2221 – 2225 W. Olive Avenue is located on the corner of W. Olive Avenue and Lincoln Street. The subject property consists of two adjacent parcels and is a well maintained ±7,478 SF multi-tenant mixed use building situated on a ±10,100 SF lot. 2221 – 2225 W. Olive Avenue is 100% occupied consisting of ten (10) office suites and five (5) retail storefronts, all on NNN leases with the exception of the two (2) large ±900 SF studio apartments. All tenants are on M2M or short-term leases well below market and every tenant is current on their rent. The property is strategically located within close proximity to the 134 Ventura Freeway, which provides easy access throughout the entire San Fernando Valley. With a high demand of multi-tenant buildings in Burbank and very minimal supply, this opportunity is ideal for an investor looking to add value by repositioning the tenants and/or by increasing the rents to fair market value, allowing an investor to make nearly a 7.94% return!
This property is nestled in the heart of the highly desired submarket of 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 freeways make Burbank very accessible to neighboring cities such as Glendale, Toluca Lake, North Hollywood and Hollywood.
