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616 S Victory Boulevard
Burbank, CA 91502

Price: $3,800,000 Zoning: BUC4*
Bldg SF: 8,020 SF Price/SF: $474
Land SF: 14,878 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $3,800,000
Bldg SF: 8,020 SF
Land SF: 14,878 SF
Price/SF: $474
Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Value-Add Signalized Corner Mixed-Use Retail & Creative Office Building in the Heart of Hollywood, CA

  • Current rents are significantly below market, creating an unrivaled value-add opportunity in the heart of Hollywood, CA
  • Current Rents average $1.11 per square foot
  • Ground floor retail rents average $1.14 per square foot
  • Second story creative office rents average $1.08 per square foot
  • 100% Current Occupancy
  • 70% of the current leases are expiring within the next three years

 

Prime Hollywood, CA Location

  • Prime Hollywood, CA Signalized Corner Location
  • SW signalized corner of Santa Monica Boulevard and Cole Avenue
  • Just minutes from Paramount Pictures, Sunset Gower Studios, and a host of other Studios
  • Centralized Hollywood, CA location with direct freeway access
  • Excellent visibility and frontage
  • Just minutes to world-renowned Sunset Boulevard and the Hollywood Walk of Fame

 

Hollywood, CA is a World-Renowned Southern California Sub-Market Experiencing Tremendous Growth

  • Hollywood is a larger-than-life symbol of the entertainment business
  • Millions of tourists visit Hollywood, CA annually, drawn to its iconic landmarks, world-renowned nightlife and eclectic mix of dining and shopping options
  • Significant residential, office, retail and hotel development is occurring in the immediate area
  • Over 5,332 residential units currently under development
  • Hollywood is home to some of the world’s most prominent entertainment and production companies such as Netflix, Viacom, Live Nation, CNN, and many others

 

Dense Immediate Sub-Market with Strong Underlying Demographics

  • Over 43,000 people within one mile of the subject property and close to one million people located within five miles
  • Strong average household income of $82,127 within one mile and $93,000 within three miles
  • Over 26,000 households within one mile and over 416,000 households within five miles
  • Vibrant residential market, with a median single family home value of almost $1 million in the immediate area