This exceptional Class A industrial property, located at 217-277 S Lake Street in Burbank, CA, presents a compelling sale-leaseback opportunity. The 64,413-square-foot facility, built in 1960 and extensively renovated in 2012, sits on a 3.08-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied by a single tenant under a 10-year triple-net (NNN) lease with a 15% rent bump in year six, this property offers a stable, long-term income stream. The asking price is $40,645,000, representing a 6.00% cap rate and a price per square foot of $631.01. The property features seven units, ample parking (2.95 spaces per 1,000 sq ft), and is zoned BCCM. Its strategic location provides easy access to Interstates 5, 101, and 134, as well as the Burbank MetroLink. The building includes state-of-the-art features designed for post-production work, including multiple ATMOS stages, screening theaters, ADR, foley, color grading, and edit bays. The robust infrastructure includes a bullet-proof, 40GB fiber-based LAN network and 78 AC units totaling over 400 tons of cooling capacity. This sale-leaseback transaction offers a secure investment in a world-class facility within the heart of Burbank's media district. The property's seven units are valued at $5,806,428.57 each. The net operating income (NOI) is $2,438,676. APN numbers are 2451-016-021
Highlights
Excellent I-5, Hwy 101, and Hwy 134 access.
Short walk to Burbank MetroLink station.
Modern production/post-production facility in Burbank, a major media center.
Convenient access to Burbank, Hollywood, and greater Los Angeles.
Secure, high-speed (40GB) fiber optic network with on-site data storage.
HVAC system with 78 units totaling over 400 tons, offering zoned climate control.
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Contacts
Christopher Baer
Christopher Bonbright
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217 Lake St, Burbank, California, 91502
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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217 Lake St
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