PAUL BREHMESENIOR VICE PRESIDENT

310-966-4355BREHME@WESTMAC.COM

DRE# 01476686

EXCELLENT OWNER-USER OPPORTUNITY

INDUSTRIAL / FLEX BUILDING

M2 ZONING

FOR SALE505 S FLOWER ST BURBANK, CA 91502

2

The material contained in this Investment Offering Brochure is furnished solely forthe purpose of considering the purchase of 505 S Flower St and is not to be usedfor any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent ofWESTMAC Commercial Brokerage Company or Owner, or used for any purposewhatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connectionwith the sale of the Property is WESTMAC Commercial Brokerage Company("Broker") and no other person is authorized by the Owner to provide anyinformation or to make any representations other than contained in this InvestmentOffering Brochure. If the person receiving these materials does not choose topursue a purchase of the Property, this Offering Brochure must be returned toWESTMAC Commercial Brokerage Company.

Neither Broker nor Owner make any representation or warranty, express or implied,as to the accuracy or completeness of the information contained herein, andnothing contained herein is or shall be relied upon as a promise or representationas to the future performance of the Property. This Offering Brochure may includecertain statements and estimates by WESTMAC Commercial Brokerage Companywith respect to the projected future performance of the Property. TheseAssumptions may or may not be proven to be correct, and there can be noassurance that such estimates will be achieved. Further, WESTMAC CommercialBrokerage Company and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this InvestmentOffering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on thoserepresentations and warranties that may be made to it in any final, fully executedand delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and recipientof these materials shall not look to Owner or WESTMAC Commercial BrokerageCompany, nor any of their officers, employees, representatives, independentcontractors or affiliates, for the accuracy or completeness thereof. Recipients ofthis Investment Offering Brochure are advised and encouraged to conduct theirown comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not anoffer to sell the Property. The Owner expressly reserves the right, at its solediscretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations withany entity, for any reason, at any time with or without notice. The Owner shall haveno legal commitment or obligation to any entity reviewing the Investment OfferingBrochure or making an offer to purchase the Property unless and until the Ownerexecutes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing andagreed to release Owner and from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospectivepurchaser, any prospective purchaser should not rely on any such correspondenceor statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at itsown risk.

It is incumbent upon any prospective purchaser to verify and validate any and allrepresentations, statements, forecasts, estimates, or other information containedherein provided by either Owner or Broker.

©2019 WESTMAC Commercial Brokerage Company. All Rights Reserved. WESTMAC Commercial Brokerage fully supports the principles of the Equal Opportunity Act. WESTMAC CommercialBrokerage Company and the WESTMAC Commercial Brokerage Company logo are registered service marks owned by WESTMAC Commercial Brokerage Company and may not bereproduced by any means or in any form whatsoever without written permission.

WESTMAC COMMERCIAL BROKERAGE COMPANY1515 S SEPULVEDA BLVDLOS ANGELES, CA 90025

WWW.WESTMAC.COMCOMPANY DRE# 01096973

PAUL BREHMESENIOR VICE PRESIDENT310-966-4355BREHME@WESTMAC.COMDRE# 01476686

DISCLOSURE

3EXECUTIVE SUMMARY

ASKING PRICE: $1,550,000

PRICE / SF (BLDG): $399.00

PRICE / SF (TOTAL LAND): $237.00

PROPERTY TYPE: Warehouse / Flex

APN’s: 2451-005-064

ZONING: BUM2*

YEAR BUILT: 1991

BUILDING SQUARE FEET: ±3,885 SF

PARCEL SIZE : ±6,542 SF

# OF BUILDINGS: One

#OF FLOORS: One

PARKING: ± 6 Spaces

CROSS STREET: Verdugo & Providencia

CONSTRUCTION TYPE: Concrete Block

# GRADE-LEVEL DOORS: 2

CEILING HEIGHT: ±12-14 Feet

OPPORTUNITY ZONE: No

POWER: 3-Phase / 400 Amps

STREET FRONTAGE: 50 Feet along Flower St

505 S FLOWER ST, BURBANK, CA 91502

EXCELLENT OWNER USER OPPORTUNITY IN BURBANK

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Westmac Commercial Brokerage Company has been selected to exclusively market 505 S Flower St in Burbank for sale. The property is currently leased but the tenant will vacate by October 15th, 2019, thereby allowing an Owner User to quickly occupy the property.

