Burbank Office for Sale
Avison Young has been exclusively retained to market for sale 1420 West Olive Avenue in Burbank, California. The property is a highly visible, 13,600 square foot, single-tenant, freestanding office building located in the heart of Burbank. Positioned at a prominent six-way intersection with dual access points from both Olive and Verdugo Avenues, the asset benefits from exceptional ingress and egress, ample on-site parking, and excellent street visibility with clear lines of sight.
The property is fully leased under a newly executed 15-year term through the U.S. General Services Administration (GSA) for use as a Social Security Administration (SSA) branch office, underscoring the government’s long-term commitment to this location. The lease is backed by the full faith and credit of the United States of America, which holds a Aa1 credit rating from Moody’s Investors Service. The GSA is widely regarded as one of the most reliable tenants in the market, with historically strong renewal rates. This branch, which was consolidated from other branches, is known as the Media Cities Social Secuirty Administration Office, it provides a multitude of services (including appeals, added in 2018) to a large geographic area.
This well-maintained, single-tenant net leased asset is located within one of Burbank’s most desirable submarkets, where institutional-quality buildings of this size and profile rarely come to market. The property offers convenient access to Hollywood, Glendale, and the greater San Fernando Valley, and is surrounded by a robust mix of retail, dining, and lifestyle amenities. This offering represents a rare opportunity to acquire a premier, credit-backed investment in a highly supply-constrained core market.
