A 47,056-square-foot industrial property in Burbank, California has sold for $14,980,000. Kidder Mathews brokers Tanel Harunzade and Darrell Levonian represented the seller, a family-owned investment company. The buyer was a local private investor.
Located at 2231-2249 North Hollywood Way, the property is fully occupied and leased to four tenants. It sits on a ±1.64-acre corner lot with high visibility along one of Burbank’s primary commercial corridors.
The building features multiple bays and flexible warehouse and office configurations, making it well-suited for multi-tenant occupancy. It also offers convenient access to key transportation hubs, including Hollywood Burbank Airport and the North Metrolink Station, as well as immediate freeway connectivity to Interstate 5, State Route 134, and U.S. 101.
“When you compare it to recent comps, very few deals offer this combination of infrastructure, visibility, and future density,” said Levonian, Executive Vice President and Managing Director. “That’s what makes this transaction truly stand out.”
“This wasn’t just another closing—it’s a location play backed by real growth drivers,” said Executive Vice President Harunzade. “You have immediate airport proximity and a major mixed-use transformation happening next door, which is exactly what sophisticated investors look for today.”
The property is located next to the planned Burbank Aero Crossings mixed-use campus, which will redevelop the former Fry’s Electronics site into office, retail, and 862 residential units. The surrounding area continues to see new residential and commercial development, contributing to ongoing activity in the immediate vicinity.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
