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E N T E RTA I N M E N T P R O D U C T I O N FA C I L I T Y
10,000 SF Building For Sale with Rental Income
2 0 2 1 - 2 0 2 5 N . L I N C O L N S T. Chad Gahr, SIOR
Senior Vice President
818.742.1626 • cgahr@naicapital.com
Burbank, CA 91504 CA BRE Lic. #01230414
David H. Young
Senior Vice President
Confidential Offering Memorandum 818.742.1651 • dyoung@naicapital.com
CA BRE Lic. #00914504
No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to
any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm
the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may
be trademarks of their respective companies. NAI Capital, Inc. CA BRE Lic. #01990696.
Table of Contents 2021-2025 Lincoln St.
Burbank, CA
I Executive Overview
II Property Information
Property Highlights
Media Facility Features
Location Overview
Building Photos
III Area Information
Burbank Overview
San Fernando Valley East Overview
Retail Map
Exclusive Advisors
Chad Gahr, SIOR
Senior Vice President
818.742.1626
cgahr@naicapital.com
CA BRE Lic. #01230414
David H. Young
Senior Vice President
818.742.1651
dyoung@naicapital.com
CA BRE Lic. #00914504
I Executive Summary
Executive Summary
NAI Capital, Inc., is proud to present a prime owner-user/investment opportunity to purchase a unique Investment Summary & Rental Income
and hard to find Media Entertainment Production Facility. 2021-2025 N. Lincoln Street, Burbank is a
10,000 square foot media production facility with office and warehouse space.
2021-2025 N. Lincoln Street
Address
Burbank, CA
The property consist of two (2) units, each with their own separate address and separately metered
utilities. The property is situated on an approximately 13,038 square foot parcel of land zoned BUM2, Price $4,950,000
with parking for approximately 11 vehicles. Each unit has its own ground level loading door accessed off
the rear of the building. The building also includes a ground level loading door in the front of the building Building Size 10,000 SF
as well as one in the rear. The building’s Interior clearance height ranges from 12 feet (at the bottom of
the bow truss), to 20 feet (in between the trusses). Price/SF $495
2025 N. Lincoln Street is a 4,900 square foot, state-of-the-art media production facility with an Rental Income $14,495/mo
advanced soundproofed stage with Parabolic 45° radius floors providing optimum sound and Cyclorama
backdrops. The building is equipped with encrypted High speed Internet access and fiber optics which Lot Size 13,038 SF
are conveniently located throughout the facility via Wi-Fi internet routers and 20 hard-wired receptacles.
The space includes 15 tons of quiet remote controlled HVAC, an 18 foot ultra-high grid, pre-lit with day Property Type/Zoning Industrial/M2
light balanced fixtures, dedicated 20 amp circuit (hospital-grade receptacles) surround the perimeter of
the studio and are embedded in acoustical absorbent quilted walls with a .95 NRC sound rating. The Property Sub-type Flex Space
space also includes hair and make-up facilities, a talent suite with private shower and kitchenette which
are luxuriously appointed with quartz countertop and stainless steel appliances. Additional Sub-Types Manufacturing, Warehouse
2021 N. Lincoln Street provides 5,100 square feet of flex office and warehouse space. Property Use Type Vacant/Owner-User
With virtually no inventory of quality single or multi-tenant industrial/flex properties in the immediate No. of Stories 1
area, 2021-2025 N. Lincoln Street offers a unique opportunity to acquire a high quality media production
building in one of Burbank’s most desirable location. Year Built 1948 (fully renovated in 2015)
2021-20 25 N LINCOLN S T RE E T 4
II Property Information
Investment Overview Industrial / Flex
Burbank, CA
10,000 SF Flex Building For Sale with 4,900 SF State-of-the-Art Digital Filming & Production Stage
• 5,100 SF Office Warehouse Unit Available for Owner/User
• ±4,900 SF Media Production Facility With Sound Stage (Leased to Tenant @ $14,495 / Month Industrial Gross)
• Recent Building Improvements - New Roof, Parking Lot, HVAC, Power Panels and Landscaping in 2015
Asking Price $4,950,000.00 ($495.000 / SF)
Building Size 10,000 Square Feet
Parcel Size 13,068 Square Feet
Year Built 1948 (Fully Renovated in 2015)
Construction Concrete Block
Zoning BUM2
Clearance 12’ minimum interior clearance height which bows to 20’ in the center of the building
Loading 2 ground level loading doors measuring (14’x 10’) and (8’x 8’)
Parking 11 reserved parking spaces (5 of which are committed to the Tenant)
Structural Concrete Block
Lavatories 5
Electrical Service for 2025 N. Lincoln: 400 Amps; 120-240 Volt; 3 Phase
Electrical Service
Electrical Service for 2021 N. Lincoln: 200 Amps; 120-240 Volt; 1 Phase
Electric/Water Burbank Water and Power
2021-202 5 N LINCOL N S T RE E T 4
Media Facility Features (4,900 SF) Industrial / Flex
Burbank, CA
2025 N. Lincoln Street is a ±5,000 square foot
Media Production Facility which includes the
following features:
• An advanced soundproofed stage with Parabolic 45° radius
floors providing optimum sound and Cyclorama backdrops.
