4510 Vanowen St Burbank, CA 91505

Property Details for 4510 Vanowen St

Property size

100,217 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 100,217-square-foot industrial warehouse in Burbank, CA, presents a compelling investment opportunity. Located within the prestigious Backlot Burbank business park, this property is the largest of twelve buildings, offering a rare combination of size and location. Currently 100% leased to Hutchinson Aerospace, a global leader in vibration control, fluid management, and sealing technologies, the tenant has occupied the space since 1994 and has made significant improvements. The lease boasts a weighted average lease term (WALT) of 5.33 years, with current rent 21% below market rates, presenting substantial upside potential. The building features ample dock-high and ground-level loading, 197 auto parking spaces, and heavy power (6,700 amps). Its M2 heavy industrial zoning and flexible design, with loading on all four sides, allows for adaptability and potential multi-tenant occupancy. The property benefits from its location in a highly sought-after submarket within the Greater San Fernando Valley, which has experienced remarkable growth, with 15% average annual rent growth since 2016 and consistently low vacancy rates (1.2% average over 10 years). The Burbank industrial market is characterized by extremely low availability (0.0% in Q2 2024) and a lack of new construction for buildings exceeding 100,000 square feet, making this a truly unique opportunity. The property is offered for sale by owner.

Location Insight

City

Burbank

County

Los Angeles

State

California

Longitude

-118.36

Latitude

34.1932