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224 E Olive Ave burbank, CA 91502

™ BASEMENT/BAR FOR LEASE ™

EXCLUSIVE LEASING AGENTS

JOSH CORDRAY Associate Retail Leasing [email protected] direct (310) 919-5839 mobile (818) 489-3212 Lic # 02039302 (CA)

MICHAEL PAKRAVAN EVP & National Director Retail Leasing [email protected] direct (310) 919-5737 mobile (213) 219-3111 Lic # 01706065 (CA)

CONTENTS 3 Location Highlights 4 Space Plan 6 Demographics 7 Retail Trade Area 8 Area Overview 3 LOCATION HIGHLIGHTS PROPERTY DESCRIPTION RETAIL FOR LEASE 224 E Olive Ave Asking Rate Negotiable Burbank, CA 91502 224 E Olive Ave Address Burbank, CA 91502 »» There is a massive redevelopment planned for downtown Burbank Cross Streets Oliver & San Fernando that will drastically change the look and feel of downtown (more info on page 8) GLA ± 4,200 SF »» Minutes from four major production studios: Disney, Warner Bros, Lot Size ±1.76 Acres Universal Studios, Burbank Studios Parking 12 Surface Spaces »» Located adjacent to burbank town center which is undergoing a Parking Ratio 2.8 : 1,000 major redevelopment »» Dense area - 40,065 people in a 1-mile radius »» E Olive Ave sees ±20,000 cars per day

1-MILE DEMOGRAPHICS E OLIVE AVE ± 20,000 ADT AVERAGE NUMBER OF POPULATION HOUSEHOLD INCOME HOUSEHOLDS

40,065 $73,092 16,783

4 POTENTIAL SPACE PLAN X X X X X X X X X X

X X X

X X

X X X X X

GYU KAKU (850 USABLE SQ.FT.)

PROPOSED GREASE PROPOSED EJECTOR INTERCEPTOR LOCATION* PUMP LOCATION*

(+0'-0")

EXISTING (+2'-2") FIREPLACE

UP

(+0'-0")

UNISEX UNISEX 8'-2" x 8'-0" 8'-2" x 8'-0"

UPPER BAR AREA DRY STORAGE 10'-4" x 17'-8" WALK-IN COOLER NEW GATE 22'-0" x 8'-3"

NEW RELOCATED GAS METER (+2'-2")

NEW GUARDRAIL (E) ELECTRICAL BAR PANEL

LOWER BAR AREA NEW DOOR AND STOREFRONT FOOSBALL FOOSBALL

GAMING AREA STORAGE

(+2'-2") (+0'-0") DART UP SHUFFLE BOARD

* GREASE INTERCEPTOR AND PUMP EJECTOR LOCATION WILL REQUIRE WASTE BASEMENT GROUND FLOOR MANAGEMENT AND CITY OF BURBANK APPROVAL PRIOR TO RELOCATION. SCALE: 1/8"=1'-0" SCALE: 1/8"=1'-0"

BASEMENT BAR

224 E OLIVE AVENUE BASEMENT AND GROUND FLOOR-SPACE PLAN BURBANK, CA 91502 (4,200 SQ. FT.)

12/02/2016 5 LOCATION MAP

Subject Property

DEMOGRAPHICS

POPULATION 1-MILE 3-MILE 5-MILE 2022 Projection 40,066 157,672 497,249 2017 Estimate 38,833 153,196 482,219 2010 Census 38,130 150,049 458,809 Growth 2017-2022 3.17% 2.92% 3.12%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2022 Projection 16,783 62,986 197,423 2017 Estimate 16,105 60,554 189,469 2010 Census 15,656 56,763 117,969 Growth 2017 - 2022 4.21% 4.02% 4.20%

INCOME 1-MILE 3-MILE 5-MILE 2017 Average $73,092 $88,431 $86,204 Household Income 2017 Median $56,747 $69,182 $62,799 Household Income

