creative office burbank, ca...property overview location 2508 n ontario st., burbbank, ca 91504 site...

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CREATIVE OFFICE CREATIVE OFFICE BURBANK, CA 2508 N ONTARIO ST BURBANK, CA 91504 OFFERING MEMORANDUM

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Page 1: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

CREATIVE OFFICECREATIVE OFFICEBURBANK, CA

2 5 0 8N ONTARIO STB U R B A N K , C A 9 15 0 4

OFFERING MEMORANDUM

Page 2: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

EXECUTIVE SUMMARY

One-of-a-kind opportunity for an Owner/User to acquire a single-story high image creative office building with approximately 7,229 square feet. The modern buildout and improvements consist of high-quality bow truss ceiling, polished concrete floors with attractive exposed brick walls and a dramatic main lobby entrance which welcomes and impresses clients. Discerning buyers will appreciate the exclusive nature of the building, secure parking and skylights thought the building which provides an abundant amount of natural light throughout the space. This pride of ownership asset has been immaculately maintained and continually upgraded, which will minimize the potential for future capital costs. The thoughtful design with multiple entrances provides an owner user the ability to occupy all or a portion of the building and expand and contract within the building. The property is strategically located in Burbank. Furthermore, the properties strategic location is sounded by numerous new urban developments that consist of a mutually enriching intersection of commercial uses, as well as access to public transit and green space. Additionally, the subject property benefits by being in one of the most fundamentally strong entertainment-oriented office markets in the world. Now is an opportune time to lock in long term fixed rate financing at historically low interest rates, securing long term fixed operating costs. Additional parking available for lease.

SITE DESCRIPTION

PREMISES ±7,229 SF

PRICE $4,500,000

PRICE PER SF $622.49 Building

PARKINGFive (5) Spaces On Site and Off Site at Market Rates

FEATURES • Media / Advertising / Production

• Exposed Double Bow Truss Ceiling

• Factory Steel Windows

• Skylights

• High Ceilings

• Natural Light

• Polished Concrete Floors

• Full Kitchen

• Easy Access to 134 and 5 Freeways

• Near Burbank Airport

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 915042 3

Page 3: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

PROPERTY OVERVIEW

LOCATION

2508 N Ontario St.,Burbbank, CA 91504

SITE

Located on the east side of Ontario St between Thornton Ave and Winona Ave, in the city of Burbank, CA.

LAND AREA

The property consists of 1 parcel (APN #2466-012-003) totaling 10,457 SF of land area.

BUILDING AREA

The subject consists of 1 building equaling to 7,229 total square feet.

FRONTAGE & ACCESS

The site features 60 linear feet of frontage along Ontario St.

Access points into the building include 1 entrance off Ontario St.

BUILT

2508 N Ontario St was built in 1948.

ZONING

Per the city of Burbank, the property is cur-rently zoned as BUM2.

PARKING

Provides 6 spaces, which equates to 0.83 spaces per 1,000 SF parking ratio.

DISTANCE TO TRANSIT

Ventura County Line......................0.6 miles169 Metro Local Line....................0.3 miles794 Metro Rapid Line...................0.3 miles222 Metro Local Line....................0.3 miles94 Metro Local Line.......................0.3miles165 Metro Local Line....................0.4 miles

PARCEL MAP

ALS

ACE

AV

E

ALS

ACE

AV

E

ON

TAR

IO S

TO

NTA

RIO

ST

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 915044 5

Page 4: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 915046 7

Page 5: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 915048 9

Page 6: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150410 11

Page 7: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

WARNER MUSIC GROUP3.7 Miles from Subject Property

THE BURBANK STUDIOS3.7 Miles from Subject Property

ABC STUDIOS3.7 Miles from Subject Property

WALT DISNEY STUDIOS3.6 Miles from Subject Property

WARNER BROTHERS VILLAGE4.2 Miles from Subject Property

SUBJECT PROPERTY

TRASHENCLOSURE (E)

