Office Building in Entertainment
For Sale
Contact for pricing
1405 North San Fernando Boulevard, Burbank, CA 91504
Owner-sale office asset positioned in the Burbank media and entertainment employment cluster anchored by major studios.
Property Size31,108 SF
Price / SF$275.01
Days on Market58
Property Features for 1405 North San Fernando Boulevard
General Information
Standard status
Active
Size
31,108 SF
Class
A
Property subtype
Office
Zoning
C-3
Occupancy
86%
Investment Type
Owner/User
Building Details
Year Built
1982
Stories
3
Units
95
Tenancy
Multi
Listing Agency:
CBRE - South Bay
Listed By:
Grant Goldman · License #02022400
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 14 at 10:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
This office building offers a commercial base for organizations serving the media and entertainment ecosystem. With Burbank widely recognized for its concentration of industry employers, the property provides a straightforward option for office users seeking space in a market shaped by ongoing entertainment production and related services.
Located at 1405 North San Fernando Boulevard in Burbank, the address places the building within one of the Los Angeles area’s most established media corridors. Public remarks note the area’s presence of well-known companies across major platforms, including Disney/ABC, Comcast/NBCUniversal, WarnerMedia, Netflix, Nickelodeon, and Dreamworks, along with more than 1,000 media-related companies.
For tenants, buyers, and brokers evaluating office options in Burbank, this property aligns with a submarket described as having historically low vacancy rates, supported by institutional investment and continued private-capital flow. The remarks further indicate meaningful positive absorption in 2025 and that Class-A rents are approaching $4.50 FSG, offering context for buyers considering an ownership position in a consistently active employment-driven market.
Located at 1405 North San Fernando Boulevard in Burbank, the address places the building within one of the Los Angeles area’s most established media corridors. Public remarks note the area’s presence of well-known companies across major platforms, including Disney/ABC, Comcast/NBCUniversal, WarnerMedia, Netflix, Nickelodeon, and Dreamworks, along with more than 1,000 media-related companies.
For tenants, buyers, and brokers evaluating office options in Burbank, this property aligns with a submarket described as having historically low vacancy rates, supported by institutional investment and continued private-capital flow. The remarks further indicate meaningful positive absorption in 2025 and that Class-A rents are approaching $4.50 FSG, offering context for buyers considering an ownership position in a consistently active employment-driven market.
Key Highlights
- Office asset built in 1982
- Positioned in the Burbank media and entertainment employment cluster anchored by major studios
- Class‑A rents approaching $4.50 FSG
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$666,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,326,660
$13.3M
Cap Rate 7%
$9,519,043
$9.5M
Cap Rate 9%
$7,403,700
$7.4M
Market Conditions
NOI Build-Up for 31,108 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.05M $33.60/SF
− Vacancy
−$156.8K −$5.04/SF
EGI
$888.4K $28.56/SF
− OpEx
−$222.1K −$7.14/SF
NOI
$666.3K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,326,660
Cap Rate 7%
$9,519,043
Cap Rate 9%
$7,403,700
Alternative Uses
Best Use
Office B
$9.52M
$8.33M – $11.11M
NOI $666,333 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$630.23M
$551.45M – $735.27M
NOI $44,116,058 @ 7.0% cap · market cap 515.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 91504, CA
26,678
Population
10,629
Households
2.5
Avg Household Size
40
Median Age
45%
College-Educated
93%
High-School Grad
9.3 sq mi
ZIP Area
2,869
Density / Sq Mi
$103,164
Median Household Income
$57,561
Median Earnings
$2,147
Median Rent
$1,046,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Owner-sale office asset positioned in the Burbank media and entertainment employment cluster anchored by major studios.
Where is this office building located?
The property is located at 1405 North San Fernando Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $8,555,000.
What are key features of this property?
This property features: Office asset built in 1982; Positioned in the Burbank media and entertainment employment cluster anchored by major studios; Class‑A rents approaching $4.50 FSG