• Permanent overhead double lane Cyclorama track contours
the stage and offers the ability to hang theatrical draperies.
• 15 tons of quiet remote controlled HVAC.
• 18 foot ultra-high grid, pre-lit with day light balanced fixtures.
• Dedicated 20 amp circuit (hospital-grade receptacles) surround
the perimeter of the studio and are embedded in acoustical
absorbent quilted walls with a .95 NRC sound rating.
• A 3-phase 600 amp company switch provides power to
the Stage’s power distribution boxes which can fan out
with either bates and/or socapex adapters.
• Hair and Make-up facilities include shampoo bowl station
and four back lit LED mirrors and seating booths.
• A talent suite with private shower and kitchenette are
luxuriously appointed with quartz countertop and stainless
steel appliances.
• A private green room boasts a 65” Samsung flat screen
with DirectTV and video conference capabilities as
well as an acrylic light grease board to present visual
demonstrations.
• Encrypted High speed Internet access and fiber optics
are conveniently located throughout the facility via Wi-Fi
internet routers and 20 hard-wired receptacles.
Property Video: http://youtu.be/9GkOUboZogQ
2021-202 5 N LINCOL N S T RE E T 4
Site Plan (10,000 SF) Industrial / Flex
Burbank, CA
2021 N. Lincoln St. 2025 N. Lincoln St.
LINCOLN STREET
2021-202 5 N LINCOL N S T RE E T 4
Location Overview Industrial / Flex
Burbank, CA
Located in the epicenter of the Burbank
Gl media productionuniverse, 2021-2025 N.
Lincoln Street offers easy access from almost
en
St anywhere. Minutes from the Burbank Airport
oa
n
do
ks
el
210 and major freeways. Located in close proximity
Bl
Sh anyon Rd
La Tuna C to the following amenities:
vd
5 La Tuna • All major studios - Warner, Disney/ABC, Universal/
Sun Valley
Canyon Park NBC, Paramount and CBS
Roscoe Blvd • Bob Hope Airport
Strathern St • Courtyard LA Burbank Airport
Vineland Ave
Coldwater Cyn Ave
• Extended Stay America
Saticoy St
• Best Buy
• Lowe’s Home Improvement
Sherman Way
Ke
Bob Hope Airport nn • Target
et
N h
Vanowen St 3r Rd • Costco
Vano d
w en S St
170 t
Valley • Starbucks
North
Glen Victory Blvd Hollywood 5
Victory Blvd
Whitsett Ave
Oxnard St Blv
d Burbank
b ank G
le
Bur
Cahuenga Blvd
no
La
ak
Sa s B
nk
n l
Fe vd
ers
e
Chandler Blvd
Av
rn
him
an
e
Magnolia Blvd d
iv
Av e o
Blv
Valley Village
Ol
go Rd
Ver
du Av e
d
eda
Riverside Dr A lam
101 134
101
Moorpark St
Toluca Lake Los Angeles Zoo
2021-202 5 N LINCOL N S T RE E T 4
Property Aerial Industrial / Flex
Burbank, CA
N Lincoln St
N Lincoln St
2021-202 5 N LINCOL N S T RE E T 4
Property Aerial Industrial / Flex
Burbank, CA
e
Av
p i re SITE
Em
W
e
NL
e re Av
inco
ln S
t
Kenm
2021-202 5 N LINCOL N S T RE E T 4Location Maps Industrial / Flex
Burbank, CA
Thornton Ave San Fernando
210
5 Mission Hills
118
23,000 ADT
Shadow Hills
Arleta
North Hills
Fl
oy Panorama City
d 5
St 210
405
Kenmore Ave 170
Van Nuys North
Hollywood
Burbank 2
Buena Vista St
Keystone St Valley Village
101 134
Sherman Oaks 134
Glendale
N Lincoln St
Universal City
Eagle Rock
2
101
405 West Hollywood
21,000 ADT Empire Ave Hollywood Silver
Lake
Beverly Hills
Central LA 5
2
Brentwood Century City Los Angeles
Downtown
10
10
Santa Monica Culver City Crenshaw
110
187 Vernon
2021-202 5 N LINCOL N S T RE E T 4Interior Building Photos Industrial / Flex
Burbank, CA
2021-202 5 N LINCOL N S T RE E T 4Interior Building Photos Industrial / Flex
Burbank, CA
2021-202 5 N LINCOL N S T RE E T 4Interior Building Photos Industrial / Flex
Burbank, CA
2021-202 5 N LINCOL N S T RE E T 4III Area Information
Burbank Overview Industrial / Flex
Burbank, CA
B U R B A N K is a part of the Tri-Cities market, which includes the cities of Burbank,
Office Glendale and Pasadena. Although Burbank and Glendale are considered part of the
$3.50 12.0%
San Fernando Valley and Pasadena is considered part of the San Gabriel Valley, these
$3.40 10.0% cities are regarded as part of a distinct sub region. These three neighboring cities are
$3.30 8.0%
often grouped together because they tend to have more in common with each other
$3.20 6.0%
$3.10 4.0% than with other cities in the San Fernando Valley or San Gabriel Valley.
