503-505 S Victory Blvd - Loft/Creative Space FOR SALE


Burbank, CA 91502- Rancho Adjacent
$2,100,000 USD
503-505 S Victory Blvd, Burbank, CA for Sale
$2,100,000 USD
Loft/Creative Space - FOR SALE
1/16
null | Request Cap Rate

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503-505 S Victory Blvd
Burbank, CA 91502
Rancho Adjacent


HIGHLIGHTS

  • Prime Owner-User Opportunity | SBA Financing Available with As Little as 10% Down
  • Turnkey Post-Production/ Office Facility | $500,000 Renovations Throughout the Years
  • Eleven (11) Private Rooms | Avid Editing Suites, Recording/Voice-Over Rooms, and Executive Offices
  • Premium Build-Out | Screening Room, Soundproof Rooms, and Secure Keypad-Access Server Room
  • Recent Capital Improvements | New Roof (2023), Updated Electrical, and Meticulous Finishes Throughout
  • On-Site Parking | Seven (7) Parking Spaces with EV Charging

OVERVIEW

Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively retained by ownership to market for sale 503 S Victory Boulevard, Burbank, CA 91502. Built in 1953 and renovated with over $500,000 in improvements throughout the years, this single-tenant creative and post-production office building encompasses approximately 4,133 square feet of building on a ±4,718 square foot lot, featuring seven (7) on-site parking spaces. The property has been purpose-built for creative and post-production uses, featuring eleven (11) private rooms currently used as Avid editing suites, recording/voice-over rooms, and executive offices, along with a reception area, screening room, secure keypad-access server room, kitchen/lounge, and two (2) restrooms. While the current build-out caters to post-production users, the flexible floor plan lends itself to any office user seeking beautiful private office space. Exposed wood truss ceilings, polished concrete floors, and high ceilings throughout create an open and inviting environment, while abundant natural light enhances the front of the building. Each suite is equipped with individual HVAC ducting and AC controls, served by five (5) rooftop HVAC units, one of which is dedicated to the server room. Additionally, the property showcases a new roof (2023), updated electrical service, with meticulous finishings throughout. 503 S Victory Boulevard allows an owner/user to capitalize on the demand for office space in the heart of Burbank. For an owner/user taking advantage of SBA financing with as little as 10% down, this is the ideal situation while also being able to own prime real estate in a great pocket of Burbank. Due to Burbank's initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax. This property is nestled in the heart of the highly desired submarket of Burbank. Known as the "Media Capital of the World," Burbank is home to many well-established media and entertainment companies such as The Walt Disney Company, Warner Brothers Entertainment/Music Group, Cartoon Network, Nickelodeon, Warner Music Group, NBC Universal, ABC, Arri Cameras, Cinelease, Entertainment Partners, JL Fisher, and Matthews Studio Equipment, just to name a few. Surrounded by the 134 and 5 freeways, Burbank is highly accessible to neighboring cities such as Glendale, Toluca Lake, North Hollywood, and Hollywood. Buyer to confirm tax benefits with the City of Burbank. Buyer to perform their own due diligence and verify all information.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$508 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Turnkey Post-Production/Creative Office Space

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,718 SF

ZONING

C4, Burbank

APN/PARCEL ID

2451-023-010

ASK ABOUT THIS PROPERTY

Ethan DonelThe Hirth GroupMore Info

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Ethan DonelThe Hirth GroupMore Info

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