217-277 S. Lake Street, Burbank

Investment Overview

Avison Young is pleased to present the opportunity to acquire 217-277 Lake Street. The property which was converted to a seven (7) unit condominium project in 2012 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. Owned and operated since 2013 by the Seller, Roundabout Entertainment, the opportunity is recognized as among the best facilities of it’s kind in the world. The Property will be delivered fully leased to Roundabout Entertainment pursuant to a new ten-year, Triple Net Lease.

Investment Highlights

• TENANCY: The property will be offered on a sale/leaseback basis to Roundabout Entertainment on a 10-year lease, with a market rent of $3.15/SF NNN. Projections indicate a 6% cap rate, with a sales price of $631/SF.
• FEATURES: 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.
• AREA: 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.