Yield Burbank Shopping Center

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Burbank retail investment opportunity presents a stabilized, multi-tenant shopping center totaling 61,690 square feet, situated on a 130,680 square foot lot. The property, comprised of two single-story buildings constructed in 1940 and extensively renovated in 2023, boasts a prime location at the signalized intersection of North Hollywood Way and Victory Boulevard. Tenants include established national brands such as 7-Eleven, Petco, Subway, Domino's Pizza, UPS, and Party City, ensuring a strong and diverse tenant mix. The property features 188 parking spaces and benefits from a 100% occupancy rate, generating a current NOI of $1,528,730.30 and a pro-forma NOI of $1,703,538.66. The asking price is $29,975,000, representing a current cap rate of 5.10% and a pro-forma cap rate of 5.69%. The property is zoned C3 and includes ten units under NNN leases. This irreplaceable location, held under the same ownership for over 65 years, offers a compelling investment opportunity with significant upside potential. The property's address encompasses 2000-2015 N. Hollywood Way and 3125 W. Victory Blvd, Burbank, CA 91505. APN numbers are 2463-009-005

Highlights

  • Prime Burbank retail investment opportunity.
  • High-visibility corner location at N Hollywood Way & Victory Blvd.
  • Strong tenant mix of 10 retailers & a cell tower on staggered leases.
  • Two synergistic retail centers at this intersection.
  • Single ownership for over 65 years.

Property Details for 2000 Hollywood Way

Property type
Lifestyle centers, Power centers
Square Feet
61,690 SF
Year Built/Renovated
1940/2023
Buildings
2
Stories
1
Units
10

Location Insight

City
Burbank
County
Los Angeles
State
California
Latitude
34.1849818
Longitude
-118.3488886

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FAQs

What type of property is this?
Lifestyle center - High-Yield Burbank Shopping Center
Where is the lifestyle center located?
The property is located at 2000 Hollywood Way Burbank, CA.
What is the asking price?
The asking price for this property is $29,975,000.
What are key features of this property?
This property features: Prime Burbank retail investment opportunity.; High-visibility corner location at N Hollywood Way & Victory Blvd.; Strong tenant mix of 10 retailers & a cell tower on staggered leases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Chris Jackson
Chris Jackson
Rose O'Sullivan
Rose O'Sullivan
Dean Kinan
Visit Broker Website

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Hollywood Way
Burbank, CA 91505

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Burbank, CA 91505

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2000 Hollywood Way
  • Chris Jackson
    Chris Jackson
  • Rose O'Sullivan
    Rose O'Sullivan
  • Dean Kinan
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