308 W Verdugo Ave 308 W Verdugo Ave Burbank, CA 91502

For more information contact:

Cindy Hill, CCIM Senior Vice President 818.846.1611 [email protected] 00885625

Mark Maccalupo Senior Associate 818.432.1601 [email protected] 01930952

● Legendary Production Office Building located in the Media Capital of the World

● Sale Includes: Production Office with 16,500 Sqft on a 21,522 Sqft Gated Lot with approximately 24 Parking Spaces

● Current Tenants Paying Above Market Rents Until October 31, 2017; Improvements On-Site as Recent as 2016

● Priced to Sell at $5,100,000 | $309 per Sqft!

● This property can be purchased with or without an additional parking lot with appx 24 spaces on Victory Blvd zoned C-4

Phone: 818-432-1500 ● Fax: 818-432-1501 ● 4061 Laurel Canyon Blvd. ● Studio City, CA 91604 ● www.valleyapartmentsales.com 308 W Verdugo Ave Burbank, CA 91502 REAL ESTATE INVESTMENT

Analysis Analysis Date June 2017

Property Property 308 W Verdugo Ave Property Address 308 W Verdugo Ave Burbank, CA 91502 Year Built 1980

Purchase Information Financial Information Property Type Commercial All Cash Purchase Price $5,100,000 Tenants 1 Total Rentable Sq. Ft. 16,500

Loans Type Debt Term Amortization Rate Payment LO Costs All Cash

Income & Expenses Contact Information

Gross Operating Income $648,888 Cindy Hill, CCIM Monthly GOI $54,074 818.846.1611 Total Annual Expenses ($84,890) [email protected] Monthly Expenses ($7,074) 00885625

Mark Maccalupo 818.432.1601 [email protected] 01930952

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 EXECUTIVE SUMMARY

ACQUISITION COSTS

Purchase Price, Points and Closing Costs $5,100,000 Investment - Cash $5,100,000

INVESTMENT INFORMATION

Purchase Price $5,100,000 Price per Tenant $5,100,000 Price per Sq. Ft. $309.09

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $648,888 Total Vacancy and Credits $0 Operating Expenses ($84,890) Net Operating Income $563,998 Debt Service $0 Cash Flow Before Taxes $563,998

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes 11.06%

Debt Coverage Ratio N/A Capitalization Rate 11.06% Gross Income / Square Feet $39.33 Gross Expenses / Square Feet ($5.14) Operating Expense Ratio 13.08%

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 PRO FORMA SUMMARY

INCOME Actual Per SF Market Per SF Gross Potential Rent $564,000 $34.18 $366,300 $22.20 Less: Vacancy $0 $0.00 $0 $0.00 Misc. Income $84,888 $5.14 $84,888 $5.14

Effective Gross Income $648,888 $39.33 $451,188 $27.34

OPERATING EXPENSES Actual Per SF Market Per SF Building Insurance $6,765 $0.41 $6,765 $0.41 Taxes - Real Estate $78,125 $4.73 $78,125 $4.73 Total Expenses ($84,890) ($5.14) ($84,890) ($5.14)

Net Operating Income $563,998 $34.18 $366,298 $22.20

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 PRO FORMA SUMMARY

TENANT MONTHLY SCHEDULED INCOME Tenant Actual Market Original Productions $47,000 $30,525 TOTALS $47,000 $30,525

ANNUALIZED INCOME Actual Market Gross Potential Rent $564,000 $366,300 Less: Vacancy $0 $0 INVESTMENT SUMMARY Misc. Income $84,888 $84,888 Price: $5,100,000 Effective Gross Income $648,888 $451,188 Year Built: 1980 Less: Expenses ($84,890) ($84,890) Net Operating Income $563,998 $366,298 Tenants: 1 RSF: 16,500 Price/RSF: $309.09 ANNUALIZED EXPENSES Lot Size: 32,281 sf Actual Market Floors: 2 Building Insurance $6,765 $6,765 APN: 2451-022-032 Taxes - Real Estate $78,125 $78,125 Cap Rate: 11.06% Market Cap Rate: 7.18% Total Expenses $84,890 $84,890 Expenses Per RSF $5.14 $5.14

Misc. Income represents Tenants NNN Payment of Property Taxes and Insurance.

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 PROPERTY DESCRIPTION

Legendary Production Location Media Capital of the World

KW Commercial is pleased to represent the sale of the Legendary Production Office that created the new chapter and cultural phenomena of Docudrama TV. 308 W Verdugo has has been the Headquarters to Original Productions, where Emmy Nominated and Emmy Awarded titles including Deadliest Catch, Axmen, Storage Wars, Monster Garage, Ice Road Truckers, Biker Build-off, Jay Leno's Garage and 1000 Ways to Die were created. Legends in the TV and Film industry have walked these halls, Voice Overed in its Studios and finaled countless hours of programming in its Edit Bays along the 'Green Mile'.

