3619 WEST MAGNOLIA BOULEVARD

3619 WEST MAGNOLIA BOULEVARDBURBANK, CA 91505PATRICK LONGVICE PRESIDENTO: 818.956.7001 X134 C: [email protected] #01831830

1111 NORTH BRAND BOULEVARDSUITE 250

GLENDALE, CA 91202STEVENSONREALESTATE.COM

CALDRE #00983560

RETAIL/OFFICE PROPERTYFOR SALE

PATRICK LONG

O: 818.956.7001 X134C: [email protected]



CALDRE #00983560

OFFERING SUMMARY

Sales Price: $11,535,000

Building Size: 15,380 SF

Lot Size: 16,435 SF

Zoning: MPC-1 Magnolia Park

Commercial Retail-

Professional

Parking Spaces: 35

Price/SF: $750.00

APN: 2477-017-027

High image Media Retail and Office property located on the signalized corner of Hollywood Way and Magnolia Boulevardwith an MPSI estimated daily car count of 58,396. The property features excellent street visibility and signage with 140' ofbuilding frontage on Magnolia Boulevard and 110' on Hollywood Way. In addition, the site includes 28 parking spaces viaramp access to the rooftop and 7 spaces on the ground floor. This landmark corner is the gateway to Burbank’s MagnoliaPark with destination eatery Porto’s Bakery and Cafe across the street. Rite Aid, Target, and CVS Pharmacy are alsoadjacent operators in addition to numerous other specialty shops and restaurants. The property is located minutes fromall the major studios including Warner Brothers, Walt Disney Studios and ABC Network, and many other film and televisioncompanies with easy access to the Hollywood Burbank Airport (2 miles north on Hollywood Way). Burbank has positioneditself as a business-friendly city with numerous tax incentives and resources for businesses. Over the years, Magnolia Parkis the site of popular holiday evening and special events.

Locatedminutes from all the major studios including Warner Bros., Walt Disney Studios,

PROPERTY OVERVIEW

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.

RETAIL/OFFICE PROPERTY FOR SALE EXECUTIVE SUMMARY

3619 WEST MAGNOLIA BOULEVARDBURBANK, CA 91505

PATRICK LONG




CALDRE #00983560

Operating Income

Gross Income

Other Income (Retail Triple Net Reimbursements)

Effective Gross Income

Operating Expenses

Insurance

Repairs & Maintenance

Gardening

Janitorial

Janitorial Supplies

Pest Control

Trash

Property Taxes - Projected (1.125% of $11,535,000)

Water

Electrical

Total Operating Expenses

Net Operating Income

Cap Rate

Pro Forma

$638,592

$45,770

$684,362

$4,524

$5,291

$2,363

$12,194

$1,828

$252

$2,627

$129,769

$3,600

$36,568

$199,016

$485,346

4.21%

RETAIL/OFFICE PROPERTY FOR SALE OPERATING STATEMENT


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CALDRE #00983560

RETAIL/OFFICE PROPERTY FOR SALE ADDITIONAL PHOTOS


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RETAIL/OFFICE PROPERTY FOR SALE KAPPA STUDIOS


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CALDRE #00983560

RETAIL/OFFICE PROPERTY FOR SALE FLOOR PLAN - KAPPA STUDIOS, TENANTS & AVAILABLE SPACE - OWNER USER


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CALDRE #00983560

RETAIL/OFFICE PROPERTY FOR SALE FLOOR PLAN - MAGNOLIA BOULEVARD RETAIL


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CALDRE #00983560

RETAIL/OFFICE PROPERTY FOR SALE FLOOR PLAN - HOLLYWOOD WAY RETAIL


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RETAIL/OFFICE PROPERTY FOR SALE PARCEL MAP


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RETAIL/OFFICE PROPERTY FOR SALE LOCATION MAP


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CALDRE #00983560

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 24,535 210,868 509,824

Average age 38.6 36.0 36.6

Average age (Male) 36.8 35.5 36.2

Average age (Female) 40.3 36.4 36.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 10,066 87,982 209,378

# of persons per HH 2.4 2.4 2.4

Average HH income $85,164 $76,719 $81,265

Average house value $621,750 $639,957 $731,084

* Demographic data derived from 2010 US Census

RETAIL/OFFICE PROPERTY FOR SALE DEMOGRAPHICS MAP & REPORT


3619 WEST MAGNOLIA BOULEVARD

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