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217-277 S Lake St 64,413 SF 100% Leased 4-Star Flex Building Burbank, CA 91502 $29,261,906 ($454.29/SF) 7% Cap Rate

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Investment Highlights

10-Year Absolute NNN Lease to Industry-Leading Tenant
MPAA-Approved Production Facility in Burbank Media District
Significant Capital Improvements & Proven Ownership

Institutional-Grade Media Infrastructure (Power, HVAC & Data)
Large 3.08-Acre Site with 179 Parking Spaces

Executive Summary

217-277 South 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.
A former rail spur running along the north side of the property (APN 2451-016-029) (±18,730 SF) is also a part of the offering and substantially increased the parking on site. Positioned on Lake Street, immediately south of Olive Ave, the location offers a prime location within the City of Burbank.
The Property’s strategic location ensures easy accessibility to Burbank, Hollywood, and the broader Los Angeles area. The immediate vicinity is well-connected to major commuter routes, providing swift access to and from the 5 Freeway, as well as being in close proximity to the 101 and 134 Freeways. The site is within easy walking distance to the Burbank Metrolink station. The building is constructed with a combination of Block/Frame & Stucco and appears to be in good condition. Notably, the roof and plumbing systems exhibit good maintenance, and the electrical and HVAC systems also demonstrate excellent functionality.

Property Facts

Price	$29,261,906	Lot Size	3.08 AC
Price Per SF	$454.29	Rentable Building Area	64,413 SF
Sale Type	Investment NNN	No. Stories	1
Cap Rate	7%	Year Built/Renovated	1960/2012
Property Type	Flex	Parking Ratio	2.78/1,000 SF
Property Subtype	Flex Research & Development Flex Light Manufacturing Industrial Warehouse OfficeLoft Creative Space	Clear Ceiling Height	14’
Building Class	A
Zoning	M2, Burbank - M2 (General Industrial) – Burbank Media District zoning supporting production, studio, industrial and related commercial uses.

Price	$29,261,906
Price Per SF	$454.29
Sale Type	Investment NNN
Cap Rate	7%
Property Type	Flex
Property Subtype	Flex Research & Development Flex Light Manufacturing Industrial Warehouse OfficeLoft Creative Space
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 - M2 (General Industrial) – Burbank Media District zoning supporting production, studio, industrial and related commercial uses.

24 Hour Access
Conferencing Facility
Courtyard
Fenced Lot

Fitness Center
Security System
Signage
Reception

Storage Space
Car Charging Station
Monument Signage
Air Conditioning

Fiber Optic Internet
Smoke Detector
Breakroom
Backup Power / Generators

Lighting
Gas
Water
Sewer
Heating

Information
99,999 SF
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Since 1992, Roundabout Entertainment has provided the industry’s Studios, Independent Filmmakers, Television and Distribution leaders with workflow insight and advanced technology start to finish. Roundabout has grown quickly and has become a dominating force in the post production industry. We invest in the latest technology, the securest servers, and a bullet-proof, 40GB, fiber-based, LAN network. We also have more than 130 of the best, most dedicated post-production operators in the business. Roundabout has produced a remarkable amount of dynamic projects with partnerships, lending its expertise from pre-production to post production. Roundabout’s 4K infrastructure and customized pipeline for each project allows us to innovate with content creators and bring images to life with both sound and picture finishing.