3014 Floyd Street | Burbank, CA

Status: For Sale
Property Type: Single Tenant NNN Industrial Investment
Price: $2,890,000
Building Area: 8,050 SF
Cap Rate: 6.02%
Cash on Cash: 6.72%

www.3014Floyd.com

Investment Opportunity

Marcus & Millichap, as exclusive advisor, is pleased the present the opportunity to acquire 3014 Floyd Street, (“the Property”), an 8,050 square foot single tenant, net-leased industrial property located in Burbank, CA, the “Media Capital of The World.” This investment offers an extremely well located industrial asset 100% NNN-leased through 2025 to TopBuild, Inc. (NYSE: BLD, S&P BB), one of the world’s leading global insulation companies with a market cap of $5.12 Billion.

3014 Floyd Street represents a unique opportunity for investors to acquire a passive, net-leased, in-fill industrial investment with five years of remaining lease term in a market experiencing rapid appreciation. The Property is located just minutes from the Hollywood Burbank Airport, the Golden State (I-5) Freeway, and the transformational Avion Burbank project, a 1.3 Million square foot industrial, creative office, retail, and hotel development. 3014 Floyd Street benefits from incredibly strong market fundamentals, a prime Los Angeles County location, and secure income from a seasoned tenant with over 35 years of occupancy history in the building.