6 RETAIL TRADE AREA

Burbank Town Center Redevelopment

Subject Property

±221,000 ADT

7 BURBANK TOWN CENTER - REDEVELOPMENT

The Burbank Town Center has undergone a major redevelopment. The completed project will support a variety of uses and different scales while maintaining a “village” feel. The AREA development will be a mixed-use with residential, retail, restaurant, hotel and entertainment. It will bring on 1,200 new residence and 35,000 square of retail and restaurant space, as well OVERVIEW as a 200 room hotel. The mall itself will also received a series of upgrades to its interior and exterior appearance, including new tenants and outdoor dining along the Magnolia Blvd entrance. Where the Ikea curently stands will be 765 multi-family units and 70 for-sale units at 800 North San Fernando Boulevard. BURBANK Downtown Burbank has been revitalized, encompassing SHOPPING CENTER thirty-four blocks of retail, office, residential and The three level shopping center is being repositioned to be the premier shopping destination entertainment destinations that include more than 200 in the local foothill area. The goal is to connect the mall to San Fernando Boulevard and shops and 80 restaurants like Macy’s, IKEA, AMC and Magnolia Boulevard and provide a new authentic experience for shoppers. the Burbank Town Center. This has been named as “one of Southern ’s most appealing urban centers by Renovations to the levels will include the following: Sunset Magazine. 1. New food court and the lower level 2. New foyer entrances with direct connection from the garages Burbank is home to many employees of the motion picture, 3. Expanded tenant presence on Magnolia Blvd digital cinema and television studios located in the area. It is 4. New escalators to create a strong connection from the dining terrace to the street estimated that 100,000 people work in Burbank every day. 5. New terrace patio with canopy, lounge seating, shaded outdoor rooms, lighting, Burbank has the second-largest office space market in the umbrellas, planters, and several dining options , much of which is utilized by the entertainment industry. These have some of the highest lease rates in the region. 9 TOP EMPLOYERS

ENTERTAINMENT DESTINATION Burbank is home to some of the world’s most established media and entertainment companies including Warner Bros. Entertainment, Inc. (5,000 employees) and The Walt Disney Company (3,900 employees). A dazzling range of urban lifestyle options make Burbank a popular destination for many local firms, particularly within the technology and entertainment sectors, are characterized by desirable, high-wage jobs particularly well structured for Gen Y/Millennials.

Burbank has a diversifi ed base of industries that continue to draw from the convergence of more digital content amongst media and internet companies in addition to growth in healthcare, fi nance, insurance and other service industries. As technology and digital content continue to merge and coexist, local and regional studio companies, digital advertising, and mobile content providers are able to secure the work with exceptional demand. Prominent global companies with a major presence in this market include Warner Bros. Entertainment, Disney, NBC Universal, ABC Entertainment. Financial firms include Western Asset Management Company, Wesco Financial, and East West Bank with Cigna Healthcare, and Deluxe Laboratories adding to the demand within the healthcare profession. L.A. County added 73,200 jobs over the past 12 months and year- over-year growth was led by increases in education and health services and leisure and hospitality.

10 Subject Property

TRANSPORTATION

Burbank is located just 12 miles northwest of downtown and a few miles northeast of Hollywood with plenty of options for transportation. The Bob Hope Airport serves 4.9 million travelers per year with over 70 flights daily.

Metro operates through Burbank connecting Burbank to the rest of Los Angeles. Residents can use and Amtrak for service south into Downtown, west to Ventura and north to Palmdale and beyond. Metro is currently looking to add new stations and increase train frequency between the City of Burbank and Downtown Los Angeles.

Burbank is easily accessible by and can easily access the freeways via I-5 and the which connects Burbank to the US Route 101 and the nearby to the east.

11 BASEMENT / BAR FOR LEASE 224 E Olive Ave I Burbank, CA

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Leasing Package contains select information pertaining to the business and affairs of Property located at 224 E Olive Ave , Burbank, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all-inclusive or contain all of the information a prospective lessee may desire. The information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and delivered.

In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property.

This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Leasing Package.

12 EXCLUSIVE LEASING AGENTS

JOSH CORDRAY Associate Retail Leasing [email protected] direct (310) 919-5839 mobile (818) 489-3212 Lic # 02039302 (CA)

MICHAEL PAKRAVAN EVP & National Director Retail Leasing [email protected] direct (310) 919-5737 mobile (213) 219-3111 Lic # 01706065 (CA)

BASEMENT / ™ BAR FOR LEASE 224 E OLIVE AVE | BURBANK, CA 13