Kidder Mathews Brokers $14.98M Sale of Fully Leased Burbank Industrial Property
Kidder Mathews has arranged the $14,980,000 sale of a fully leased industrial property in Burbank, California. The 47,056-square-foot asset at 2231-2249 North Hollywood Way traded at approximately $318 per square foot, with a local private investor acquiring the property from a family-owned investment company.
Transaction Details and Property Overview
The industrial asset sits on a roughly 1.64-acre corner lot along one of Burbank's primary commercial corridors and is fully occupied by four tenants. The building features multiple bays and flexible warehouse and office configurations suited for multi-tenant use. Kidder Mathews brokers Tanel Harunzade, Executive Vice President, and Darrell Levonian, Executive Vice President and Managing Director, represented the seller in the transaction, which was announced February 24, 2026.
The property offers access to Hollywood Burbank Airport and the North Metrolink Station, as well as freeway connectivity to Interstate 5, State Route 134, and U.S. 101 — a combination of infrastructure attributes that brokers cited as central to the deal's appeal.
"When you compare it to recent comps, very few deals offer this combination of infrastructure, visibility, and future density," said Levonian. "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 Harunzade. "You have immediate airport proximity and a major mixed-use transformation happening next door, which is exactly what sophisticated investors look for today."
Adjacent Development
The property is located next to Burbank Aero Crossings, a planned mixed-use campus that will redevelop the former Fry's Electronics site. The project is slated to include office, retail, and 862 residential units. Brokers noted that the surrounding area continues to see new residential and commercial development activity.
About Kidder Mathews
Kidder Mathews is an independent commercial real estate firm operating across the Western United States, with more than 900 professionals in 19 offices spanning Washington, Oregon, California, Nevada, and Arizona. The firm provides brokerage, appraisal, asset services, consulting, and debt and equity finance services across all property types. Kidder Mathews reports approximately $9 billion in annual transaction volume and manages more than 54 million square feet of space.