217-277 S Lake St
Burbank, CA 91502 Rancho Adjacent

• Unit Size: 19,667 SF
• Condo Use: Industrial
• Price: $9,621,212 USD
• Sale Type: Investment
• Price/SF: $489.21 USD

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.

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

• Unit Size: 9,760 SF
• Condo Use: Industrial
• Price: $4,769,706 USD
• Sale Type: Investment
• Price/SF: $488.70 USD

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

• Unit Size: 9,738 SF
• Condo Use: Industrial
• Price: $4,761,882 USD
• Sale Type: Investment
• Price/SF: $489.00 USD

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.