For Sale
$14,000,000

10717 Vanowen StBurbank, CA 91505

High-quality Burbank warehouse, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
114
This core industrial investment opportunity presents a 36,407 square foot warehouse located at 10717 Vanowen Street, Burbank, CA 91505. The property, built in 1977 and boasting M2 zoning, is currently 100% occupied by a single tenant under a NNN lease expiring January 31, 2029, with a remaining lease term of 4.2 years. The asking price is $14,000,000, representing a 6.00% cap rate and a price per square foot of $384.54. The property features two dock-high doors and two ground-level loading doors, ample parking for 61 vehicles, and a rare 100% HVAC system. The warehouse has undergone earthquake retrofitting. The tenant, Pacific Title Archives, a film and video media asset management company, has occupied the space since 2008 and requires the temperature-controlled environment provided. This mission-critical location within Burbank's Media District offers unparalleled access to major entertainment companies and is adjacent to Hollywood Burbank Airport and Interstate 5. The property benefits from a strong industrial market with low vacancy rates and significant rent growth, providing a compelling investment opportunity with a long-term, creditworthy tenant. The property has 1,200 amps of power. The Net Operating Income (NOI) is $840,000.

Highlights

  • 36,407 SF high-quality industrial building with two dock-high and two ground-level loading doors.
  • 61 parking spaces.
  • 100% HVAC system.
  • Seismic retrofitted warehouse.
  • M2 zoning.
  • 1,200 amps of power; 100% leased to Pacific Title Archives through January 2029.

Property Details for 10717 Vanowen St

Property type
Warehouses, Industrial properties
Square Feet
36,407 SF
Year Built
1977
Buildings
1
Units
1

Location Insight

City
Burbank
County
Los Angeles
State
California
Latitude
34.1944897
Longitude
-118.3652786
10717 Vanowen St, Burbank, California

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10717 Vanowen St
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