601-607 S Glenoaks Blvd - Medical FOR SALE


Burbank, CA 91502
$18,600,000 USD
818-907-4643
601-607 S Glenoaks Blvd, Burbank, CA for Sale
$18,600,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

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601-607 S Glenoaks Blvd
Burbank, CA 91502


HIGHLIGHTS

  • Two-Building Office Project
  • High-Quality Asset with Direct Access to Subterranean Parking
  • Stand-Alone Office Building at 607 Glenoaks with Dedicated Parking & 11' Ceilings
  • Unique Investment or Partial User Opportunity with ~10,000 SF of Contiguous Space Immediately Available.

OVERVIEW

CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 601 & 607 S Glenoaks Boulevard (601 Glenoaks) located in Burbank, California. Constructed in 1986, this distinctive four-story office building measures 68,531 SF and features an additional single-story office building measuring 9,457 SF. Totaling 77,988 SF, this two-building office Project includes a multi-level, semi-subterranean parking structure offering 250 parking spaces. At 62% leased with a weighted average lease term remaining of 3.87 years, this value-add project offers investors and partial users the opportunity to acquire a unique two-building office property located in the heart of Burbank, known as the Media Capital of the World.

FOR SALE DETAILS

PRICE

$18,600,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

601 & 607 South Glenoaks

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,816 SF

ZONING

BUC3*

APN/PARCEL ID

2453-030-023

ASK ABOUT THIS PROPERTY

Mark PerryCBRE, Inc.More Info
818-907-4643

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Mark PerryCBRE, Inc.More Info
818-907-4643

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