Post-Production Studio
217 - 277 S Lake Street Burbank CA Burbank, CA 91502
217 - 277 S Lake Street Burbank CA, Burbank, CA, 91502
Contact for pricing
For Sale
Contact for pricing
Renovated in 2012 and fully occupied by Roundabout Entertainment under a new 10-year triple net lease.
Property Size64,413 SF
Lot Size3.08 Acres
Price / SF$454.29
Days on Market709
Property Features for 217 - 277 S Lake Street Burbank CA
General Information
- Standard status
- Active
- Size
- 64,413 SF
- Lot size
- 3.08 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing agency
Avison Young - North Los Angeles
(818) 939-1259
Listed by
Christopher Bonbright · License #00823957
Source
Crexi
Added: Aug 12, 2024 Updated: Jul 21 at 4:50AM Checked: Jul 21 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - North Los Angeles
Investment Insights
Based on property information with market context.
Renovated in 2012, this post-production studio facility is 100% occupied by Roundabout Entertainment under a new 10-year triple net lease. The building totals approximately ±64,413 SF on two land parcels totaling approximately ±3.08 acres. The project is MPAA approved and includes multiple ATMOS stages, screening theaters, ADR, foley, color grading, and edit bays.
The property is located at 217–277 S Lake Street in Burbank, CA (91502). Operated by the tenant since 2013, it is being offered as a fully leased acquisition.
The offering is recognized as a specialized, production-focused environment with purpose-built studio spaces designed to support end-to-end post-production workflows.
The property is located at 217–277 S Lake Street in Burbank, CA (91502). Operated by the tenant since 2013, it is being offered as a fully leased acquisition.
The offering is recognized as a specialized, production-focused environment with purpose-built studio spaces designed to support end-to-end post-production workflows.
Key Highlights
- Renovated in 2012 and fully leased to Roundabout Entertainment (post production company).
- ±64,413 SF building on ±3.08 acres across two land parcels.
- MPAA approved facility with multiple ATMOS stages and screening theaters.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.16M | $33.60 |
| − Vacancy | −$324.6k | −$5.04 |
| EGI | $1.84M | $28.56 |
| − OpEx | −$459.9k | −$7.14 |
| NOI | $1.38M | $21.42 |
64,413 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$19.71M
$17.25M – $23.00M
NOI $1,379,726 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,304.97M
$1,141.85M – $1,522.46M
NOI $91,347,809 @ 7.0% cap · market cap 312.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Voiceover Academy
Training Center
Aura Sound & Color
Vocational School
Encore Voices | Dubbing ...
Translation Service
Roundabout Entertainment
Media Distribution
Matthew James
Recording Studio
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FAQs
What type of property is this?
Creative space - Renovated in 2012 and fully occupied by Roundabout Entertainment under a new 10-year triple net lease.
Where is this creative space located?
The property is located at 217 - 277 S Lake Street Burbank CA Burbank, CA.
What is the asking price?
The asking price for this property is $29,261,906.
What are key features of this property?
This property features: Renovated in 2012 and fully leased to Roundabout Entertainment (post production company).; ±64,413 SF building on ±3.08 acres across two land parcels.; MPAA approved facility with multiple ATMOS stages and screening theaters.
