Industrial Properties
156 West Verdugo Avenue Burbank, CA 91502
Details & Description
Price: $4,450,000
    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
     Dense Infill Burbank Submarket • Sub 2.50% Market Vacancy Factor & 11.7% YOY Rent Growth
    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
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    Building Size: 7,476 SF
    Lot Size: 0.220 AC
    Land Size: 9,583 SF
    Building $/SF: $595.24
    Land $/SF: $464.36
    Price
    $4,450,000
    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:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 156 West Verdugo Avenue in Burbank?
    The asking price for 156 West Verdugo Avenue is $4,450,000
    What is the building size of this Industrial property in Burbank, CA?
    The size of the building/unit at 156 West Verdugo Avenue in Burbank is 7,476 square feet
    How much land does the Burbank, CA property at 156 West Verdugo Avenue include?
    156 West Verdugo Avenue in Burbank includes 0.220 acres of land
    What kind of Industrial is the propery at 156 West Verdugo Avenue?
    The property at 156 West Verdugo Avenue Burbank, CA 91502 is listed as a Warehouse Industrial property
    What is the population within 1 mile of 156 West Verdugo Avenue in Burbank?
    The population within 1 mile of 156 West Verdugo Avenue Burbank, CA 91502 is 33,435 people.
    Who do I contact for questions about 156 West Verdugo Avenue?
    You should contact the listing agent, Brin Hamblin, for any details regarding this commercial listing.

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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
    Price
    $4,450,000
    Listing Agent
    More listings from Brin Hamblin
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