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Central Park at Toluca Lake

Off-Market

3500 West Olive Avenue, Burbank, CA 91505

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  • Property Type Office - General Office
  • Property Size 252,978 Sqft
  • Lot Size 1.51 Acre
  • Parking Spaces Avail. 1517
  • Parking Ratio 6.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1984

Location

  • City Burbank, CA
  • Neighborhood Burbank
  • Zip Code 91505
  • Market Los Angeles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 22 Sep, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Burbank

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Burbank Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $44.16
  • 2020 Office Vacancy Rate 7.11%
  • 2020 Office Completions (Sqft)
View more Burbank market trends

Tax

  • Property Tax in 2021-2022 $731,698
  • Market Value $66,742,462
  • Assessed Value $66,742,462

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Central Park at Toluca Lake?

Central Park at Toluca Lake totals 252,978 square feet.

When was this property built?

Central Park at Toluca Lake was built in 1984.

When was Central Park at Toluca Lake last sold?

Central Park at Toluca Lake was last sold on 22 Sep, 2017.

What is the property tax for Central Park at Toluca Lake?

The property tax for Central Park at Toluca Lake in 2021-2022 was $731,698.

What is the market value for Central Park at Toluca Lake?

The market value for Central Park at Toluca Lake in 2021-2022 was $66,742,462.

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