Burbank Commercial Real Estate is Reaching Historic Heights
Commercial Real Estate in Burbank California is looking like it never has. The area known as a mecca for the entertainment conglomerates in the world due to its history and distance to Hollywood, Studio City and other entertainment friendly towns. Currently, Disney & Warner Brothers call Burbank their corporate home.
According to the Burbank Chamber of Commerce the top 10 employers in Burbank are the following. 7 out of the 10 employers are in the entertainment field:
|Warner Bros. Entertainment, Inc.||5,000||Entertainment|
|The Walt Disney Company||3,900||Entertainment|
|Providence Saint Joseph Medical Center||2,850||Medical|
|Deluxe Shared Services||1,540||Entertainment|
|Crane Co. Hydro-Aire Division||594||Aerospace|
|Senior Aerospace – SSP||590||Aerospace|
Some of the major commercial real estate corridors in the city of Burbank include West/East Bound on Burbank Boulevard. West/East Bound on Magnolia Boulevard. Victory Boulevard. North San Fernando Road, and Hollywood Way which leads to the Burbank Bob Hope Airport.
Some Commercial Properties available for sale in Burbank, CA;
2000 – 2015 N Hollywood Way
- Tenants include Petco, Subway, Dominos, Party City, 7-Eleven, and AT&T cell tower
- Signalized intersection with +/- 55,084 vehicles per day
- Future upside in rents and/or redevelopment potential of C-3 lots
4100 Burbank Blvd
- Recent almost $1 million renovations including new HVAC and upgraded restrooms
- Great Corner Location
- Ample Street Parking
- Gym & Shower
- Price: $5,195,000
2001 Grismer Avenue, Burbank, CA 91504
A two-story apartment building comprised of approximately 11,334 square feet situated on approximately 10,895 square feet of land. There is a subterranean parking garage with two dedicated parking spaces per unit (28 total). The property is zoned R4.
There are a total of 14-units in the building. The building is fully occupied with the exception of one unit, which is currently being rehabbed. The current rents range from $1,750 – $2,090 per month with scheduled increases.
The property is located in Burbank, which is a highly desirable rental market and is known as “the media capital of the world”. It is home to Disney Studios, Warner Brothers, and a number of other large area employers. The city has over 80 restaurants, 30 theaters ,and 200 stores; its residents enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to Bob Hope Airport, Burbank Empire Center, Downtown Burbank, and Burbank Metro Link. 2001 Grismer Avenue provides buyers with stable cash flow and a strong long-term hold opportunity in a prime Burbank location.