Welcome to this turnkey office building in the heart of Burbank!
$2,499,000
521 S Victory Blvd Burbank CA 91502
Conveniently located on Victory Blvd between Verdugo and Alameda, this beautiful space offers 3,296 SF with 10 parking spaces. The property consists of two units. 521 Victory is a large approximately 2210 square foot space that has 6 different private offices, 3 “phone booths” for privacy, a conference room, a huge common area space, two bathrooms including a shower, and a fully equipped kitchen with high speed internet and Wi-Fi built in. 525 Victory is approximately 1086 square feet, and has already been leased at over $3/SF, with yearly increases. Perfect opportunity for an owner-user who can take advantage of SBA financing. Easy access to the 5 and 134 freeway and proximity to the Hollywood Burbank Airport and train lines make this property ideal. Market rents would put this space at a GRM of approximately 15.66 and a 5 cap. Completely redone and perfect for a business that is looking to move in and get started, this is a unique opportunity to purchase a newly renovated building in an exciting corridor of Burbank.
Please reach out to Will Tiao at (323) 363-1096 or email will@tiaoproperties.com
