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217-277 S Lake St 9,738 - 19,667 SF Industrial Condo Units Offered at $4,761,882 - $9,621,212 Per Unit in Burbank, CA 91502
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 2451-016-021, 2451-016-022 |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 2451-016-021, 2451-016-022 |
Description
217 & 227 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 condos contain a total square footage of ± 19,666 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.
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.
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.
Sale Notes
-10-Year Absolute NNN Lease to Industry-Leading Tenant
-Institutional-Grade Media Infrastructure (Power, HVAC & Data)
-MPAA-Approved Production Facility in Burbank Media District
-Large 3.08-Acre Site with 179 Parking Spaces
-Significant Capital Improvements & Proven Ownership
-Institutional-Grade Media Infrastructure (Power, HVAC & Data)
-MPAA-Approved Production Facility in Burbank Media District
-Large 3.08-Acre Site with 179 Parking Spaces
-Significant Capital Improvements & Proven Ownership
| Sale Type | Investment | APN/Parcel ID | 2451-016-023 |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 2451-016-023 |
Description
237 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 condo contain a total square footage of ± 9,754 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.
Sale Notes
-10-Year Absolute NNN Lease to Industry-Leading Tenant
-Institutional-Grade Media Infrastructure (Power, HVAC & Data)
-MPAA-Approved Production Facility in Burbank Media District
-Large 3.08-Acre Site with 179 Parking Spaces
-Significant Capital Improvements & Proven Ownership
-Institutional-Grade Media Infrastructure (Power, HVAC & Data)
-MPAA-Approved Production Facility in Burbank Media District
-Large 3.08-Acre Site with 179 Parking Spaces
-Significant Capital Improvements & Proven Ownership
| Sale Type | Investment | Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
Description
247 S 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 total project contains a total square footage of ± 64,413 SF in seven (7) separate, legal condominiums and sits on two land parcels spanning ± 3.08 Acres. This offering consists of one (1) condominium consisting of ± 9,738 SF. 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 217/227 | 19,667 SF | Industrial | $9,621,212 ($489.21/SF) | $625,378.78 |
| Unit 237 | 9,760 SF | Industrial | $4,769,706 ($488.70/SF) | $310,030.89 |
| Unit 247 | 9,738 SF | Industrial | $4,761,882 ($489.00/SF) | $309,522.33 |
Unit 217/227
| Unit Size |
| 19,667 SF |
| Condo Use |
| Industrial |
| Price |
| $9,621,212 ($489.21/SF) |
| NOI |
| $625,378.78 |
Unit 237
| Unit Size |
| 9,760 SF |
| Condo Use |
| Industrial |
| Price |
| $4,769,706 ($488.70/SF) |
| NOI |
| $310,030.89 |
Unit 247
| Unit Size |
| 9,738 SF |
| Condo Use |
| Industrial |
| Price |
| $4,761,882 ($489.00/SF) |
| NOI |
| $309,522.33 |
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Unit 217/227
| Unit Size | 19,667 SF |
| Condo Use | Industrial |
| Price | $9,621,212 ($489.21/SF) |
| NOI | $625,378.78 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 2451-016-021, 2451-016-022 |
| Description | |
| 217 & 227 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 condos contain a total square footage of ± 19,666 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.<br> <br> Positioned on Lake Street, immediately south of Olive Ave, the location offers a prime location within the City of Burbank.<br> <br> 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.</li></ul> | |
| Sale Notes | |
| -10-Year Absolute NNN Lease to Industry-Leading Tenant<br> -Institutional-Grade Media Infrastructure (Power, HVAC & Data)<br> -MPAA-Approved Production Facility in Burbank Media District<br> -Large 3.08-Acre Site with 179 Parking Spaces<br> -Significant Capital Improvements & Proven Ownership</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 237
| Unit Size | 9,760 SF |
| Condo Use | Industrial |
| Price | $4,769,706 ($488.70/SF) |
| NOI | $310,030.89 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| APN/Parcel ID | 2451-016-023 |
| Description | |
| 237 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 condo contain a total square footage of ± 9,754 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.</li></ul> | |
| Sale Notes | |
| -10-Year Absolute NNN Lease to Industry-Leading Tenant<br> -Institutional-Grade Media Infrastructure (Power, HVAC & Data)<br> -MPAA-Approved Production Facility in Burbank Media District<br> -Large 3.08-Acre Site with 179 Parking Spaces<br> -Significant Capital Improvements & Proven Ownership</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 247
| Unit Size | 9,738 SF |
| Condo Use | Industrial |
| Price | $4,761,882 ($489.00/SF) |
| NOI | $309,522.33 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Description | |
| 247 S 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 total project contains a total square footage of ± 64,413 SF in seven (7) separate, legal condominiums and sits on two land parcels spanning ± 3.08 Acres. This offering consists of one (1) condominium consisting of ± 9,738 SF. 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.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 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
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
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Street
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217-277 S Lake St
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