The Burbank Collection

100-116 E. Palm Avenue, Burbank, CA 91502

Property Overview

KBS Strategic Opportunity REIT is participating as a 90% joint venture partner in the $12,800,000 acquisition of The Burbank Collection, a Class A1 retail mixed-use property in Burbank, Calif., totaling 39,428 square feet. Developed in 2008, the Burbank Collection is ideally located within the Burbank Entertainment Village on a retail promenade directly across from the entrance to the fourth highest grossing multiplex AMC theater in the country.

The collateral includes 10 occupied units, one vacant anchor space in shell condition, and one vacant 4,000-square-foot retail space. The rent roll boasts several high quality tenants, such as Pinkberry, Johnny Rockets, Sketchers, Panera Bread, Verizon and Barney’s Beanery. The collateral also includes a 487-stall, underground parking structure, which is offered free to the public.

Investment at a Glance

Location: Los Angeles, CA

Property Type: Class A Retail Mixed-Use

Acquisition Date: December 12, 2012

Purchase Price: $12,800,000

Square Footage: 39,428 SF

Year Built: 2008

Leased Percentage (at the time of Acquisition): 57%

$12,800,000 Total Purchase Price
39,428 square feet Total Rentable Area
Class A Building Class