601 South Glenoaks Bldg | 601-607 S Glenoaks Blvd
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601 South Glenoaks Bldg 601-607 S Glenoaks Blvd
74,457 SF 65% Leased Office Building Burbank, CA 91502 $19,500,000 ($262/SF) 7.50% Cap Rate
Investment Highlights
- Multi-Tenant Building will local and national tenants
- Renovated hallways
- Local community based building and tenants
- Stabilized with Value Add Opportunity
Executive Summary
Lee & Associates, as the exclusive advisor and broker, is representing the Owner in the sale of a prime commercial office property in the
downtown section of Burbank, CA.
601 - 607 South Glenoaks Blvd. presents an excellent opportunity for buyers seeking to invest in a core asset in one of Los Angeles’
historically robust submarkets. This multi-tenant office investment property is currently 85% leased, boasting a combination of recent new
leases and lease renewals that contribute to its overall stability. 601 South Glenoaks Blvd demonstrates stable fundamentals with a
diverse tenant roster, which mitigates reliance on any single industry.
Compared to other properties in the Burbank submarket and the broader Los Angeles area, this property exhibits a strong historical and
current occupancy. Moreover, as current rates are below market value there is room for value-add investment by increasing rental rates at
upcoming lease expirations.
The property is offered on a fee simple basis, free and clear of any existing debt, and on an as-is, where-is basis.
downtown section of Burbank, CA.
601 - 607 South Glenoaks Blvd. presents an excellent opportunity for buyers seeking to invest in a core asset in one of Los Angeles’
historically robust submarkets. This multi-tenant office investment property is currently 85% leased, boasting a combination of recent new
leases and lease renewals that contribute to its overall stability. 601 South Glenoaks Blvd demonstrates stable fundamentals with a
diverse tenant roster, which mitigates reliance on any single industry.
Compared to other properties in the Burbank submarket and the broader Los Angeles area, this property exhibits a strong historical and
current occupancy. Moreover, as current rates are below market value there is room for value-add investment by increasing rental rates at
upcoming lease expirations.
The property is offered on a fee simple basis, free and clear of any existing debt, and on an as-is, where-is basis.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
74,457 SF
Building Class
B
Year Built/Renovated
1986/2021
Price
$19,500,000
Price Per SF
$262
Cap Rate
7.50%
NOI
$1,462,500
Percent Leased
65%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
18,614 SF
Slab To Slab
11’
Building FAR
1.47
Lot Size
1.17 AC
Zoning
BUC3* - General Commercial
Parking
250 Spaces (3.36 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Banking
- Bus Line
- Signage
- Natural Light
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 100
- 4,558 SF
- Office
- -
- Now
$2 PSF Moving Allowance 14 Private Offices, Copy Room, File Room, Conference Room, Bullpen, Kitchen, and Break Room, Patio Access Suite 200 is divisible to 2,955 SF and 6,433 SF
- 3rd Fl-Ste 300
- 3,093 SF
- Office
- -
- Now
- 4th Fl-Ste 400
- 3,804 SF
- Office
- -
- Now
- 4th Fl-Ste 401
- 1,682 SF
- Office
- -
- Now
- 4th Fl-Ste 402
- 3,348 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 4,558 SF | Office | - | Now |
| 2nd Fl-Ste 200 | 2,955-9,388 SF | Office | - | Now |
| 3rd Fl-Ste 300 | 3,093 SF | Office | - | Now |
| 4th Fl-Ste 400 | 3,804 SF | Office | - | Now |
| 4th Fl-Ste 401 | 1,682 SF | Office | - | Now |
| 4th Fl-Ste 402 | 3,348 SF | Office | - | Now |
1st Fl-Ste 100
| Size |
| 4,558 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 2,955-9,388 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 3,093 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 3,804 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 401
| Size |
| 1,682 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 402
| Size |
| 3,348 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 200
| Size | 2,955-9,388 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
$2 PSF Moving Allowance 14 Private Offices, Copy Room, File Room, Conference Room, Bullpen, Kitchen, and Break Room, Patio Access Suite 200 is divisible to 2,955 SF and 6,433 SF
Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 2453-030-023 | Improvements Assessment | $14,974,143 |
| Land Assessment | $8,537,884 | Total Assessment | $23,512,027 |
PROPERTY TAXES
Parcel Number
2453-030-023
Land Assessment
$8,537,884
Improvements Assessment
$14,974,143
Total Assessment
$23,512,027
Contacts
-
Scott Romick -
Darren Casamassima -
Lee & Associates Commercial Real Estate Service
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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601 South Glenoaks Bldg | 601-607 S Glenoaks Blvd
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