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    3099 Lima St Burbank, CA 91504

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Burbank industrial space; sublease opportunity.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25,000-square-foot warehouse, located in Burbank, California, presents a unique sublease opportunity. Situated on a 0.94-acre lot, this single-tenant industrial property boasts a prime location adjacent to the I-5 Freeway, offering unparalleled accessibility. Built in 1967 and renovated in 1976, the warehouse features a 20-foot ceiling height, providing ample vertical space for storage and operations. Three loading docks ensure efficient loading and unloading, while the secure fenced yard provides convenient access from both Cohasset Street and Lima Street. The property includes 38 total parking spaces for employees and visitors. The warehouse is equipped with 600 amp, 240-250 volt power. The property is zoned M2 and its Los Angeles County Assessor's Parcel Number (APN) is 2466-001-050. This sublease agreement extends until December 31, 2026, offering a significant opportunity for businesses seeking a well-maintained, strategically located industrial space in the thriving Burbank market. The property's cross streets are Cohasset Street and North Hollywood Way.

    Property Features for 3099 Lima St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Total Rate
    40750

    Building Details

    Year Built/Renovated
    1967/1976

    Unit(s) available at that property

    Space
    Available space
    Size
    25,000 SF
    Rate per SF
    $19

    HighLights

    • Prime Burbank location, adjacent to the I‑5 Freeway.
    • Secure fenced yard accessible from Cohasset and Lima Streets.
    • Sublease opportunity expiring December 31, 2026.
    • Located in Burbank, CA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ppp Equipment Corporation Manufacturer Arc Services Co Copier Repair Service Poly Plant Project, ... Engineering Consultant KIG Holdings Plastic Fabrication Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3457382
    Latitude
    34.2062616

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    FAQs

    What type of property is this?
    Distribution property - Prime Burbank industrial space; sublease opportunity.
    Where is this distribution property located?
    The property is located at 3099 Lima St Burbank, CA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime Burbank location, adjacent to the I-5 Freeway.; Secure fenced yard accessible from Cohasset and Lima Streets.; Sublease opportunity expiring December 31, 2026.
    Request Owner's contact information
    3099 Lima St Burbank, CA 91504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3099 Lima St Burbank, CA 91504
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