ELECTRICALROOM (E)

STORAGEAREA1894 SF

TELEPHONEROOM (E)TO BECONVERTEDTO SERVERROOM (N)

55'-2

"

18'-0" 172'-6"

PARKINGSTALL(8'X18')

MAINENTRY

18'-0"

NEW ELECTRICAL OUTLETSDROPPED FROM CEILING

RECEPTION

WAITINGLOUNGE

CONFERENCEROOM (N)

EXECUTIVEOFFICE #1

EXECUTIVEOFFICE #2

EXECUTIVEOFFICE #3

EXECUTIVEOFFICE #4

EXECUTIVEOFFICE #5

KITCHEN/PANTRY

OPEN PLANFLEXIBLE OFFICEAREA (N)

12'-0

"

31'-2

"

12'-1

"

2508 N. ONTARIO ST., BURBANK, CA 91504OFFICE AREA: 5056 SFSTORAGE AREA: 2164 SF

8'-6"TRAININGROOM (N)

COMMONDINING

7'-0"

4'-0

"

19'-1" 16'-6" 5'-0"

19'-1

"24

'-1"

11'-9" 14'-6" 15'-3" 14'-6" 14'-6"

STAFFLOUNGE (N)

SHIPPING & RECIEVINGSTAGING AREA (N)

5'-0

"

NEW WINDOW NEW OPENING AT CONCRETE WALL.TO MATCH EXISTING WINDOWS AND WINDOW OPENINGSSEE STRUCTURAL DRAWINGS

NO

RTH

ON

TAR

IO S

TRE

ET

DRIVEWAY

10'-8

"

HANDICAP PARKINGSTALL (8'X18')HP

PARKINGSTALL (8'X18')P3

P2

UNISEXRESTROOMHANDICAPACCESSIBLE

UNISEXRESTROOM

6'-0

"

7'-10"

11'-1

0"

COPIER,GRAPHICSCENTER

EXISTING SLAB ON GRADERESURFACED WITH NEW CONCRETECLEAR EPOXY SEALED

7'-0

"

10'-6"

4'-0"

OFFICE AREA (N)5056 SF

8'-0"

ACCESSIBLELANDING8'

-0"

8'-0

"

3'-0

"

3'-0"1'-6"

5'-0

"

8'-0"

18'-0

"

12'-0"

PARKINGSTALL (8'X18')P4

NEW ELECTRICALOUTLETSDROPPED FROMCEILING

EXISTING OVERHEADPENDANT LIGHT TOBE REMOVED

01

01

4'-4" 12'-4"10'-2" 4'-4"

01

4'-4"5'-7"4'-0" 10'-2" 10'-11"4'-4"

PARKINGSTALL(8'X18')

P2

ACCESSIBLEPATH

2'-9

"

SIDEWALK

2'-0

"5'

-0"

9'-0

"5'

-0"

4'-0"4'-0"

LANDING+ 11.0"

1'-0

"

15'-3" 11'-6"

5'-0"

LANDING+ 0.0

PROPOSED CONFERENCE & TRAINING ROOMS, OFFICESSECTION A-A

8'-0

"10'-0

"

CONFERENCE ROOM (N) EXECUTIVEOFFICE #1

EXECUTIVEOFFICE #2

EXECUTIVEOFFICE #3

EXECUTIVEOFFICE #4

EXECUTIVEOFFICE #5

TRAINING ROOM (N)

19'-1" 16'-6" 5'-0" 11'-9" 14'-6" 15'-3" 14'-6" 14'-6"

SHIPPING & RECEIVINGLOADING AREA

13'-3"

WAREHOUSE

47'-2"

8'-6"

8'-1

1"

7'-0

"

SERVER ROOM (N)

10'-4"

OPEN OFFICE SPACE (N)

56'-7"

KITCHEN (N)

10'-0"

STAFF DINING AREA (N)

