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3000 W Empire Ave 60,443 SF Industrial Building Burbank, CA 91504 For Sale
INVESTMENT HIGHLIGHTS
- Premier Development Offering: Three parcels totaling approximately 121,000 square feet of land in the City of Burbank.
- Currently Improved with a ±60,443 SF Industrial Office Building and Two Surface Parking Lots.
- Short-Term Leases in Place.
- No ULA Mansion Tax: The City of Burbank is not subject to the ULA transfer tax!
- Prime Redevelopment Opportunity.
- Ideal for Redevelopment to Multifamily, Self-Storage or Industrial
EXECUTIVE SUMMARY
CBRE, as exclusive agent, is pleased to present a compelling opportunity to acquire three parcels totaling ±121,308 square feet of land located at 3000 & 3001 Empire Avenue and 2220 Fairview Avenue (“3000 Empire“ or “site“) in the heart of Burbank, California.
Currently improved with a functional ±60,443 square foot industrial/office building and surface parking lots, the property is partially owner-occupied with different components leased to third party tenants under short-term leases with owner-cancellation rights, providing flexibility for a future developer to phase out operations as entitlements advance.
Currently improved with a functional ±60,443 square foot industrial/office building and surface parking lots, the property is partially owner-occupied with different components leased to third party tenants under short-term leases with owner-cancellation rights, providing flexibility for a future developer to phase out operations as entitlements advance.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 60,443 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1976 |
| Building Class | C | Parking Ratio | 3.31/1,000 SF |
| Lot Size | 2.78 AC | ||
| Zoning | BUM2* - Limited Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.78 AC |
| Rentable Building Area | 60,443 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 3.31/1,000 SF |
| Zoning | BUM2* - Limited Industrial |
AMENITIES
- Bus Line
- Commuter Rail
- Fenced Lot
- Yard
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,793,924 | |
| Land Assessment | $1,602,409 | Total Assessment | $5,396,333 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,602,409
Improvements Assessment
$3,793,924
Total Assessment
$5,396,333
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3000 W Empire Ave
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