SBH Real Estate Group Acquires Vacant Retail Building in Burbank, CA for $3.65 Million
By: DB&R Marketing Communications, Inc.
Located on a 22,406-square-
"This asset has everything going for it," said Silverman. "It is a high-visibility asset on a well trafficked intersection, with an existing drive thru in the heart of Burbank, which will be attractive to a wide variety of potential retail tenants."
Originally built in 1974, the asset is situated on a main thoroughfare leading to and from the downtown Burbank shopping and dining district, with excellent street visibility. It includes two monument signs at the northeast and southwest corners of the property.
Located one mile west of the 1-5 Freeway in Burbank, the property provides a parking ratio of 4.5: 1,000 square feet, totaling 24 parking stalls.
This is SBH's second retail acquisition in Burbank in the past two years. The firm paid $5.25 million for a 29,050-square-
Lee Shapiro of Kennedy Wilson brokered the transaction.
About SBH Real Estate Group:
SBH Real Estate Group is a Los Angeles-based real estate investment firm specializing in the acquisition and disposition of value-add retail properties throughout Southern California and is known for its skill at closing quickly on high-opportunity deals.
DB&R Marketing Communications, Inc.