12'-10" 4'-0"

RECEPTION & WAITING AREA (N)

18'-5"

10'-0

"

10'-0

"

WAREHOUSE

60'-5"

EXHAUST FAN W/ FLUOR. LIGHT - 50 CFM MIN - VENTED TO OUTSIDE AIR

FLOURESCENT LIGHT FIXTURE

WALL HUNG LIGHT FIXTURE

SWITCH

120 V CONV DUPLEX OUTLET

GROUND FAULT INTERRUPTED DUPLEX OUTLET

WEATHERPROOF GROUND FAULT INTERRUPTEDDUPLEX OUTLET AT FRONT AND REAR

ELECTRICAL PANEL - 200 AMP

WALL MOUNT MULTI-LIGHT FIXTURE

BACK-UP AND AUDIBLE ALARM IN ALL AREAS OF SMOKE DETECTOR HARD WIRED W/ BATTERY

THE BUILDING & INTERCONNECTED AREAS

3-WAY SWITCH

RECESSED LIGHT FIXTURE

HANGING CEILING LIGHT FIXTURE

DIMMER SWITCH

FOUR RJ45 CONNECTOR JACK, CAT-5

CABLE TELEVISION JACK

4" DIA RECESSED LED LIGHTING FIXTURE

EXISTING 400W METAL HALIDE PENDANT LAMP

EXISTING WALL TO BE DEMOLISHED

EXISTING WALL

ALUMINUM FRAMED STOREFRONT GLASS WALL SYSTEM

EXISTING SLAB ON GRADE GRID, PATCH & SEALED, CLEAR EPOXY

24" SQUARE ACOUSTICAL PANEL CEILING

DROP DOWN OVERHEAD PROJECTOR SCREEN

OVERHEAD PROJECTOR, CEILING MOUNTED

HERCULITE GLASS DOOR

SINGLE GLAZED GLASS WALL

FILE STORAGE, TO BE DETAILED BY CABINET MAKER

NEW CONCRETE RAMP W/METAL HANDRAILS,

DOUBLE HOLLOW CORE METAL DOORS, WELDED FRAME

NOTES ON DRAWINGS:

SYMBOLS ON DRAWINGS:

SEE DETAILS: 11 & 13/D-1.0

SEE DETAIL 9, 12 &13/D-1.0

PLUMBING WALL, INTERIOR PARTITION; SEE DETAIL 8/D-1.0

NEW WALL

NEW ESD (ELECTRO STATIC DISCHARGE) ANTI-STATIC FLOORING W/TRANSITION

EXISTING SKYLIGHT

KITCHEN/BUFFET COUNTER TOPS AT MAX. HEIGHT OF 34"

EXISTING ALUMINUM DOOR WITH LIGHT

8' HIGH DRYWALL

EXISTING HVAC DUCT

EXISTING SKYLIGHT

EXISTING CMU WALL, PAINTED

20 AMP CIRCUIT W/EMERGENCY SHUT OFF SWITCH

BORDER STRIP

220V OUTLET

SIDE WITHOUT THE USE OF A KEY, SPECIAL KNOWLEDGE, OR EFFORT. EXIT DOOR: EXIT DOORS MUST BE OPENABLE FROM EGRESS

PROPERTY LINE

42" HIGH BOLLARD

DOORS WITH ACCUATED PANIC HARDWARE

ROUGH BROOM FINISH; MAX. SLOPE 1:12

7'-0

"

7'-0"

1'-6" 2'-6" 3'-0"

7'-0

"

3'-0"

7'-0"

1'-6" 2'-6" 3'-0"

5'-0"5'-0"

5 FT. TURNINGCIRCLE

5 FT. TURNINGCIRCLE

3'-2"4"

6"3'

-6"

7'-0"

1'-6"1'-6"

3'-0"

30" X 48"CLEARSPACE

1'-6" 1'-6"

30" X 48"CLEARSPACE

SHEET NO.

