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.