BURBANK, Calif.--(BUSINESS WIRE)--Captiva Partners, in a partnership with a private investor, has purchased a 47,000 square foot flex industrial property located in Burbank, California, for $11 million.
Located at 1101, 1103 and 1117 West Isabel Street, the 1.9-acre property is comprised of three buildings that are fully leased to Technicolor and Starburns Industries, tenants in the media and entertainment industry. The property is located nearby to Downtown Burbank and Interstate 5, in close proximity to major studios and media companies, including The Walt Disney Company, Warner Bros., and Netflix.
Captiva Partners is a real estate investment and operating company based in Los Angeles, California, that is focused on value-add investment strategies. Last year, Captiva acquired a 189,000 square foot creative campus in Atwater Village, and the firm is under construction on a 100,000 square foot adaptive reuse office campus in Glendale that is scheduled for delivery later this year.
