923 N Hollywood Way - Retail FOR SALE


Burbank, CA 91505- Magnolia Park
$3,445,000 USD
805-338-9232
923 N Hollywood Way, Burbank, CA for Sale
$3,445,000 USD
Retail - FOR SALE
1/23
null | 5.26% Cap Rate

923 N Hollywood Way
Burbank, CA 91505
Magnolia Park


HIGHLIGHTS

  • Pride of ownership single story commercial, fully built out as creative office and recording studio
  • Amazing owner user opportunity or investment - in place 5.26% cap rate
  • Incredible frontage near one of Burbank’s most desirable intersections at Hollywood Way and Magnolia Blvd with traffic counts of 32,458 vehicles/day
  • Ten private parking spaces available via back alley plus excellent street parking in front of the building
  • Features two working sound stages (ADR & DUB)

OVERVIEW

PRICE REDUCED! NAI Capital is pleased to present 923 N Hollywood Way, a pride of ownership creative office and recording studio in one of Burbank’s most desirable areas. The property is located near the signalized intersection of N Hollywood Way and Magnolia Blvd, with easy access to a variety of local eateries, creative businesses, and the hub of the entertainment industry. The single-story building is currently improved with creative offices, 2 working sound stages, restrooms, full kitchen, and both private and common areas, allowing for a variety of creative uses. The 4,990 SF building was originally constructed in 1952 and fully renovated in 2018. Owner users can take advantage of the short term leases in place to occupy all or some of the building. Qualifying owner users occupying 51% or more of the RBA can qualify for SBA financing with as little as 10% down payment. Alternatively, investors can take advantage of the existing tenants in place to purchase at a 5.26% cap rate, with upside in rents.

FOR SALE DETAILS

PRICE

$3,445,000 USD

PRICE/SF

$690 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,721 SF

ZONING

BUC3*

APN/PARCEL ID

2480-012-016

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

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