PROJECT NO.

DATE

PREPARED BY:

KEY PLAN

N

OFFI

CE T

ENAN

T IM

PROV

EMEN

T

RIE

DE

L C

OM

MU

NIC

ATI

ON

S25

08 N

OR

TH O

NTA

RIO

STR

EE

TB

UR

BA

NK

, CA

LIFO

RN

IA 9

1504

DATE

ISSU

E DE

SCRI

PTIO

NIS

SUE

DESC

RIPT

ION

DATE

A1.0

FLO

OR

PLA

N, B

UIL

DIN

G S

EC

TIO

NS

15-MAR-2013

SCALE: " = 1'-0" 1FLOOR & ELECTRICAL PLAN1/8

SCALE: " = 1'-0" ASECTION A-A1/8

SCALE: " = 1'-0" BSECTION B-B1/8SCALE: " = 1'-0" 4HANDICAPPED ACCESSIBLE RESTROOMS

1/4

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150412 13

Page 8: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

SNAPSHOT: BURBANKBurbank, CA has a population of 104,583 and is the 294th largest city in the United States. The popula-tion density is 6,026 per sq mi which is 2254% higher than the California average and 6552% higher than the national average. The median age in Burbank is 39 which is approximately 9% higher than the California average of 36. In Burbank, 54% of the population over 15 years of age are married, 53% speak English and 19% speak Spanish. 43% of Burbank residents were born in California, 21% were born out of state, 1% were born outside of the United States and 34% were foreign born.

LOS ANGELES COUNTY

The County of Los Angeles holds many disticntions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame's collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportuni-ties like those presented in the expanding tech industry, Los Angeles County is the place to be. It is the only city in North America to have hosted the Summer Olympics twice. Downtown L.A. is the largest government center outside of Washington, D.C. Los Angeles County has the only remaining wooden lighthouse in the state (located in San Pedro's Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway).

NEIGHBORHOOD

Burbank

CITY

Burbank

REGION

San FernandoValley

COUNTY

LosAngeles

METRO

LosAngeles

DEMOGRAPHICS

WEATHER 285SunnyDays

88◦Average

High

70◦Average

Low

284SunnyDays

71◦Average

High

55◦Average

Low

BURBANK LOS ANGELES COUNTY

BURBANK UNITED STATES

MEDIAN HOUSEHOLD INCOME

$70,450

HIGH DENSITY, SAN FERNANDO VALLEY DEMOGRAPHICS

• Average Household Income exceeding $70,450

within a 1-mile radius

• More than 47,800 households within a 3-mile radius

• More than 104,583 people and 941,377

businesses within a 5-mile radius

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150414 15

Page 9: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

ABOUT THE NEIGHBORHOODWith 103,695 people, 41,505 houses or apartments, and a median cost of homes of $808,351, real estate costs in Burbank are among some of the highest in the na-tion, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the sin-gle most common housing type in Burbank, accounting for 44.84% of the city's hous-ing units. Other types of housing that are prevalent in Burbank include large apart-ment complexes or high rise apartments ( 42.41%), duplexes, homes converted to apartments or other small apartment buildings ( 8.55%), and a few row houses and other attached homes ( 4.07%).

People in Burbank primarily live in small (one, two or no bedroom) single-family detached homes. Burbank has a mixture of owner-occupied and renter-occupied housing.

50

Walk Score

Somewhat WalkableSome errands can be accomplished on foot.

Transit Score

48

Bike Score

Somewhat BikeableMinimal bike infrastructure

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150416 17

Page 10: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

CITY OF BURBANK

14 15HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150418 19

Page 11: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

BURBANKAbout BurbankBurbank is a city in Los Angeles County in Southern California, United States, 12 miles northwest of downtown Los Angeles.

