10717 Vanowen St Burbank, CA 91505
- Warehouses
- 36,407 SF
Current Use by Public Records
- Warehouses
Property Details for 10717 Vanowen St
- Year built
- 1977
- Property size
- 36,407 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This core industrial investment opportunity presents a 36,407 square foot warehouse located at 10717 Vanowen Street, Burbank, CA 91505. The property, built in 1977 and boasting M2 zoning, is currently 100% occupied by a single tenant under a NNN lease expiring January 31, 2029, with a remaining lease term of 4.2 years. The asking price is $14,000,000, representing a 6.00% cap rate and a price per square foot of $384.54. The property features two dock-high doors and two ground-level loading doors, ample parking for 61 vehicles, and a rare 100% HVAC system. The warehouse has undergone earthquake retrofitting. The tenant, Pacific Title Archives, a film and video media asset management company, has occupied the space since 2008 and requires the temperature-controlled environment provided. This mission-critical location within Burbank's Media District offers unparalleled access to major entertainment companies and is adjacent to Hollywood Burbank Airport and Interstate 5. The property benefits from a strong industrial market with low vacancy rates and significant rent growth, providing a compelling investment opportunity with a long-term, creditworthy tenant. The property has 1,200 amps of power. The Net Operating Income (NOI) is $840,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Los Angeles
- State
- California
- Longitude
- -118.365
- Latitude
- 34.1945
