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 of
fice of Marcus & Millichap, is representing the seller.
Kyle Matthews, a senior associate in the Encino of
fice of Marcus & Millichap, is representing the seller. “As a newly built U.S. government-leased investment in an outstanding Southern California location, th
is 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 tremend
ous 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 Univ
ersal, are located in the vicinity.
Press Contact: Stacey Corso
Communications Department
(925) 953-1716
ersal, are located in the vicinity.Press Contact: Stacey Corso
Communications Department
(925) 953-1716
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