Billed as the "Media Capital of the World" and only a few miles northeast of Hollywood, numerous media and entertainment companies are headquartered or have significant production facilities in Burbank, including The Walt Disney Company, Warner Bros. Entertainment, ABC Studios, Freeform, Marvel Studios, Nickelodeon, Cartoon Network, iHeartMedia, Inc., and Insomniac Games. Other post production, film processing, special effects, equipment rental and related businesses are also in Burbank.

The city is also home to the Hollywood Burbank Airport, which is the largest privately owned municipal airport in the United States. It was the location of Lockheed's Skunk Works, which produced some of the most secret and technologically advanced airplanes, including the U-2 spy planes that uncovered the Soviet Union missile components in Cuba in October 1962. The Hollywood Burbank Airport has two easy-to-navigate terminals served by Alaska Airlines, American, Delta, JetBlue, JetSuite, Southwest and United. Daily non-stops include Dallas, Denver, Las Vegas, Oakland, New York, Phoenix, Portland, Sacramento, Salt Lake City, San Francisco, San Jose and Seattle.

Burbank is home to four distinct neighborhoods: Downtown Burbank, Magnolia Park, the Airport District and Media District.

Burbank is considered the Media Capital of the World

# Company Employees1 The Walt Disney Company 7,900

2 Warner Bros. 7,400

3 Providence Saint Joseph Medical Center 3,000

4 Bob Hope Airport 2,400

5 American Broadcasting Company 2,300

6 Burbank Unified School District 1,900

7 City of Burbank 1,500

8 Foto-Kem Industries 1,100

9 Yahoo! 500

10 Crane/Hydro Air Company 500

EconomyBurbank has a robust economy as many high profile companies are headquartered in Burbank. The second-largest office space market in the San Fernando Valley is located in Burbank. Most of the space is utilized by the entertainment industry, which has among the highest office lease rates in the region.

Much of Burbank's economy is based on the entertainment industry. While Hollywood may be a symbol of the entertainment industry, much of the actual production occurs in Burbank. Many companies have headquarters or facilities in Burbank, including Warner Bros. Entertainment, Warner Music Group, The Walt Disney Company, ABC, Cartoon Network, Nickelodeon, Cookie Jar Entertainment, New Wave Entertainment, and Insomniac Games.

Many ancillary companies from Arri cameras, to Cinelease, Entertainment Partners, JL Fisher, and Matthews Studio Equipment also maintain a presence in Burbank. Xytech Systems Corporation, a business software and services provider to the entertainment industry, is headquartered in Burbank. The largest employer in Burbank is The Walt Disney Company which employs approximately 8,000 people followed by Warner Brothers, which employs approximately 7,400 people.

Major Employers

16 17HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150420 21

Page 12: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

Retail in BurbankDowntown BurbankDowntown Burbank’s streets are home to a variety of retail, office, residential and entertainment. It is a shopping destination with a dynamic street scene, enticing restaurants, and an authentic urban vibe. Downtown Burbank is home to the Burbank Town Center which is a three story mall that offers more than 170 retail stores, restaurants, entertainment venues and lifestyle services. It is anchored by a Macy’s, Sears, and Bed Bath & Beyond, Ikea, and Office Depot. It also has an AMC Theatre, Corner Bakery Cafe, Barnes and Noble, and Ashley Furniture. Free parking is available throughout the shopping center in garages or surface lots.

Empire Center BurbankA massive shopping center on North Victory Place and Empire Avenue that is home to a Lowe’s Home Improvement, Target, Staples, Marshalls, TJ Maxx, Nordstrom Rack, Michaels, Best Buy, Olive Garden, Home Town Buffet, and a brand new Walmart.

Magnolia ParkMagnolia Park is a neighborhood just five minutes from Downtown Burbank is known for its small-town feel, shady streets and Eisenhower-era storefronts. Most of the homes in the area date to the 1940s, when they were built for veterans of World War II. Central to the community is Magnolia Boulevard, known for its antique shops, boutiques, thrift shops, corner markets, and occasional chain stores.

