2221 Olive AVE Burbank, CA 91506

2221 2225 W. Olive Street, located on the corner of W. Olive Avenue and Lincoln Street, is PRICED TO SELL at $2,999,000 with a current 5.42% cap rate and only $401 per SF. The subject property consists of two (2) adjacent parcels and is a well maintained 7,478 SF multi-tenant mixed use building situated on a 10,100 SF lot. 2221 2225 W. Olive Avenue is 100% occupied consisting of ten (10) office suites and five (5) retail storefronts, all on NNN leases and two (2) apartments. All tenants are on M2M or short-term leases well below market. The property is strategically located within close proximity to the 134 Ventura Freeway, which provides easy access throughout the entire San Fernando Valley. With a high demand of multi-tenant buildings in Burbank and very minimal supply, this opportunity is ideal for an investor looking to add value by repositioning the tenants and/or by increasing the rents to fair market value, allowing an investor to conservatively yield a 7.36% return.