217 Lake StBurbank, CA 91502

Property Details for 217 Lake St

Year built

1939

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

11,950 SF

Zone code

BUM1*

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

2451-013-018

APU

2451013018

Description

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

• Alternative Use

  Use

  Valuation

  Residential

  $4,458,136

  Hospitality

  $4,083,628

  Educational

  $3,397,531

  Medical

  $3,514,377

  Retail

  $5,285,048

Location Insight

City

Burbank

County

Los Angeles

State

California

Latitude

34.1766

Longitude

-118.316

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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