Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale 2300 W. Olive Avenue in Burbank, California. The subject property is a free-standing retail and office building that is currently vacant and move in ready. This asset consists of an ±1,816 SF of building imbedded on a ±4,807 SF triangle-shaped lot on Olive Avenue. The property is equipped with great signage and impeccable frontage, which is ideal for any potential owner. Due to Burbank’s initiative to attract new business, there is no city income tax and no gross sales receipt tax. This opportunity is ideal for an owner user looking to take advantage of SBA financing with as little as 10% down while owning a retail/office building in one of the most desired submarkets of Burbank!
* Buyer to confirm tax benefits with the city of Burbank
The property is strategically located on Olive Avenue, one of the main thoroughfares of the Burbank submarket providing easy access to and from neighboring cities while only being one mile away from Downtown Burbank. Known as being the “Media Capital of the World” Burbank is home to many well-established media and entertainment companies such as The Walt Disney Company, Warner Brothers Entertainment/Music Group, Cartoon Network, Nickelodeon, Warner Music Group, NBC Universal, ABC, Arri Cameras, Cinelease, Entertainment Partners, JL Fisher and Matthews Studio equipment just to name a few. Surrounded by the 134 and 5 freeway makes Burbank very accessible to neighboring cities such as Glendale, Toluca Lake, North Hollywood and Hollywood.