7590 N Glenoaks Blvd
Burbank, CA 91504
7590 Glenoaks · Office Property For Sale

CALLING FOR OFFERS ON MAY 25, 2017. VALUE ADD INVESTMENT OPPORTUNITY. Newmark Grubb Knight Frank (NGKF), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 7590 North Glenoaks (the Property), a 67,611-square foot office building located in Burbank, California the Media Capital of the World. The Property is currently 88% leased to technology, media and marketing companies,that include existing ownership, and a weighted average lease term of only 3.16 years, providing a user the flexibility to define its space requirements. With in-place rents nearly 15% below market, an investor has the opportunity to enhance returns by increasing rental rates as they naturally expire. IF YOU WOULD LIKE TO RECEIVE THE OFFERING MEMORANDUM, PLEASE FILL OUT THE CONFIDENTIALITY AGREEMENT IN THE ATTACHMENT SECTION OF THIS WEBSITE. PROXIMITY TO A LARGE, HIGHLY EDUCATED LABOR POOL Comprised of Burbank, Pasadena and Glendale, the Tri-Cities Corridor is home to approximately 2.6 million people, with an additional 3.6 million residing in the surrounding San Fernando, San Gabriel and Santa Clarita valleys. These communities provide 7590 North Glenoaks with an immense, high-quality labor pool and a wide variety of housing alternatives for employees and executives alike. PRO-BUSINESS ENVIRONMENT The city of Burbank has a pro-business attitude and features one of southern California' s healthiest and most competitive business environments. Burbank' s business advantages include no city income tax and no gross receipts tax. These business incentives combined with the presence of major studios have resulted in a remarkable synergistic attraction for media and entertainment tenants and service providers, creating consistently growing office space demand. This unique intersection of tech and media promise significant growth opportunities.