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217-277 S Lake St 64,413 SF 100% Leased 4-Star Flex Building Burbank, CA 91502 $33,126,686 ($514.29/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant NNN Leased State of the Art production/post production facility
- Easy Accessibility to Burbank, Hollywood, and the broader Los Angeles area
- Bullet-proof, 40GB, fiber-based, LAN network Allows Roundabout to provide secure on-site data storage at a fraction of typical data storage rates
- Easy Access to Interstate 5 , HWY 101 and 134
- Walking Distance to Burbank MetroLink
- 78 packages AC Units equaling over 400 tons Some individual room size (3 tons), in addition to larger Central Units, zoned for individual temperature-
EXECUTIVE SUMMARY
217-277 Lake Street - Owned and operated since 2013 by the Seller, Roundabout Entertainment, the opportunity is recognized as among the best post production facilities of its kind in the world. The property is 100% occupied by Roundabout Entertainment, an industry leading post production company. The building contains a total square footage of ± 64,413 SF and sits on two land parcels spanning ± 3.08 Acres. The project is an MPAA approved facility, containing multiple ATMOS stages, screening theaters, ADR, Foley, color grading and edit bays. The Property will be delivered fully leased to Roundabout Entertainment pursuant to a new ten-year, Triple Net Lease subject to 2% annual increases
Property Video Link: https://www.youtube.com/watch?v=p4Peyb485dc
Property Video Link: https://www.youtube.com/watch?v=p4Peyb485dc
PROPERTY FACTS
| Price | $33,126,686 | Lot Size | 3.08 AC |
| Price Per SF | $514.29 | Rentable Building Area | 64,413 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7% | Year Built/Renovated | 1960/2012 |
| Property Type | Flex | Parking Ratio | 2.78/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | A | ||
| Zoning | M2, Burbank | ||
| Price | $33,126,686 |
| Price Per SF | $514.29 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | A |
| Lot Size | 3.08 AC |
| Rentable Building Area | 64,413 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2012 |
| Parking Ratio | 2.78/1,000 SF |
| Clear Ceiling Height | 14’ |
| Zoning | M2, Burbank |
AMENITIES
- Conferencing Facility
- Courtyard
- Fenced Lot
- Reception
- Air Conditioning
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2451-016-027 | Improvements Assessment | $4,369,680 |
| Land Assessment | $1,872,720 | Total Assessment | $6,242,400 |
PROPERTY TAXES
Parcel Number
2451-016-027
Land Assessment
$1,872,720
Improvements Assessment
$4,369,680
Total Assessment
$6,242,400
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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217-277 S Lake St
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