Industrial Office Building with
3000 Empire Avenue Burbank, CA 91504
3000 Empire Avenue, Burbank, CA, 91504
$17,500,000
For Sale
$17,500,000
Functional industrial/office building with about 60,443 square feet and partial owner-occupancy, plus adjacent parking lots option.
Property Size86,060 SF
Lot Size2.79 Acres
Price / SF$203.35
Days on Market342
Property Features for 3000 Empire Avenue
General Information
- Standard status
- Active
- Size
- 86,060 SF
- Lot size
- 2.79 Acres
- Property subtype
- Land Lot
Listing agency
CB Richard Ellis, Inc.
(310) 927-4462
Listed by
Kadie Presley · License #01476551
(310) 927-4462
Source
Compass
Added: Aug 15, 2025 Updated: Jul 21 at 11:52AM Checked: Jul 21 at 11:52AM
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 CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
3000 Empire is improved with a functional +/-60,443 square foot industrial/office building. The property is partially owner-occupied, with different components leased to third-party tenants under short-term leases that include owner-cancellation rights, offering flexibility for a buyer or developer.
The property can also be purchased with two additional parking lots for a total land area of +/-121,308 square feet, located at 3000 & 3001 Empire Avenue and 2220 Fairview Avenue, in the heart of Burbank, California.
For sale as a mixed-use industrial/office facility with the option to expand included parking through the additional lots.
The property can also be purchased with two additional parking lots for a total land area of +/-121,308 square feet, located at 3000 & 3001 Empire Avenue and 2220 Fairview Avenue, in the heart of Burbank, California.
For sale as a mixed-use industrial/office facility with the option to expand included parking through the additional lots.
Key Highlights
- Approximately 60,443 SF functional industrial/office building at 3000 Empire Avenue
- Partially owner‑occupied, with additional components leased to third‑party tenants on short‑term leases
- Leases include owner‑cancellation rights, offering flexibility for a buyer or developer repositioning
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.63M | $18.96 |
| − Vacancy | −$104.4k | −$1.21 |
| EGI | $1.53M | $17.75 |
| − OpEx | −$229.1k | −$2.66 |
| NOI | $1.30M | $15.08 |
86,060 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$26.33M
$23.04M – $30.72M
NOI $1,843,405 @ 7.0% cap · market cap 10.53%
Second Best
Warehouse
$18.55M
$16.23M – $21.64M
NOI $1,298,179 @ 7.0% cap · market cap 7.42%
Theoretical Best
Multifamily LT 5
$1,743.52M
$1,525.58M – $2,034.11M
NOI $122,046,675 @ 7.0% cap · market cap 697.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Film Play
Film Production
Enchanted Art
Art Gallery
Collectible Wizard
(Bike/Boat/Book/etc) Store
Ron Lee Inc
Industrial Manufacturer
1928 Jewelry Company
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 2240 N Hollywood Way, Burbank, CA 91505
- Extra Space Storage — 2550 N Hollywood Way, Burbank, CA 91505
- Burbank Boat & RV Storage — 1830 N Lincoln St, Burbank, CA 91506
- Extra Space Storage — 2801 Thornton Ave, Burbank, CA 91504
- Pacific Distributing Station — 3300 W Pacific Ave, Burbank, CA 91505
FAQs
What type of property is this?
Warehouse - Functional industrial/office building with about 60,443 square feet and partial owner-occupancy, plus adjacent parking lots option.
Where is this warehouse located?
The property is located at 3000 Empire Avenue Burbank, CA.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Approximately 60,443 SF functional industrial/office building at 3000 Empire Avenue; Partially owner‑occupied, with additional components leased to third‑party tenants on short‑term leases; Leases include owner‑cancellation rights, offering flexibility for a buyer or developer repositioning