505 S Flower consists of two main stages, 3 offices (potential for more), storage areas, as well as a kitchen and bathroom. STAGE 1 (43’x41.5’) boasts an expansive overhead lighting grid, large roll-up doors for easy equipment access, a full-length mirror wall, a raised wooden floor, a brand new wrap-around curtain to block off the entire stage made of IFP material, and a movable white seamless. While not technically soundproof, the complex is in a quiet part of Burbank and noise while shooting on this stage is rarely an issue. STAGE 2 (38.5’x17.3’) is a full sound stage featuring an overhead lighting grid.

505 S Flower is located in southeast Burbank nearing its border with Glendale and benefits from a major presence of media companies, affiliated support businesses, smaller studios and the like. This is also a well-populated location with excellent Freeway access and abundant local amenities.

The subject property also benefits from it’s short distance to Metrolink Station at 201 N. Front St as well as it’s close proximity to Downtown Burbank where you can find various hotels, Ikea, AMC Theatres, YMCA, the Yard House, Shake Shack, Barney’s Beanery, and a myriad of other retailers and dining establishments..

4PROPERTY PICTURES

5PROPERTY PICTURES

6FLOORPLANS

FLOWER ST →← ALLEYWAY

7BURBANK

BURBANK

DEMOGRAPHICS

1 MILE 3 MILE

POPULATION 40,641 159,984HOUSEHOLDS 16,803 62,915AVERAGE AGE 39.80 40.50AVERAGE HH INCOME $71,293 $92,488MEDIAN HH INCOME $53,409 $70,433DAYTIME EMPLOYEES 30,503 118,903

POPULATION GROWTH ‘18 – ‘23 ↑ 1.5% ↑ 1.5%HOUSEHOLD GROWTH ’18 - ‘23 ↑ 1.5% ↑ 1.5%AVERAGE HH SIZE (2018) 2.4 2.50

MEDIAN HOME VALUE (2018) $652,941 $727,977

TRAFFIC COUNTS (2017) 34,196 CBD

The city of Burbank is located in the southeast San Fernando Valley, approximately six miles northwest of downtown Los Angeles. It is an established middle-income and upper-income community that incorporated July 8, 1911. The city is joined with the cities of Glendale and Pasadena into the Tri-Cities office sub market although “technically” or geographically is within the San Fernando Valley and is best analyzed as a subsection of the Valley.

The city covers roughly 17 square miles and is bordered by the Verdugo Mountains on the north, the City of Glendale on the east, Griffith Park on the south and the communities of Sunland and North Hollywood on the west. The city is divided into several different sections. The main dividing line is the Golden State (I-5) Freeway which travels north south through the city and creates an east and west half. The east half includes the downtown area and municipal buildings, as well as the prime residential districts thatextend into the Verdugo Mountains. The west half consists middle- and upper-middle-income residential areas, industrial districts around the Burbank (Bob Hope) Airport, and the Media District that includes major movie studios and entertainment companies, such as the Walt Disney Studios, Warner Brothers Studios, and NBC/Universal, as well as Nickelodeon Animation Studios, DIC Animation, and Cartoon Network.

A Metroline Red-line subway station is located in adjacent North Hollywood, and Burbank itself has two stations for the Metrolink commuter rail service which links Ventura County/Palmdale/Lancaster and points in between with Union Station in downtown Los Angeles. Metropolitan Transportation Authority provides public bus service.

As of October 2017, the city had an unemployment rate of 3.5%, better than the County rate of 4.7%. Median household income is about $72,000, compared with $63,000 for the County..

Burbank has one hospital, Providence St. Joseph. This is a 414-bed acute care facility and hub of a medical office district in the south-central area of the city.

8AERIAL VIEW

9AERIAL VIEW

10PARCEL MAP

11LOCATION MAP

PAUL BREHMESENIOR VICE PRESIDENT

310-966-4355BREHME@WESTMAC.COM

DRE# 01476686

EXCELLENT OWNER-USER OPPORTUNITY

INDUSTRIAL / FLEX BUILDING

M2 ZONING

FOR SALE505 S FLOWER ST BURBANK, CA 91502