Project Description
4411 WEST OLIVE ST | BURBANK | CA
June 5, 2013 – Madison Partners is pleased to announce the sale of 4411 W. Olive in Burbank, CA. The single tenant fully leased property was sold by Centurion Real Estate Partners for $25,500,000. The buyer was Los Angeles based ICO Investment Group Inc. The property tenant, Warner Brothers, has at least 10 years left on its lease.
The property was constructed in 1991 as a build-to-suit for Modern Video Film. It features a secured subterranean parking structure. Features also include a sky lit atrium and outdoor balconies and superior technical infrastructure.
Located in the heart of the Burbank media district, 4411 W. Olive is situated near the Lakeside Country Club, Walk Disney Studios, Warner Brothers Studios and NBC Universal. Numerous amenities in the area include restaurants, hotels, shopping and the Bob Hope Airport.