1420 W Olive Ave - Office FOR SALE


Burbank, CA 91506- Rancho Adjacent
$9,500,000 USD
310-999-1117
1420 W Olive Ave, Burbank, CA for Sale
$9,500,000 USD
Office - FOR SALE
1/13
null | 5.64% Cap Rate

1420 W Olive Ave
Burbank, CA 91506
Rancho Adjacent


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,578 SF

ZONING

C2, Burbank

APN/PARCEL ID

2446-031-030

ASK ABOUT THIS PROPERTY

Christopher BonbrightAvison YoungMore Info
310-999-1117

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Christopher BonbrightAvison YoungMore Info
310-999-1117

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