217-277 S. Lake Street, Burbank

217-277 S. Lake Street, Burbank, CA 91502

  • For Sale $40,645,000
  • Property Type Other
  • Additional Rent Contact for pricing
  • Date Updated Dec 15, 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.

Contacts

broker
Christopher Baer

Avison Young - US - CA - Los Angeles

broker
Christopher Bonbright

Avison Young - US - CA - Los Angeles

broker
Fischer Cabot

Avison Young

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    66/100 Bikeable
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

  • Sub King

    0.15 miles

  • Nu Great Wok

    0.19 miles

  • Subway

    0.19 miles

  • Centanni

    0.20 miles

  • Frank's Steak House

    0.21 miles

  • Açaí Jungle

    0.30 miles

  • Giamela's Submarine Sandwiches

    0.33 miles

  • Casitas Taco Al Carbon

    0.38 miles

  • Black Angus

    0.39 miles

  • BJ's

    0.39 miles

  • Disney Elementary School

    0.40 miles

  • Jordan Middle School

    0.67 miles

  • Bellarmine-Jefferson High School

    0.80 miles

  • Burbank Evening School

    0.85 miles

  • John Burroughs Senior High School

    0.87 miles

  • Burbank High School

    0.90 miles

  • Jefferson-Bellarmine Elementary School

    0.91 miles

  • Methodist School

    0.97 miles

  • LILA International school of Los Angeles

    1.01 miles

  • LILA

    1.02 miles

  • Mary Alice O'Connor Family Center

    1.22 miles

  • Disney Children's Center

    1.35 miles

  • Disney Day Care

    1.66 miles

  • Komitas

    5.33 miles

  • Playhouse 4 Kids

    5.38 miles

  • Neighborhood Nursery School

    5.63 miles

  • Vine Street Early Education Center

    5.92 miles

  • Morning Star Education Center

    7.38 miles

  • Coldwater Preschool

    8.01 miles

  • Beverly Glen Playgroup Inc.

    8.88 miles

Frequently Asked Questions

How much does 217-277 S. Lake Street, Burbank cost?

The space currently listed for sale at 217-277 S. Lake Street, Burbank asks for $40,645,000.

What is the total square footage of 217-277 S. Lake Street, Burbank?

217-277 S. Lake Street, Burbank totals 64 square feet.

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