10717 Vanowen StBurbank, CA 91505

Property Details for 10717 Vanowen St

Year built

1977

Property size (Sq ft)

36,407 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

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.

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1945

Longitude

-118.365

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