3115 WEST OLIVE AVENUEBURBANK, CA 91505GINO GAUDIOBROKER ASSOCIATEO: 818.956.7001 X164 C: [email protected] #00444286
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDINGFOR SALE
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFERING SUMMARY
Sales Price: $2,700,000
Building Size: 4,000 SF
Lot Size: 4,142 SF
Parking: 24 Total Spaces
(2 On-Site
& 22 Shared)
Year Built: 1942
Zoning: MDC-2 Media District
Limited Commercial
Price/SF: $675.00
Owner-user opportunity. This is a very nice, intimate office building located in the prestigious Media District across thestreet from NBC Studios at West Alameda Avenue and West Olive Avenue. The building is very close to the new TalariaDevelopment project currently under construction between West Alameda Avenue and West Olive Avenue. The Talariaproject is a mixed-use residential and retail development with 241 rental units, a 42,950 square foot Whole Foods grocerystore, and 760 parking spaces on a 3.86 acre site. Property is eligible for SBA financing if Buyer occupies 51% of thebuilding within a year of close of escrow.
PROPERTY OVERVIEW
Cross street is West Alameda Avenue; north of the 134 Freeway near the Hollywood Way off-ramp.
DISCLAIMER: All information provided herein together with any projections or other data has been furnished from sourceswhich we deem reliable, but for which we assume no liability, expressed or implied. Interested parties are to conductindependent investigation and verification of all information including but not limited to condition of the property,compliance or lack of compliance with applicable governmental requirements, development potential or suitability,financial performance of the property, projected financial performance of the property, any party’s intended use or anyand all other matters.
LOCATION OVERVIEW
OFFICE BUILDING FOR SALE EXECUTIVE SUMMARY
3115 WEST OLIVE AVENUEBURBANK, CA 91505
BUILDING DETAILS
Gross Building Square Feet (per Assessor’s Information): 4,000 square feet Price: $2,700,000 Price/Gross Square Foot of Building: $675.00 per square foot Load Factor: 17% Net Rentable Square Feet: 2,955 square feet Usable Square Feet: 2,525 square feet Gross Annual Income: $98,745.00 NOI (Estimate): $81,014.00 CAP Rate (Estimate): 3.00% Suite Sizes and Tenant Terms:
LeaseSuite NRSF Usable SF Expiration Option to Extend
1&6 969 828 09/30/19 None2 157 134 Owner7 438 374 09/30/19 None
10 594 508 05/31/19 None12 185 158 09/30/19 None
111 98 84 10/31/19 None201 514 439 06/30/21 2 Year
Total 2,955 2,525
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDING FOR SALE FLOOR PLAN
3115 WEST OLIVE AVENUEBURBANK, CA 91505
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDING FOR SALE ADDITIONAL PHOTOS
3115 WEST OLIVE AVENUEBURBANK, CA 91505
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDING FOR SALE ADDITIONAL PHOTOS
3115 WEST OLIVE AVENUEBURBANK, CA 91505
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDING FOR SALE AERIAL MAP
3115 WEST OLIVE AVENUEBURBANK, CA 91505
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
OFFICE BUILDING FOR SALE PARCEL MAP
3115 WEST OLIVE AVENUEBURBANK, CA 91505
OFFICE BUILDING FOR SALE LOCATION MAP
3115 WEST OLIVE AVENUEBURBANK, CA 91505
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
GINO GAUDIO
O: 818.956.7001 X164C: [email protected]
1111 NORTH BRAND BOULEVARDSUITE 200
GLENDALE, CA 91202STEVENSONREALESTATE.COM
CALDRE #00983560
POPULATION 1 MILE 2 MILES 3 MILES
Total population 19,381 63,907 174,903
Median age 39.3 38.8 37.1
Median age (Male) 38.2 37.6 36.4
Median age (Female) 40.5 39.8 37.6
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 9,019 27,783 77,399
# of persons per HH 2.1 2.3 2.3
Average HH income $84,508 $87,752 $81,195
Average house value $600,750 $635,177 $686,500
* Demographic data derived from 2010 US Census
OFFICE BUILDING FOR SALE DEMOGRAPHICS
3115 WEST OLIVE AVENUEBURBANK, CA 91505