4510 W Vanowen St | Burbank, CA 91505
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4510 W Vanowen St
Burbank, CA 91505
Industrial Property For Sale
Investment Highlights
- High Quality Industrial Building Totaling 100,217 SF.
- M2 heavy industrial zoning.
- Flexible design with loading on all four sides of the building could easily accommodate up to six tenants.
- Ample dock high and ground level loading.
- Heavy power - 6,700 amps.
- 100% Leased to Hutchinson Airspace Through March 2030.
Executive Summary
CBRE, Inc., as an exclusive broker, is pleased to offer for sale 4510 W. Vanowen St. (the “Property”), a high quality industrial building totaling 100,217 SF in Burbank, CA. The Property is the largest of 12 buildings in Backlot Burbank, a rare business park setting. The well-located building is 100% leased to Hutchinson Aerospace, a global leader in vibration control, fluid management and sealing technologies. Hutchinson has been in the building since 1994 and has made substantial investments in improvements for their manufacturing. Current rent is 21% below market and there are 5.33 years of weighted average lease term remaining.
This is a rare opportunity in the highly coveted Greater San Fernando Valley. The submarket has recorded 15% average annual rent growth since 2016 and has maintained 1.2% average industrial vacancy for 10 years.
This kind of product is vastly under-supplied in the city of Burbank, which recorded 0.0% availability and 0 SF under construction for industrial buildings 100K+ SF in Q2 2024.
This is a rare opportunity in the highly coveted Greater San Fernando Valley. The submarket has recorded 15% average annual rent growth since 2016 and has maintained 1.2% average industrial vacancy for 10 years.
This kind of product is vastly under-supplied in the city of Burbank, which recorded 0.0% availability and 0 SF under construction for industrial buildings 100K+ SF in Q2 2024.
PROPERTY FACTS
Amenities
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 2412-031-031 | Improvements Assessment | $7,119,634 |
| Land Assessment | $23,141,550 | Total Assessment | $30,261,184 |
PROPERTY TAXES
Parcel Number
2412-031-031
Land Assessment
$23,141,550
Improvements Assessment
$7,119,634
Total Assessment
$30,261,184
zoning
| Zoning Code | M2 (Industrial) |
| M2 (Industrial) |
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