Avison Young is pleased to share an upcoming opportunity to acquire 1420 W. Olive Avenue, a highly visible, 13,600-square-foot freestanding single-tenant long-term leased asset in the heart of Burbank, California. The property is fully leased to the U.S. General Services Administration for use as a Social Security Administration branch office, with a newly executed long-term lease extension through November 2037.
Purpose-built for GSA in 2007 and occupied by the SSA for nearly two decades, the asset offers a compelling combination of credit quality, long-term stability, and minimal management intensity. The lease is backed by the full faith and credit of the United States government, with Moody’s Aa1 credit, providing investors with a secure income profile in one of Los Angeles County’s most supply-constrained submarkets.