Office Properties for sale in Burbank, California, offer a unique investment opportunity in the heart of the "Media Capital of the World." With a strong economy driven by the entertainment industry, Burbank is an attractive location for businesses and investors alike. Office Properties in Burbank can represent a range of investments, from single-story buildings to multi-story complexes, each offering a unique opportunity to tap into the city's thriving business community. With amenities like the Hollywood Burbank Airport, major freeways, and public transit options, Burbank provides an ideal environment for businesses to operate and grow. The city's diverse range of companies, including Warner Bros. Entertainment, The Walt Disney Company, and Nickelodeon Animation Studio, make it an attractive location for office space. Additionally, Burbank's strong infrastructure, including the Burbank Water and Power department and the Sustainable Water Use Ordinance, ensure a high quality of life for residents and businesses.
With 37 Office Properties for sale in Burbank, investors have a range of options to choose from. The average price per square foot is $634 USD, and the average size is 24,000 square feet, with the largest property spanning 239,840 square feet. The average cap rate is 5%. In addition to Office Properties, Burbank also offers a range of other commercial properties, including Commercial Real Estate, which can provide a steady stream of income for investors. Apartment Buildings are another option, offering a unique opportunity to tap into the city's growing residential market. Shopping Centers and Hotels are also available, providing a range of options for businesses and investors. Overall, Burbank's diverse range of properties and strong economy make it an attractive location for investment.
What is the average price per square foot for office properties in Burbank?
The average price per square foot for office properties in Burbank is $634 USD, with 37 available listings ranging in size from 24,000 square feet to 239,840 square feet, offering a diverse range of options for businesses and investors in the "Media Capital of the World".
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Burbank, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-end finishes, often attracting top-tier tenants and commanding the highest rents.
- Class B office properties offer functional spaces with standard amenities, located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are often older buildings with limited amenities, located in less desirable areas, and may require renovation, but can offer more affordable options for businesses on a budget.
