For Sale
$14,750,000

1011 Alameda AveBurbank, CA 91506

Prime Burbank location, high NOI, flexible space.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Burbank commercial property, located at 1011 W. Alameda Ave, offers a unique investment opportunity. The 33,285 square foot building sits on a 1.92-acre lot and boasts a diverse mix of uses, including medical office, creative office, and flex space, currently occupied by three tenants under a NNN lease structure. Built in 1960 and renovated in 1987, the property features a desirable mix of individual retail/office spaces, retail pad buildings, and approximately 15,000 square feet of high-end post-production space. Key features include high ceilings with minimal columns, exposed red brick block walls, dual fiber optic loops for redundant connectivity, heavy power with conditioned power, excellent freeway and mass transit access, line-of-sight pole signage, and a completed seismic retrofit. The property benefits from a favorable RC zoning designation and no gross receipts tax. The current Net Operating Income (NOI) is $130,000, making this a strong cash-flowing asset. The asking price is $14,750,000. The property's APN is 2445-029-020. This is a rare opportunity to acquire a free-standing building in a highly desirable Burbank location with significant upside potential. The 19-foot ceiling height provides ample space and flexibility for various tenants.

Highlights

  • 33,285 SF building on a 1.92-acre lot with a mix of retail/office, retail pad buildings, and 15,000 SF of high-end post-production space.
  • Redundant fiber optic connectivity.
  • Excellent freeway and mass transit access.
  • Heavy power with conditioned power.
  • High ceilings with minimal columns and exposed red brick walls.
  • No gross receipts tax.

Property Details for 1011 Alameda Ave

Property type
Retail properties, Office properties
Square Feet
33,285 SF
Year Built/Renovated
1960/1987
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Burbank
County
Los Angeles
State
California
Latitude
34.16314472048
Longitude
-118.31328182062
1011 Alameda Ave, Burbank, California

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1011 Alameda Ave
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