CBRE Facilitates $5.8M Sale of Creative Office Property in Burbank
CBRE has announced the successful sale of a 20,347-square-foot office property located at 400 South Victory Boulevard in Burbank, California. The asset was acquired by a private buyer for $5.8 million. CBRE’s Gerard Poutier, Mark Shaffer, Anthony DeLorenzo, and Dylan Rutigliano represented the seller, Creative Arsenal LLC, in the transaction.
The three-story building delivers a rare combination of creative office space integrated with production and post-production facilities. Located just minutes from Hollywood Burbank Airport, the property also offers immediate access to both Interstate 5 and the 134 Freeway, enhancing its appeal to users within the entertainment industry.
“This was a unique owner-user offering in the market highlighted by state-of-the-art post-production infrastructure combined with a new tenant roster, allowing a user to occupy the top floor while benefiting from in-place cash flow,” said Poutier. “Its turnkey condition, high-image design, and proximity to major studios and amenities made it a compelling opportunity for an owner-user or investor seeking a best-in-class asset in the heart of the entertainment capital of the world.”