BURBANK

Media DistrictHome to world-famous TV and movie studios including The Walt Disney Company, Warner Bros. Studios, The Honda Stage at iHeartRadio Theater Los Angeles and ABC Television.

Magnolia ParkA hip neighborhood with quirky boutiques, vintage antiques, chic eateries, and cafes.

Downtown BurbankDowntown Burbank provides visitors a wide variety of shopping, dining and entertainment. Not to mention city-wide free parking and free Wi-Fi Internet access.

Airport DistrictSavvy travelers know that the Hollywood Burbank Airport is L.A.’s most hassle-free, convenient, and friendly airport. Close to the Empire Center, high-tech businesses, state-of-the-art conference hotels, and the world famous West Coast Customs.

Neighborhoods of Burbank

18 19HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150422 23

Page 13: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

BURBANKMedia DistrictThe City of Burbank is perhaps best known for its Media Center District, home to the famous Burbank studios. The names of the companies that have purchased property in Burbank for business and movie production reasons is a roll call of movie industry movers and shakers.

Spanning the junction of the Ventura and 101 Hollywood Freeways to the east to the Disney lot environs of Parish place on the east, the Media Center District is densely populated with global brands like Disney, NBC, Warner Brothers, Universal Studios, the CW, and Nickelodeon (to the east of Burbank but included honorarily). The convergence of the freeway, studios, hospital, airport, and Hollywood vicinity makes Burbank unique.

This area is one of the most recognizable tourism destinations in the world due to its famous movie production logos and televisions stations. The Media District of today reflects about eight decades of change and rebuilding of these same lots for television and movie production. The Disney Channel Tower rises high above the 134 Ventura Freeway, and the Disney office premises can be seen with their distinctive building design about a quarter mile up the same freeway.

The Burbank Media District has many production companies and movie and television studios utilizing the convenience to the Hollywood corridor to maintain workable but technically efficient filming facilities. These studio lots and their buildings house sound stages, screening auditoriums, executive office buildings, show studios, sets, dressing rooms, parking lots, security booths, and tours.

20 21HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150424 25

Page 14: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

1 MILE RADIUS

DEMOGRAPHICS

36%/64%221,086

$85,695 $81,824

Daytime Population Owner Occupied/Renter Occupied Housing

Average Household Income Average Household Income

Average Household Income

475,617Population

$70,852

3 MILE RADIUS 5 MILE RADIUS

5 MILE RADIUS5 MILE RADIUS 5 MILE RADIUS

Downtown Burbank is an award-winning urban neighborhood spanning 33-blocks of retail, office, residential and entertainment uses. The area is bounded by Verdugo Avenue, Glenoaks, Burbank Boulevard and the I-5 and contains more than 9,000 free parking spaces. A bustling street scene features city blocks of specialty stores, restaurants, lounges and entertainment.

The City of Burbank’s careful approach to development has maintained Burbank’s small town appeal, while cultivating robust business enterprise, anchored by the media industry. This unique Burbank charm permeates Downtown Burbank down to its brick walkways. Featuring entertainment from billiards to dancing, movies,

a diverse range of restaurants, shopping, salons, services, and unique and specialty establishments, Downtown Burbank serves residents of Burbank and beyond. Once a Johnny Carson punch line, Downtown Burbank really is beautiful. Framed by the Verdugo Mountains and punctuated by the bustle of the active, pedestrian friendly, street accessible area, the Downtown Burbank district features new and long standing businesses, the major City nerve centers, and exciting new area developments.