$3.00 2.0%
2015 Q3
2015 Q4
2016 Q1
2016 Q2
2016 Q3
2016 Q4
2017 Q1
2017 Q2
2017 Q3
Burbank has over 12.7 million square feet of office space in its inventory and an
empty construction pipeline as of 1Q 2018. Vacancies remain low for Los Angeles,
Vacancy Asking Rent ($/SF)
with Burbank’s office vacancy rate totaling 9.4% compared to 9.7% for the Tri-Cities
and 11.3% for Los Angeles County overall. Rents have grown over the year, with the
average asking rent rising 7.7% from 1Q 2017 to $3.35/SF. Rental rates are projected
Industrial
to continue growing throughout 2018.
$1.50 3.0%
$1.30 2.4%
$1.10 1.8% Burbank’s industrial market totals just over 9.4 million square feet of industrial space
$0.90 1.2%
and vacancy remains extremely low at 2.0%. The vacancy rate is down 50 basis points
$0.70 0.6%
$0.50 0.0% over 4Q 2017 and is up 50 basis points over 1Q 2017 and remained one of the lowest
2015 Q3
2015 Q4
2016 Q1
2016 Q2
2016 Q3
2016 Q4
2017 Q1
2017 Q2
2017 Q3
rates in the nation. The average asking rent for industrial space was $1.56/SF NNN
as of 1Q 2018, up 2.0% from 4Q 2017 and up 18.2% from 1Q 2017. This rate was
Vacancy Asking Rent ($/SF)
nearly twice the asking rent for industrial space in Los Angeles County, which averaged
$0.82/SF overall in 1Q 2018.
Flex Burbank’s flex market totals more than 1.0 million square feet of space and is
$2.50 5.0%
considerably smaller than the other two product types. Vacancy remains low in the
$2.20 4.0%
$1.90 3.0% flex market, as the vacancy rate totaled 4.8% in 1Q 2018, up 40 basis points from 1Q
$1.60 2.0% 2017, and the asking rent averaged $1.70/SF.
$1.30 1.0%
$1.00 0.0%
2015 Q3
2015 Q4
2016 Q1
2016 Q2
2016 Q3
2016 Q4
2017 Q1
2017 Q2
2017 Q3
Vacancy Asking Rent ($/SF)
2021-202 5 N LINCOL N S T RE E T 4Burbank Overview Industrial / Flex
Burbank, CA
Burbank is the fifteenth most populous city in Los Angeles County. As of the 2010 census the population Burbank Top Employers
was 103,340. Burbank is bordered by Griffith Park to the south, Glendale to the southeast, North Hollywood and
Studio City to the West, and the Verdugo Mountains to the northwest. It is the easternmost city in Los Angeles’ San
Fernando Valley.
Rank Employer Employees
Burbank is often referred to as the “media capital of the world.” It is located northeast of Hollywood and is home
to numerous entertainment companies, media outlets and production facilities. Some of the most significant
1 Warner Bros. Entertainment 5,000
companies housed in Burbank include The Walt Disney Company, Warner Bros. Entertainment, Nickelodeon
Animation Studios, ABC, Cartoon Network and Insomniac Games.
2 The Walt Disney Company 3,900
Several transportation arterials connect Burbank with the surrounding Los Angeles region and beyond. Interstate
5 cuts through the middle of the city, heading south to San Diego and extending north through and Northern
Providence St.