The Offering includes the 2 story 16,500 Sqft building (APN 2451-022-032) on a gated and secured lot of 21,522 Sqft with approximately 24 parking spaces. The site location is Zoned C-4 in the City of Burbank. The current tenants are on a NNN lease due to expire at the end October 31,2017 and are paying $47,000 per month a plus Taxes, Insurance and Maintenance. The Property is in excellent condition and has had upgrades and improvements as recent as last year. Buyers looking for an Owner / User space can take advantage of this above market lease rate and immediately recapture a portion of their investment with a quick close. Property can be purchased with or without additional 10,729 Sqft Parking Lot, Appx 24 spaces on Victory Blvd, Zoned C-4 (Additional Lot Priced at $1,100,000).

Building Details Based on Current Use: 25 Offices 7 Studio / Office 4 Executive Offices 2 Conference Rooms 3 Large Open Work Areas 14 Edit Bays 5 Recording Studio & 1 Voice Over Booths 7 Bathroom 1 Kitchen 1 Reception 5 Storage/ Vaults & 1 Electrical Room

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 PROPERTY PHOTOS

Front Entrance Side Entry W Verdugo

Reception Conference

Open Staff Lounge Area Kitchen

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. A 4

PRECISION PROPERTY 7'-9" 14'-3" 7'-4" 11'-4" 10'-11" 3'-11" 11'-10" 11'-0" MEASUREMENTS

OFFICE OFFICE 3626 E. PACIFIC COAST OFFICE HIGHWAY | 2ND FLOOR OFFICE OFFICE 10'-6" 7'-11"

12'-1" 9'-3" I-BM LONG BEACH CA | 90804 T 562.621.9100 OFFICE F 888.698.2966 WWW.PPMCO.NET

17'-10" OFFICE 9'-2" 6'-7" 24'-9" 8'-1" 9'-6" 7'-10" 19'-8"

OFFICE 9'-9" 12'-10"

OFFICE 6'-0" A BETTERBETTER PLAN OFFICE 9'-4"

MAIL PREPARED FOR 5'-11"

OFFICE 16'-3" 16'-7"

OFFICE OFFICE OFFICE 9'-7" 10'-6"

RESTROOM 6'-4" 18'-10" 9'-2" 10'-6" 10'-4" 11'-10" W/D 15'-2" 9'-9" 9'-7" THOM BEERS

16'-5" 3'-9"

PROJECT TYPE

UP ENTRY 5" RECORDING STUDIO RECORDING 8'-5" DN STUDIO FLOOR PLAN 1 1 2" 12'-0" STUDIO STUDIO 20'-3" 10'-6" KITCHEN 11'-10" 3'-7" 11'-10" 5'-0" 26'-0"

8'-5" 8'-5" 4'-1" PROJECT NAME 7'-4"

STORAGE 16'-0"

UP 1 11'-4" 3 2" RECORDING STUDIO VERDUGO

9'-2" STUDIO STUDIO

UP 10'-5" STREET PROJECT 1 5'-0" 3 2" 9'-11" 11'-8" 5'-0" 11'-1" 4'-11" 12'-7" 5'-9" 8'-5" 8'-5"

RECORDING RECORDING PROJECT ADDRESS STUDIO STUDIO 12'-5" UP 1 3 2" VAULT

9'-7" OFFICE OFFICE 7'-5" 7'-8" ELECTRICAL 10'-11" 18'-0" 6'-2" 7'-0" 7'-2" 308 WEST VERDUGO UP STREET 6" BURBANK, CA 91502

4'-5" 4'-4" B 4 UP 159" 5'-6" All plans created by Precision Property Measurement Ltd "PPM" are made exclusively 9'-4" STUDIO for landscaping purposes (Cal. Bus. & Prof. VAULT Code §8727). All plans created by PPM do not STUDIO involve the determination of any property line, 12'-4" and as such do not constitute land surveying (Cal. Bus. & Prof. Code §§8726-8727). In DN 2'-5" addition, PPM services and plans do not 1 UP 3 4" RESTROOM constitute civil engineering (Cal. Bus. & Prof. Code §§6702-6704), and thus should not be 159" 9'-0" 16'-2" 10'-6" 22'-5" 4'-3" 5'-6" 3'-11" used for any studies or activities defined as civil engineering (Cal. Bus. & Prof. Code §6731). PPM makes every reasonable effort to ensure the accuracy of the information found in our plans. In the event that our plans are used for reasons other than those for which they are specifically intended, PPM shall not be held liable for any damages or any claims 3'-0" arising out of such use. Furthermore, PPM shall not be held liable for any damages or

any claims arising out of the use of our plans 7'-2" 9'-8" 9'-4" 9'-6" 9'-5" 7'-3" unless such damage or claim is caused by our negligence. Measurements should be field confirmed before commencing construction.