DOWNTOWN BURBANKDowntown Burbank

Ashley Furniture HomestoreColor Me MineBuffalo Wild WingsBarney’s BeaneryBook Castle-Movie WorldMama Hong’s Vietnamese KitchenKabukiNoah’s BagelsRoss Dress For LessTender GreensGap OutletSit n’ SleepStarbucksFlappers Comedy ClubSteak n’ ShakeHokkaido Seafood BuffetPanera BreadPinkberryUrban HabitatIslandsWood Ranch BBQ & GrillBurbank Bar and GrillGranvilleBurbank PastryGyu-Kaku Japanese BBQStory TavernGordon BierschWokcanoEuropean Wax CenterWild CarveryBed Bath & BeyondMacy’sIkeaOld NavyGaucho Grill

22 23HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150426 27

Page 15: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

HUDSON COMMERCIAL PARTNERS, INC. OVERVIEW

services; sale or lease negotiations based on strong market knowledge and current trends; and build-to-suit analysis and planning.

Hudson Commercial Partners, Inc. wide range of services are applicable to any of the diverse product types categorized as industrial buildings, from manufacturing plants and traditional bulk warehouse/distribution facilities, to more specialized research and development facilities, warehouse/showroom or flex space and high-tech laboratories. Hudson Commercial Partners, Inc. brokers represent institutional investors, individual investors, developers and publicly traded companies as well as large, mid-size and small entrepreneurial companies.

RETAIL SERVICES

We develop customized solutions for our clients’ retail real estate needs through our market-to-market knowledge and vast services, such as strategy, management, finance and brokerage. Our retail team consists of seasoned brokers (typically more than 10 years of experience) who specialize in their respective markets or product types. We stay abreast of the most up-to-date, efficient and effective retail trends and market research in order to achieve our clients’ goals.

SERVING THE TENANTS

Our tenant representation experts can handle not only local and regional assignments but also multi-market projects. In order to better meet our tenants’ needs, we provide industry-leading research and technology, including operational and competitive analysis, demographic, zoning and density studies as well as tenant mix comparisons. We are proud to offer key market identification, store placement

COMPANY OVERVIEW

In 2012, Jay Martinez, Kelly Betpolice and Darin Spillman established Hudson Commercial Partners, Inc. office driven by the unique idea to turn real estate brokers into company owners or “shareholders.” His guiding philosophy centered on a belief that clients’ interests would be best served by a collective team effort from experienced sales agents who had an ownership stake in the privately held organization. This ownership can be earned through superior performance and demonstration of a strong sense of ethics and values. Not merely employees, profit-sharing Hudson Commercial Partners, Inc. owner/agents would strive to create a sense of shared responsibility and cooperation throughout the organization, and would encourage an orientation toward long-term client relationships and innovative business solutions. To further create a vested interest for the Broker/Agent, each principal has the ability to invest in each new office. Mr. Martinez’s profit-sharing concept has proven enormously successful, and has fueled the explosive growth of many group offices throughout worldwide.

HUDSON COMMERCIAL PARTNERS, INC. MISSION

Hudson Commercial Partners, Inc. of companies is dedicated to continuing its leadership role in the commercial real estate market place. These companies provide comprehensive and quality representation to clients locally and nationally in a proactive and responsive manner integrating the highest level of information, support, professionalism and integrity. Our core philosophy of creating an organization of companies, each independently owned by active commercial real estate agents, now translates into the largest agent-owned commercial real estate organization in America.

HUDSON COMMERCIAL PARTNERS, INC.UNSURPASSED CLIENT SERVICE

Today’s businesses are becoming increasingly complex and require unparalleled expertise and market knowledge. That’s why more and more companies throughout the country are entrusting their real estate decisions to Hudson Commercial Partners, Inc..

OFFICE BROKERAGE SERVICES

The firm’s office brokers negotiate various transactions, including mid- and high-rise properties, business and office parks, mixed-use projects, office land for development, multi-tenant buildings and commercial investments. Our brokers analyze the financial arrangements to streamline transactions, and use innovative marketing efforts and unique transaction structuring to provide creative solutions to meet the client’s needs. Our comprehensive service line includes owner and tenant leasing, acquisition and sales, along with marketing and consulting capabilities. We focus on strategic counseling, rather than merely the transaction, in order to execute the best possible real estate strategies for our clients. This includes building strong relationships within the brokerage community overall. As a result, our clients are assured of the broadest exposure possible.

