Marcus & Millichap Lists Social Security Building in Burbank, CA for $13.65M

BURBANK, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for a single-tenant 13,600-square foot office building leased to the Social Security Administration in Burbank.

The listing price of $13.65 million represents $1,004 per square foot.
Kyle Matthews, a senior associate in the Encino office of Marcus & Millichap, is representing the seller.

“As a newly built U.S. government-leased investment in an outstanding Southern California location, this property is an extraordinary opportunity for the astute investor looking for the very best in a low-management, low-risk real estate investment,” says Matthews.

“Beyond the ‘gold standard’ tenancy and superior design, the property features a high-value entertainment industry location, boasting tremendous upside potential at the end of its lease term,” adds Matthews.

Located at 1420 West Olive Ave., the one-story Class A building is situated on a 41,578-square foot lot.

Built in 2007, the property features excellent frontage at the intersection of Olive and Verdugo, which are both major east-west corridors connecting Burbank’s media district in the west to downtown Burbank in the east.

Major studios such as Disney, Warner and Universal, are located in the vicinity.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716