For Sale
$29,975,000

2000 Hollywood WayBurbank, CA 91505

High-Yield Burbank Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
114
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
2000 Hollywood Way, Burbank, California

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2000 Hollywood Way
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