Contacts

Christopher Baer

Avison Young - US - CA - Los Angeles

Christopher Bonbright

Avison Young - US - CA - Los Angeles

Fischer Cabot

Avison Young

Property Details

Property Type Other
Additional Rent Contact for pricing
Date Updated Dec 17, 2024

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.

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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 Propertys 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.

Getting around

77/100
Walk Score ®
54/100
Transit Score ®
66/100
Bike Score ®

Powered by Walk Score ®

City Burbank, CA
Neighborhood Burbank
Zip Code 91502
Market Los Angeles

Points of Interest

Downtown Burbank

0.31 miles
Burbank Airport–South

2.62 miles
North Hollywood

3.63 miles
Universal City/Studio City

3.69 miles
RideShare Pickup/Dropoff Point

3.87 miles
Glendale

4.69 miles
Hollywood/Western

5.04 miles
Hollywood/Western Station

5.04 miles
Hollywood/Vine

5.09 miles
Hollywood/Vine Station

5.10 miles

Valero

0.34 miles
Shell

0.36 miles
76

0.62 miles
CNG City of Burbank

0.69 miles
Chevron

0.72 miles
Mobil

0.73 miles
ChargePoint

0.74 miles
United Oil

0.75 miles
Chuck's Corner Market 76

0.84 miles
Parking electrique

1.00 miles

Aramark

0.42 miles
Ikea Parking Lot

0.53 miles
RV Parking Lot

1.18 miles
Team Disney Burbank Parking

1.28 miles
Zorro Parking

1.35 miles
Service Parking

1.62 miles
parking structure

1.66 miles
Burbank Studios D-Lot Parking

1.69 miles
Dog Park Parking

2.02 miles
Warner Bros. Studio Tour

2.06 miles

Portofino Inn Burbank

0.22 miles
Residence Inn

0.40 miles
Hotel Burbank

0.45 miles
Hilton Garden Inn

0.52 miles
Providencia Motel

0.53 miles
Springhill Suites Burbank Downtown

0.56 miles
Burbank Inn & Suites

0.61 miles
Safari Inn, a Coast Hotel

0.90 miles
Coast Anabelle Hotel

0.95 miles
Victory Motel Inn

1.13 miles

Sears

0.55 miles
ALDI

0.60 miles
Ross

0.60 miles
Burbank Town Center Mall

0.64 miles
Ralphs

0.66 miles
Macy's

0.68 miles
Grocery Outlet

0.69 miles
Burlington

0.71 miles
Raffi's Market

0.76 miles
Red Top Market and Kitchen

0.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.