California to the Pacific Northwest. California State Route 134 lays at Burbank’s southern edge and connects 3 2,850
Joseph’s Hospital
U.S. 101 with I-210 and State Route 210 to the San Gabriel Valley. Hollywood Burbank Airport, previously known
as Bob Hope Airport, serves the northern Greater Los Angeles area with passenger, cargo and military flights.
4 Bob Hope Airport 2,200
The airport estimates it serves between four and five million passengers a year. Burbank offers several rail and
bus options, including Burbank Bus that serves the city. Metrolink trains from the Ventura County and Antelope
Valley lines stop in Downtown Burbank with an additional stop at Burbank Airport for the Ventura County line. Burbank Unified
5 1,800
School District
The population of Burbank was estimated to be 108,025 in 2017 according to ESRI estimates. Estimated
average household income for the city is $96,218 and average household size is 2.48. There are approximately 6 City of Burbank 1,600
18,000 owner occupied housing units and 25,000 renter occupied units. Burbank’s population is expected to
grow at a rate of 0.6% per year, reaching approximately 111,360 residents by 2022. 7 Deluxe Shared Services 1,540
8 ABC Inc. 951
9 Nickelodeon Animation 602
10 Crane Co. Hydro-Aire Division 594
Source: City of Burbank, Comprehensive Annual
Financial Report 2015-2016
2021-202 5 N LINCOL N S T RE E T 4San Fernando Valley East Industrial / Flex
Burbank, CA
The San Fernando Valley is an urban enclave of insurance, healthcare, biotechnology, education,
Los Angeles County home to approximately 1.8 and the most notable on the eastern end of the
million residents. It stretches roughly from the Santa San Fernando Valley and Burbank is the heart of
Susana Mountains to the northwest, the Simi Hills entertainment, television, and filmmaking. Universal
to the west, the Santa Monica Mountains and Chalk Studios Hollywood, Universal Music, The Walt
Hills to the south, the Verdugo Mountains to the east, Disney Company, Warner Brothers, DreamWorks,
and the San Gabriel Mountains to the northeast. NBC, Pratt & Whitney, Intuit, Farmers Insurance,
Approximately 80 percent of the San Fernando Health Net, Anheuser Busch, Nickelodeon Animation
Valley falls within the boundaries of the City of Los Studios, and CBS Studios all call the Valley home.
Angeles. The eastern portion of the Valley comprises A highly educated workforce, well-developed
many neighborhoods including Arleta, Mission Hills, infrastructure, hospitable climate, and business-
North Hollywood, Pacoima, Sun Valley, Sunland, friendly municipal governments have combined to
Sylmar, Studio City and Tujunga; the independent facilitate the establishment of more than 50,000
cities of Burbank, Glendale and San Fernando; and small businesses as well.
unincorporated Universal City.
Investment in transit and housing have been
In 2017, the population of the eastern portion of transforming the San Fernando Valley over the past
the San Fernando Valley was 752,083, according to several years. There are 37 multifamily apartment
Esri. This is an increase of 5.1% from the population projects under construction in the San Fernando
counted in the 2010 census. Furthermore, Esri Valley totaling 3,910 units, of which 22 projects
estimates that the population will grow approximately and 2,337 units are underway in the East Valley.
0.67% per year over the next five years to reach Los Angeles County Metropolitan Transportation
777,677 residents in 2022. The population is diverse, Authority has integrated portions of the San Fernando
with 57.6% identifying as White, 2.7% as Black, Valley with transit projects, including Metro’s Red
10.6% as Asian, 4.85 as multiracial and 23.6% as Line, the Orange Line and Metrolink stations in
another race. Among all races, 52.2% identify as Chatsworth, Van Nuys, Northridge, North Hollywood,
Hispanic. The current median household income Burbank, Glendale, San Fernando and Sun Valley.
is $57,168 and the average household income is The East San Fernando Valley Transit Corridor is in
$80,915. This is expected to reach $63,588 and the planning phase and would connect the Metro
$92,054 respectively in 2022. orange Line in Van Nuys to the Sylmar/San Fernando
Metrolink Station. Construction on the project would
The San Fernando Valley is a dynamic economic begin in 2021 for a 2027-29 opening date.
engine with a wide range of industries including
2021-202 5 N LINCOL N S T RE E T 4Burbank Retail Map Industrial / Flex
Burbank, CA
Burbank Empire Center
BURGER
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301 S. FLOWER ST. 62021-2025 N. Lincoln Street Burbank, CA Exclusive Advisors Chad Gahr, SIOR David H. Young Senior Vice President Senior Vice President 818.742.1626 818.742.1651 cgahr@naicapital.com dyoung@naicapital.com CA BRE Lic. #01230414 CA BRE Lic. #00914504
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