Owner/User Investment Opportunity in One of the Most Creative Spaces in Burbank, California DIGILANDDIGILANDDIGILAND Affiliatedcbre, Inc

Capital Markets | Investment Properties 2435 N NAOMI STREET, BURBANK, CA 91504 52,474 SF STATE OF THE ART CREATIVE ENTERTAINMENT CAMPUS

Owner/user investment opportunity in one of the most creative spaces in Burbank, California DIGILANDDIGILANDDIGILAND AffiliatedCBRE, Inc. operates within a global family of companiesBusiness with many subsidiaries and related entitiesDisclosure (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

ConfidentialityYour receipt of this Memorandum constitutes your acknowledgement that (i)Agreement it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc

DisclaimerThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

THE OFFERING1 EXECUTIVE2 SUMMARY LOCATION3 OVERVIEW PROPERTY4 DESCRIPTION SITE5 PLAN LOCAL6 MAP AMENITY7 MAP AREA 8OVERVIEW THETHETHE OFFERINGOFFERINGOFFERING

DIGILAND 4 2435 N NAOMI STREET, BURBANK, CA 91504 DIGILANDDIGILAND

WHERE CULTURE, ENTERTAINMENT AND TECHNOLOGY MERGE CREATIVE. FRESH. INSPIRES.

Digiland is a 52,474 square foot, state-of-the-art media campus located in the highly acclaimed market of Burbank, California, where culture, entertainment and technology merge. This entertainment campus is close to the Burbank Airport, with close proximity to major media studios such as Walt Disney Studios and Warner Bros. Studios.

This cutting edge facility, designed to perfection, includes sound stages, post-production rooms, work spaces, office spaces, conference rooms, creative suites and event spaces to support media entrepreneurs with all their needs. The leases are all short term which will enable an owner user to occupy space and expand or contract to create their own unique environment.

The property is partially leased on short term leases. A buyer can occupy their necesssary space and lease out the additional space to generate income. This beautifully designed creative space offers an owner- user the ability to mitigate occupancy costs through the collection of rents from other tenants as well as appreciation and the tax-benefits of owning.

PRICING Digiland is being offered for sale without a formal asking price. Offers will be negotiated as received. The rent roll and financial informaiton will be provided upon request.

OFFERING MEMORANDUM 5 THE OFFERING EXECUTIVEEXECUTIVEEXECUTIVE SUMMARYSUMMARYSUMMARY

DIGILAND 6 2435 N NAOMI STREET, BURBANK, CA 91504 Digiland Entertainment Campus offers shared workspaces, private offices and event space in a beautifully designed, state-of-the-art creative, open environment. The campus is flexible and can accommodate a variety of needs including conference rooms, creative suites, sound stages, and post- production space.

OFFERING MEMORANDUM 7 EXECUTIVE SUMMARY LOCATIONLOCATIONLOCATION OVERVIEWOVERVIEWOVERVIEW

DIGILAND 8 2435 N NAOMI STREET, BURBANK, CA 91504 Burbank, though extremely diverse in business, is largely characterized by entertainment and studio-related companies. While Hollywood is the global symbol of the entertainment industry, much of the actual production occurs in Burbank. The area remains home to four major film and television studios - Warner Bros., Disney/ABC, Comcastís NBC Universal and Dreamworks Animation. Various smaller film studios including Cartoon Network, Nickelodeon, KCET and The Burbank Studios are also in Burbank. These studios act as magnets in attracting ancillary service providers to the Burbank media industry.

Over the past 3 years, many major creative companies including NYC Film Academy, Legendary Films, Freemantle, Legal Zoom, Aspect Radio and DC Comics have moved their operations to Burbank from Hollywood and surrounding markets. PRO-BUSINESS ENVIRONMENT:

No City Income Tax

No Gross Sales Receipt Tax

LEED Incentive Program

Favorable Permitting Process

Energy Solution Rebates

OFFERING MEMORANDUM 9 LOCATION OVERVIEW PROPERTYPROPERTYPROPERTY DESCRIPTIONDESCRIPTIONDESCRIPTION

DIGILAND 10 2435 N NAOMI STREET, BURBANK, CA 91504 RENTABLE AREA (SF) 52,474 SF

5 separate buildings consisting of one story, two story, and mezzanine STORIES space

Wood, metal, and concrete tilt-up with extensive skylight and window CONSTRUCTION coverage and both wood and metal accents

HVAC Package units on roof

SECURITY Card key entry with audio/speaker entry

EXTERIOR CAMERAS Highly customized security system throughout the campus

Approximately 79 on-site striped parking spaces. Owner currently PARKING leases additional parking spaces from the parking lot owner to the north.

