Industrial Properties - For Sale
156 West Verdugo Avenue Burbank, CA 91502
Details & Description
Price: $4,450,000
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 0.220
  • Building Sq Ft 7,476
  • Building Price per Sq Ft $595.24
  • Land Sq Ft 9,583
  • Land Price per Sq Ft $464.36
Marcus & Millichap is pleased to present 156 W Verdugo Avenue in Burbank, CA, a brewery and food processing building totaling approximately 7,476 square feet which is situated on an approximate 0.22-acre parcel of land (“Subject Property”). The underlying zoning is M2 General Industrial, which permits a wide range of commercial and industrial uses. The Subject Property is currently built-out as a fully functioning brewery and licensed food processing facility but will be delivered vacant at close of escrow and could be used for any M2 approved use. Substantial improvements were completed between 2013-2016 including upgrades to the plumbing, electrical, roof, HVAC, as well as necessary seismic retrofitting.Located in the dense and affluent Burbank submarket, just blocks from Downtown, the site enjoys excellent demographics with a population of 511,633 and an average household income of $111,445 within a 5-mile radius. The Subject Property is also within proximity to numerous large employers including multiple entertainment studios, IKEA, the Empire Center, Costco, and more. Additionally, the 5 and 134 Freeways can be easily accessed, and the Burbank Channel Bikeway runs directly behind the property along the Burbank Western Water Channel.
Property Highlights
 Conveniently Located Near Entertainment Studios: Walt Disney, Universal Studios, Warner Bros, Nickelodeon, and more
 Excellent Demographics • 511,633 Population and $111,4445 Average Household Income within a 5-mile Radius
Additional Photos
Listing Agents
Brin Hamblin

O: 818-212-2776
brin.hamblin@marcusmillichap.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

156 West Verdugo Avenue

Burbank, CA 91502

Listing ID: 300980
$4,450,000
For Sale
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 0.220
  • Building Sq Ft 7,476
  • Building Price per Sq Ft $595.24
  • Land Sq Ft 9,583
  • Land Price per Sq Ft $464.36
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Property Highlights
 Over $1.6M Invested in Building Upgrades
 Conditional Use Permit & License for On-Site Alcohol Manufacture Sales and Consumption
 Business Friendly City • No City Income Tax or Gross Sales Receipt Tax
 Clear Height: ~12’ • Power: 400 Amp 3Phase
 One Ground-Level Rollup Door in Front and One Dock-High Rollup Door in Rear
 Dense Infill Burbank Submarket • Sub 2.50% Market Vacancy Factor & 11.7% YOY Rent Growth
 Close Proximity to the 5 & 134 Freeways and Downtown Burbank
 Conveniently Located Near Entertainment Studios: Walt Disney, Universal Studios, Warner Bros, Nickelodeon, and more
 Excellent Demographics • 511,633 Population and $111,4445 Average Household Income within a 5-mile Radius
Description

Marcus & Millichap is pleased to present 156 W Verdugo Avenue in Burbank, CA, a brewery and food processing building totaling approximately 7,476 square feet which is situated on an approximate 0.22-acre parcel of land (“Subject Property”). The underlying zoning is M2 General Industrial, which permits a wide range of commercial and industrial uses. The Subject Property is currently built-out as a fully functioning brewery and licensed food processing facility but will be delivered vacant at close of escrow and could be used for any M2 approved use. Substantial improvements were completed between 2013-2016 including upgrades to the plumbing, electrical, roof, HVAC, as well as necessary seismic retrofitting.

Located in the dense and affluent Burbank submarket, just blocks from Downtown, the site enjoys excellent demographics with a population of 511,633 and an average household income of $111,445 within a 5-mile radius. The Subject Property is also within proximity to numerous large employers including multiple entertainment studios, IKEA, the Empire Center, Costco, and more. Additionally, the 5 and 134 Freeways can be easily accessed, and the Burbank Channel Bikeway runs directly behind the property along the Burbank Western Water Channel.

Traffic Counts

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Los Angeles History of Industrial Properties for Sale

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Burbank Area Market Trends

Listing Demographics for 156 West Verdugo Avenue Burbank, CA 91502

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population33,435156,453498,094
Population Median Age414140
Population by Age0-9 Yrs2557 (7%)15466 (9%)46869 (9%)
10-19 Yrs3163 (9%)15284 (9%)44918 (9%)
20-29 Yrs5092 (15%)22167 (14%)77781 (15%)
30-39 Yrs6267 (18%)24196 (15%)88642 (17%)
40-49 Yrs4581 (13%)21978 (14%)69576 (13%)
50-59 Yrs4244 (12%)22006 (14%)67415 (13%)
60-69 Yrs3330 (9%)17616 (11%)52675 (10%)
70+ Yrs4199 (12%)17740 (11%)50220 (10%)
Median HH Income$58,144$75,112$70,143
Total Household Income< 24K3921 (26%)11891 (19%)40895 (20%)
25-49K2544 (17%)9383 (15%)34710 (17%)
50-74K2409 (16%)9549 (15%)31750 (15%)
75-99K1774 (12%)7328 (11%)23878 (11%)
100-199K2926 (20%)15727 (25%)48030 (23%)
200K+1053 (7%)7834 (12%)23129 (11%)
Highest Education LevelNo Diploma30631071346286
Diploma or GED44502113067091
Some College52752358168836
Assoc. Degree28911136633975
Bachelors Degree698233618110488
Higher Degree30541569050074
Total Housing Units15,41465,701219,220
--Owner-Occupied3,14524,70866,440
--Renter-Occupied11,48237,005135,952
Owner-Occupied Values< 100K47249853
100-199K22169391
200-299K302211064
300-399K1437142918
400-499K31115376147
500K+25922181855068
Total Working Age Population29,187132,020424,140
In Work Force18,60786,190284,384
Not In Work Force10,58045,830139,757
Workforce Employed17,35779,940263,463
Workforce Unemployed1,2066,15620,654
Civlian Workforce18,56486,095284,117
Military Workforce4395266
Total Households14,62861,713202,392
Family Households7,51937,377111,945
Non-Family Households7,10924,33690,447
Married Couple5,04427,12979,131
Other Family2,47510,24832,814
Married w/Child1,73810,88330,681
Single Male w/Child2329122,985
Single Female w/Child7182,5267,975

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Los Angeles County9,519,338+39,818,605+610,369,367+410,759,850

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Los Angeles International Airport (LAX) 17
Ontario International Airport (ONT) 41
John Wayne Airport-Orange County Airport (SNA) 43
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