INDUSTRIAL SERVICES

Over the years, Hudson Commercial Partners, Inc. has earned a reputation as one of the leaders in commercial real estate services in selected markets throughout the Southern California. The firm’s industrial transactional specialists offer a comprehensive range of services, such as facility, site and land acquisition/disposition; advisory

HUDSON COMMERCIAL PARTNERS, INC. OVERVIEW

strategy, customer profiles, deal validation and market potential reports. Our vision is to find key locations for our clients that help make a quantifiable difference in their bottom line.

INVESTMENT SERVICES

We combine our market knowledge, experience and resources, which enables our clients to capitalize on the best investment opportunities available. Today, we are one of the leading providers of real estate investment property sales as well as advisory and debt placement services. In order for our clients to achieve their investment objectives, we offer site selection, market research, financial analysis and transaction negotiation.

The strength of our investment brokers lies in our collaborative platform to benefit clients, which include financial institutions, insurance companies, REITs, opportunity funds, pension funds and advisors as well as private investors. Every Hudson Commercial Partners, Inc. office has financial specialists, so clients are assured that we are in constant touch with financial sources and the investor community. Moreover, we understand and monitor the subtle shifts in the real estate cycle so that our clients’ goals can be met.

WHY HIRE HUDSON COMMERCIAL PARTNERS, INC.

1. A Team with a commitment to getting the job done that has the time and energy to implement the marketing plan.

2. A partner with mutual goals.

3. A Team that exclusively represents the interests of Ownership, and not the interests of others.

4. A Team that creates a marketing plan, implements it, and remains accountable at all times.

5. A Team with accurate market and support data for educated decision-making.

6. A Team that has recent experience and success in selling similar retail assets.

7. A Team that covers all viable market areas with a presence in the submarkets of Southern California.

8. A Team that has the work ethic for which we are known and the willingness to always go the extra mile for our clients.

9. A Team with references in investment sales of a similar product type.

10. A Team with a history of past successes in this product type.

11. A Team with the mix of experience, seniority, and youthful enthusiasm for the business.

12. A Team with specializations; exclusive investment sale representation.

13. A Team with a good working relationship with other brokers and the highest ethical and moral business practices and professionalism.

14. A Team with a wide breadth of market exposure so that no potential transaction is overlooked.

15. A Team focused on cultivating long term relationships.

16. Finally and most importantly, a Team with whom you would most like to work and can

unequivocally trust to get the job done.

HUDSON COMMERCIAL PARTNERS, INC.2508 N ONTARIO ST | BUBRBANK, CA 9150428 29

Page 16: CREATIVE OFFICE BURBANK, CA...PROPERTY OVERVIEW LOCATION 2508 N Ontario St., Burbbank, CA 91504 SITE Located on the east side of Ontario St between Thornton Ave and Winona Ave, in

4605 Lankershim Blvd, Suite 214 | Universal City, CA 91602818.212.3057 • www.hudsonpartnersinc.com

© 2020 Hudson Commercial Partners, Inc. The information contained in this document has been obtained from sources believed reliable. While Hudson Commercial Partners, Inc. does not doubt its accuracy, Hudson Commercial Partners, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Hudson Commercial Partners, Inc. logo are service marks of Hudson Commercial Partners, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

www.hudsonpartnersinc.com KELLY BETPOLICEManaging Principal

c: 310.403.8544p: 818.699.1602f: 818.332.4977e: [email protected]

CalBRE: 01470894

This Memorandum (“Offering Memorandum”) has been prepared by Hudson Commercial Partners, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice.

This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of Hudson Commercial Partners, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum.

This Memorandum is being delivered by Hudson Commercial Partners Inc. to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers. Hudson Commercial Partners, Inc. reserves the right to request the return of any or all of the information enclosed.