Post-Production Studio
For Sale
Contact for pricing
217 - 277 S Lake Street Burbank CA, Burbank, CA 91502
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 Market756
Property Features for 217 - 277 S Lake Street Burbank CA
General Information
Standard status
Active
Size
64,413 SF
Class
A
Lot size
3.08 Acres
Property subtype
Industrial
Zoning
BCCM
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$2,048,333
Additional Details
Cap Rate
7%
Building Details
Year Built
1960
Year Renovated
2012
Stories
1
Units
7
Tenancy
Single
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Bonbright · License #00823957
(818) 939-1259
Source:
Crexi
Added: Aug 12, 2024
Changed: Aug 16
Last Checked: Sep 5 at 9:24PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,379,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,594,520
$27.6M
Cap Rate 7%
$19,710,371
$19.7M
Cap Rate 9%
$15,330,289
$15.3M
Market Conditions
NOI Build-Up for 64,413 SF
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.
Gross rent
$2.16M $33.60/SF
− Vacancy
−$324.6K −$5.04/SF
EGI
$1.84M $28.56/SF
− OpEx
−$459.9K −$7.14/SF
NOI
$1.38M $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,594,520
Cap Rate 7%
$19,710,371
Cap Rate 9%
$15,330,289
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 91502, CA
11,665
Population
5,734
Households
2
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
8,973
Density / Sq Mi
$61,443
Median Household Income
$46,046
Median Earnings
$1,899
Median Rent
$946,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
