213-631-8788
1111 W Alameda Ave, Burbank, CA for Sale
Office - FOR SALE
1/7
null | Request Cap Rate

1111 W Alameda Ave
Burbank, CA 91506
Rancho Adjacent


HIGHLIGHTS

  • Desirable location with proximity to major employers, the Burbank Airport and walkable retail amenities.
  • Owner/user or development opportunity with leaseback potential.
  • Rancho Commercial District General Business Zoning allows for a variety of commercial and residential uses.
  • Local and federal initiatives such as AB2011 and SB35 may be leveraged for streamlining residential development.
  • Ideal development site with rectangular lot shape and approximate dimensions of 290ft x 300ft.

OVERVIEW

CBRE is pleased to present the owner/user or development opportunity to purchase 1111 W. Alameda Ave in Burbank, California (the “Property”). Situated in the heart of Burbank’s Rancho District, the 2.77 acre site is improved by a ±46,764 SF office and retail building, currently a regional and branch office for the American Automobile Association (AAA), surrounded by a surface parking lot accommodating ±189 spaces. The Property is less than one mile to the major film and television studios in the Media District, including Warner Bros and Disney, and minutes to NBCUniversal and CBS in nearby Studio City. Known as the media capital of the world, Burbank appeals to major employers with best-in-class office and production space, access to a broad labor pool across the San Fernando Valley and impressive regional amenities like the Burbank Airport and transportation hub. Nearby Downtown Burbank offers visitors and residents unlimited shopping, dining and entertainment options along with brand new multi-family, mixed-use and hotel developments. Fueled by the entertainment and media sectors, Burbank consistently outperforms neighboring submarkets and is considered one of the strongest in the region. The Property is well positioned for multi-family/mixed use, retail or office. Walkable retail amenities, proximity to major employment opportunity and an overall housing shortage offer maximum value creation potential. For owner/users, few opportunities acquire to acquire a standalone building of this size with ample parking in the heart of Burbank.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Burbank Development Site - 2.76 Ac

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

M1*

APN/PARCEL ID

2445-027-001

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.