OFFERING MEMORANDUM 11 PROPERTY DESCRIPTION DIGILAND 12 2435 N NAOMI STREET, BURBANK, CA 91504 OFFERING MEMORANDUM 13 PROPERTY DESCRIPTION SITESITESITE PLANPLANPLAN

DIGILAND 14 2435 N NAOMI STREET, BURBANK, CA 91504 OFFERING MEMORANDUM 15 SITE PLAN LOCALLOCALLOCAL MAPMAPMAP

DIGILAND 16 2435 N NAOMI STREET, BURBANK, CA 91504 OFFERING MEMORANDUM 17 LOCAL MAP AMENITYAMENITYMANEITY MAPMAPMAP

DIGILAND 18 2435 N NAOMI STREET, BURBANK, CA 91504 OFFERING MEMORANDUM 19 AMENITY MAP AREAAREAAREA OVERVIEWOVERVIEWOVERVIEW

DIGILAND 20 2435 N NAOMI STREET, BURBANK, CA 91504 LOS ANGELES AREA OVERVIEW Los Angeles County is the main economic force within the Southern California region. It is the most populous county in the United States with nearly 10 million residents and is larger in population than 42 states. The nearly $600 billion Los Angeles County Gross Product ranks 20th among the world’s economies. › Architecture/Interior Design › Art Galleries The unemployment rate in Los Angeles County was 4.3% during the month of › Communication Arts September 2019. In the same time span, approximately 43,000 jobs were added, › Digital Media bringing the region’s total non-farm employment to approximately 4.5 million. › Entertainment › Fashion The Entertainment Capital of the World › Furniture/Decorative Arts › Industrial Design Services Los Angeles traces its roots as the leader of the entertainment industry to the dawn › Publishing & Printing of motion picture filmmaking in the early 1920s. Aside from being the global center › Toys of the film and entertainment industry, Los Angeles is the largest radio and television › Visual & Performing Arts Providers broadcast market in the country. This is primarily concentrated in Burbank, › Fine & Performing Arts Schools Hollywood and the greater Westside of Los Angeles and has created incomparable synergy and economies of scale for content creators in the region.

Entertainment is one of the fastest growing segments of the Los Angeles economy, growing by 75% from 1992 to present. In recent years, the ‘creative economy’ generated 759,000 jobs (direct, indirect and induced) generating $56.9 billion in total labor income. Approximately 15% of all private wage and salary workers in the L.A. Region worked directly or indirectly in the creative industries. Today, Los Angeles County accounts for approximately 75% of the entertainment industry employment nationwide.

L.A.’s ‘creative economy’ is comprised of the 12 creative industries below, as well as organizations that provide a venue for artists to share their works such as museums, art galleries and theaters.

OFFERING MEMORANDUM 21 AMENITY MAP BURBANK & THE GREATER SAN FERNANDO VALLEY MARKET

Digiland resides in the eastern portion of the Greater San Fernando Valley market. This market is considered extremely entrepreneurial in nature, with many of the business owners living in the affluent neighborhoods below Ventura Boulevard and south of Mulholland Drive from Beverly Hills to Malibu. In the Eastern San Fernando Valley market, approximately one third of the industrial requirements are entertainment related.

The San Fernando Valley market is dense, older and infill in nature, yet market stability is a defining quality because it serves a population of over two million people. As such, demand for newer, Class A product is at a premium and these properties achieve top of market values. The Valley is BURBANK SUBMARKET a very stable submarket of Los Angeles in terms of vacancy, rental rates Tenants are drawn to Burbank for many reasons including: and tenant concessions. Driven by the fact that most companies are in › 700 media-related companies the Valley because of its proximity to executive housing, there is less market volatility. The overall vacancy rate currently hovers at 1.5%, while › 4 Major Studios the Burbank market is just 0.7%. › No City Income Tax

This market remains a leader in both the Southern California and national › No City Gross Receipts Tax markets in terms of extremely low vacancy and availability, as well as relatively high asking sale and lease rates. › Burbank Police & Safe Environment › Solar Power Rebates

› Employee Recruitment and Hiring Assistance

› California Competes Tax Credits

› Extensive Film Tax Credits

DIGILAND 22 2435 N NAOMI STREET, BURBANK, CA 91504 TRANSPORTATION INFRASTRUCTURE

› The Burbank/Tri-Cities corridor offers one of the best transportation systems in Southern California.

› This area is intersected by six major freeways providing excellent access for the diverse labor base

› Burbank is home to the Hollywood/Burbank Airport, a favorite for LA residents when traveling to major western markets such as Seattle, Phoenix, San Francisco and Denver

› With approximately 4.1 million annual passengers, the Hollywood/ Burbank Airport is the second major airport in the LA basin

› The Hollywood/Burbank Airport is also the only airport in the Greater Los Angeles area with a direct rail connection to Downtown Los Angeles

OFFERING MEMORANDUM 23 AMENITY MAP DIGILANDDIGILANDDIGILAND

Contacts

INVESTMENT SPECIALISTS MARK PERRY CARLENE O’NEIL Senior Vice President Vice President +1 818 907 4643 +1 818 907 4725 [email protected] [email protected] © 2020 CBRE, Inc. All rights reserved. This information Lic. 00783875 Lic. 01099744 has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You MARKET SPECIALISTS should conduct a careful, independent investigation of the property and verify all information. Any reliance on this BILLY WALK DAVID HARDING GREG GERACI information is solely at your own risk. CBRE and the CBRE First Vice President Senior Vice President Senior Vice President logo are service marks of CBRE, Inc. All other marks +1 818 502 6733 +1 818 502 6731 +1 818 502 6741 displayed on this document are the property of their [email protected] [email protected] [email protected] respective owners, and the use of such logos does not Lic. 01398310 Lic. 01049696 Lic. 01004871 imply any affiliation with or endorsement of CBRE.