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Burbank Civic Plaza 250 E Olive Ave 76,347 SF 44% Leased Office Building Burbank, CA 91502 For Sale
INVESTMENT HIGHLIGHTS
- 48% Leased to 7 Tenants
- Flexible Occupancy
- Highly Desirable Submarket
- 2.69 Years WALT Remaining
- 17,606 SF Available and Contiguous on the 4th Floor
- Conveniently Located in Downtown Burbank - Proximity to Major Freeways and Transportation
EXECUTIVE SUMMARY
Owner User Opportunity with Income!
CBRE is pleased to present the opportunity to acquire 250 E Olive Avenue, a four-story, Class A, multi-tenant office and retail building situated in Burbank, California.
Located in the heart of Downtown Burbank, this 76,377 square foot building offers a prime opportunity for an owner-user. The Property is currently 48% leased to seven office and retail tenants. Built in 2005, the Building provides the potential for an owner-user to occupy up to 39,667 square feet (~52%). Its central location offers excellent
accessibility to transportation and a wide array of nearby amenities.
The Property is being offered to the market on an unpriced basis. Please call the investment advisors listed in this offering for more information.
CBRE is pleased to present the opportunity to acquire 250 E Olive Avenue, a four-story, Class A, multi-tenant office and retail building situated in Burbank, California.
Located in the heart of Downtown Burbank, this 76,377 square foot building offers a prime opportunity for an owner-user. The Property is currently 48% leased to seven office and retail tenants. Built in 2005, the Building provides the potential for an owner-user to occupy up to 39,667 square feet (~52%). Its central location offers excellent
accessibility to transportation and a wide array of nearby amenities.
The Property is being offered to the market on an unpriced basis. Please call the investment advisors listed in this offering for more information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
76,347 SF
Building Class
B
Year Built
2005
Percent Leased
44%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
20,700 SF
Slab To Slab
13’
Building FAR
1.03
Lot Size
1.70 AC
Zoning
CG, Burbank - Commercial General, Burbank
Parking
271 Spaces (3.55 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Metro/Subway
- Signage
- Monument Signage
- Outdoor Seating
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Rental and Leasing Services
- -
- -
-
Jan 0000
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Rental and Leasing Services | - | - | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 200
- 7,559 SF
- Office
- -
- Now
- 2nd Fl-Ste 203
- 4,598 SF
- Office
- -
- Now
- 2nd Fl-Ste 204
- 2,592 SF
- Office
- -
- Now
- 3rd Fl-Ste 350
- 10,096 SF
- Office
- -
- Now
- 4th Fl-Ste 410
- 12,009 SF
- Office
- -
- Now
- 4th Fl-Ste 430
- 5,597 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 7,559 SF | Office | - | Now |
| 2nd Fl-Ste 203 | 4,598 SF | Office | - | Now |
| 2nd Fl-Ste 204 | 2,592 SF | Office | - | Now |
| 3rd Fl-Ste 350 | 10,096 SF | Office | - | Now |
| 4th Fl-Ste 410 | 12,009 SF | Office | - | Now |
| 4th Fl-Ste 430 | 5,597 SF | Office | - | Now |
2nd Fl-Ste 200
| Size |
| 7,559 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 4,598 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 2,592 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 350
| Size |
| 10,096 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 410
| Size |
| 12,009 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 430
| Size |
| 5,597 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 2453-013-022 | Improvements Assessment | $21,452,609 |
| Land Assessment | $5,516,383 | Total Assessment | $26,968,992 |
PROPERTY TAXES
Parcel Number
2453-013-022
Land Assessment
$5,516,383
Improvements Assessment
$21,452,609
Total Assessment
$26,968,992
CONTACTS
-
Kyle Barratt -
Mark Perry -
Jackie Benavidez -
Natalie Bazarevitsch -
Sean O'Malley -
Austin Ghaderi -
CBRE, Inc.
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Burbank Civic Plaza | 250 E Olive Ave
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