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On behalf of the owner, HFF is marketing for sale The Burbank Collection, a 39,508-square-foot retail center located along San Fernando Boulevard in the heart of the entertainment district in Burbank, California. The property is part of a larger, mixed-use development that is anchored by a 16-screen AMC Theatre and includes 118 fully-leased luxury condominiums and a variety of complementary entertainment-driven tenants.
The retail property for sale benefits from a high influx of daily visitors, as more than 10 million people visit downtown Burbank annually. The Burbank Collection boasts a Walk Score® of 89, and its unique selection of retail and restaurant amenities, coupled with its well-designed layout, provides its millions of visitors with a premier lifestyle center experience that solidifies its presence in this thriving market. The 90-percent-occupied retail center is home to a variety of tenants, including Panera Bread, Sketchers, Pinkberry, The Boiling Crab, Steak 'n Shake, Barney's Beanery and Yard House.
The commercial property for sale is located at 250 N. 1st Street and 100-152 East Palm Avenue just off Interstate 5. With more than 150,000 residents within a three-mile radius of the property, the tenants occupying the retail building recognize the exceptional volume of sales and consistent consumer demand. The property is being delivered unencumbered by debt, providing an investor to take full advantage of the low interest rates and enhanced leverage returns.
The Burbank Collection offers potential buyers the opportunity to acquire one of the most highly-visited retail destinations in the Burbank entertainment district. For more information on this or other commercial real estate listings in Southern California, contact Gleb Lvovich or Bryan Ley in HFF’s Orange County and Los Angeles offices. For debt guidance, contact Greg Brown.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker license with the California Department of Real Estate, License Number 01385740