Key facts
Year Built | 1982 |
Building Area Gross |
|
Occupancy | 93.0 % |
Property description
JLL, as exclusive advisor, is pleased to offer to qualified investors an
opportunity to acquire the 100% fee simple interest in 21041 Burbank
Blvd. in Warner Center (“The Property” or “21041 Burbank Blvd.”), a
highly desirable and well-located low-rise office building featuring
two investment grade (S&P: AA+) tenants backed by the United
States of America and with 8 years of remaining firm term.
Investment highlights
93% leased to the U.S. Federal Government (S&P: AA+) with 7.8 years of WALT
• Highly specialized improvements including 3 courtrooms and 5 chambers
that will strongly boost tenant stickiness
• Already approved, high-density development plan in addition to market
transformation via Warner Center 2035 Specific Plan and Adler’s
redevelopment of the Warner Center Corporate Park
• Low rise profile is complementary to current tenant trends
• Great local demographics that boost the quality of tenancy in the
immediate market
• Immediate access to 4 major freeways and walking distance to metro
orange line
• Easy access to the 101 freeway via ramps on both De Soto Ave and
Canoga Ave
• One of LA’s most sought-after destinations comprised of alluring residential
neighborhoods, vibrant shopping centers, and thriving business districts.
• One of Los Angeles’ largest employment hubs featuring tech, life sciences,
and medical tenancy