OFFICE OFFICE OFFICE OFFICE OFFICE OFFICE 10'-4"

9'-9"

6'-2"

SCALE 3 16" = 1'-0" STUDIO PROJECT 20'-1" 20'-6" 14240

APPROVED BY RR 7'-7"

OFFICE DATE OFFICE OFFICE OFFICE 10'-3" 4/24/17 OFFICE OFFICE OFFICE SHEET OFFICE 13'-4" 11'-1" 10'-5" 8'-1" 8'-2" 8'-1" 1 of 6 8'-1" CLG = CEILING HEIGHT 8'-1" COUNTER UPPER CABINET FULL HEIGHT CABINET 8'-11" 8'-0" 8'-0" 3'-8" PRECISION PROPERTY BUILDING OUTLINE MEASUREMENTS

3626 E. PACIFIC COAST HIGHWAY | 2ND FLOOR LONG BEACH CA | 90804 T 562.621.9100 F 888.698.2966 WWW.PPMCO.NET

A BETTERBETTER PLAN

PREPARED FOR

THOM BEERS

PROJECT TYPE

FLOOR PLAN

PROJECT NAME

VERDUGO STREET PROJECT

PROJECT ADDRESS

A 4 308 WEST VERDUGO STREET BURBANK, CA 91502

B 4 DN 159" 4'-0" All plans created by Precision Property OFFICE OFFICE OFFICE OFFICE Measurement Ltd "PPM" are made exclusively 8'-9" for landscaping purposes (Cal. Bus. & Prof. Code §8727). All plans created by PPM do not involve the determination of any property line, and as such do not constitute land surveying (Cal. Bus. & Prof. Code §§8726-8727). In 9'-3" 9'-3" 7'-2" 7'-3" addition, PPM services and plans do not constitute civil engineering (Cal. Bus. & Prof. Code §§6702-6704), and thus should not be WOMEN used for any studies or activities defined as 7'-6" 5'-0" civil engineering (Cal. Bus. & Prof. Code §6731). PPM makes every reasonable effort to ensure the accuracy of the information found 7'-8" 4'-0" 26'-11" 7'-7" 5'-8" 13'-3" 4'-0" 8'-3" 2'-6" in our plans. In the event that our plans are used for reasons other than those for which DN they are specifically intended, PPM shall not 159" OPEN OFFICES MEN be held liable for any damages or any claims OFFICE arising out of such use. Furthermore, PPM shall not be held liable for any damages or

any claims arising out of the use of our plans unless such damage or claim is caused by our 3'-6" negligence. Measurements should be field OPEN OFFICES confirmed before commencing construction. 11'-4" 16'-7" 11'-11" 20'-11"

5'-8" 10'-9" 10'-10" 5'-7" 5'-7" CONFERENCE SCALE 3 16" = 1'-0" PROJECT 21'-4" 14240

APPROVED BY

OFFICE RR 19'-9" OFFICE DATE OFFICE OFFICE OFFICE

OFFICE OFFICE 10'-9" OFFICE OFFICE 4/24/17 12'-11"

13'-10" SHEET 15'-1" 8'-3" 10'-3" 8'-9" 10'-4" 9'-1" 8'-7" 7'-0" 11'-7" 6'-3" 2 of 6 CLG = CEILING HEIGHT COUNTER UPPER CABINET FULL HEIGHT CABINET 308 W Verdugo Ave Burbank, CA 91502 MAPS AND AERIALS

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 RECENT SALES COMPARABLES

Cap Rate 16%

14%

12%

10%

8%

6%

4%

2%

Subject

Price per Sq. Ft. $416

$364 Avg. $344.58 $312

$260

$208

$156

$104

$52

Subject 1 2 3

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 RECENT SALES COMPARABLES

S 308 W Verdugo Ave 308 W Verdugo Ave Burbank, CA 91502 Sale Price $5,100,000 Tenants 1 Price/Tenant $5,100,000 Price/SqFt $309.09 Cap Rate 11.06% Year Built 1980

NOTES Production / Studio Workspace Owner/ User Opportunity

1 4403 W Magnolia Blvd 4403 W Magnolia Blvd Burbank, CA 91505 Sale Price $6,202,593 Tenants 0 Price/Tenant N/A Price/SqFt $413.51 Cap Rate N/A Sale Date 4/12/2017 Year Built 1940

NOTES Movie/ TV Studio / Production Owner / User Renovated in 2004

2 145 W Magnolia Blvd 145 W Magnolia Blvd Burbank, CA 91502 Sale Price $4,275,000 Tenants 0 Price/Tenant N/A Price/SqFt $305.36 Cap Rate N/A Sale Date 12/15/2016 Year Built 2002

NOTES Class C Office Owner/ User

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 RECENT SALES COMPARABLES

3 Rexford Creative Campus 1840 Dana St Glendale, CA 91201 Sale Price $4,250,000 Tenants 0 Price/Tenant N/A Price/SqFt $314.88 Cap Rate N/A Sale Date 5/25/2016 Year Built 1950

NOTES Class B Creative Office Space Owner/ User Sale Entertainment Industry

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein. 308 W Verdugo Ave Burbank, CA 91502 RECENT SALES COMPARABLES

S 308 W Verdugo Ave 1 4403 W Magnolia Blvd 2 145 W Magnolia Blvd Burbank, CA, 91502 Burbank, CA, 91505 Burbank, CA, 91502 $5,100,000 $6,202,593 $4,275,000

3 1840 Dana St Glendale, CA, 91201 $4,250,000

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.