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217-277 S Lake St 19,667 SF Industrial Condo Unit Offered at $13,065,606 CAD in Burbank, CA 91502
1 Unit Available
Unit 217/227
| Unit Size | 19,667 SF | Sale Type | Investment |
| Price | $13,065,606 CAD | Cap Rate | 6.50% |
| Price Per SF | $664.34 CAD | NOI | $849,264.41 CAD |
| Condo Use | Industrial | APN/Parcel ID | 2451-016-021, 2451-016-022 |
| Unit Size | 19,667 SF |
| Price | $13,065,606 CAD |
| Price Per SF | $664.34 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $849,264.41 CAD |
| 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.
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
Property Facts
| Total Building Size | 64,413 SF | Typical Floor Size | 64,413 SF |
| Property Type | Flex (Condo) | Year Built | 1960 |
| Property Subtype | Flex Research & Development | Lot Size | 3.08 AC |
| Building Class | A | Parking Ratio | 2.78/1,000 SF |
| Floors | 1 | ||
| Zoning | M2, Burbank - M2 (General Industrial) – Burbank Media District zoning supporting production, studio, industrial and related commercial uses. | ||
| Total Building Size | 64,413 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 64,413 SF |
| Year Built | 1960 |
| Lot Size | 3.08 AC |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | M2, Burbank - M2 (General Industrial) – Burbank Media District zoning supporting production, studio, industrial and related commercial uses. |
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
Presented by
217-277 S Lake St
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