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203 N LAKE ST.BURBANK, CA 91502
OFFERING MEMORANDUM LISTED AT | $1,900,000
OWNER-USER / REHAB DEVELOPMENT OPPORTUNITY
INDUSTRIAL / CREATIVE OFFICE BUILDING
2 3
TABLE OF CONTENTS
SECTION ONE 04EXECUTIVE PROFILE
SECTION TWO 08PROPERTY INFORMATION
© 2017 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.
This Memorandum (“Offering Memorandum”) has been prepared by Hudson Partners 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 Partners, 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 Partners 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 Partners reserves the right to request the return of any or all of the information enclosed.
HUDSON COMMERCIAL PARTNERS, INC. - 54 - HUDSON COMMERCIAL PARTNERS, INC.
Address 203 N Lake Street Burbank, CA 91502
Sales Price $1,900,000
Price/SF (bldg) $604.13
Price /SF (Land) $132.42
Property Type Industrial
Existing Building SF 3,145 SF Lot Size 14,348 SF
Year Built 1937
Occupancy MTM Tenancy
APN 2451-013-023
Zoning BUM1
Land Use Designation North Victory Commercial / Industrial
Maximum FAR Development (Maximum 1.0 FAR)
PROPERTY OVERVIEW
HUDSON COMMERCIAL PARTNERS, INC. - 76 - HUDSON COMMERCIAL PARTNERS, INC.
site description Physical description
PROPERTY INFORMATION
DESCRIPTION SPECIFICATION
CURRENT EMPROVEMENT 1 Building
BUILDING SIZE 3,145 SF
PARCEL AREA 14,348 SF
APN 2451-013-023
NUMBER OF FLOORS 1
FLOOR-TO-AREA RATIO 0.22
ZONING BUM1
PARKING 27 Spaces
PARKING RATIO 8.6 / 1,000 SF
YEAR BUILT 1937
TENANCY MTM
LOT DIMENSIONS 110.4’ x 129.97’
STREET FRONTAGE 107.27’ on North Lake Street & 125.66’ on Orange Grove
CROSS STREET West Orange Grove Avenue
HIGHWAY ACCESS 5 and 134 Freeways
DESCRIPTION SPECIFICATION
CONSTRUCTION TYPEConcrete Slab, Wood Framing, Metal Structure, Masonary Shear Walls & Stucco
FOUNDATION Concrete Slab
CURRENT USE Multi-Tenant Industry
FIRE PROTECTION TBD
HVAC Compressor Units
CLEAR HEIGHT 18 Max
PERMITED DEVELOPMENT FAR 1.0 Max
HEIGHT LIMITATION 35 Feet by Right
LAND USE Refer to Burbank 2035 General Plan
OWNER/USER PROPERTY DESCRIPTION
Hudson Commercial Partners, Inc. is pleased to present 203 N Lake Street in the city of Burbank. The building improvements consists of three industrial buildings with an aggregate square footage of approximately 3,145 SF with 14,348 square feet of M1 Zoned land. The property has excellent exposure along N Lake Street and W Orange Grove Ave. Furthermore, the subject property is located adjacent (once parcel to the North) to Nickelodeons New West Coast headquarters.
Nickelodeons facility now includes a new five-story, class A office building. A 200,000 square-foot, state-of-the-art, sustainable complex building, an expansive, redesigned courtyard and the newly renovated original 72,000 square-foot studio. The subject parcels are part of the North Victory Commercial/Industrial land use designation with a buildable FAR of 1.0 and 36 foot height limit By-Right.
The offering provides an opportunity for an owner user to occupy the space based on its current improvements as a warehouse/flex property or reposition the property to creative offices. In addition, an owner/user can acquire a property with 10% down. Now is the time to take advantage of low interest rates and protect your business from future rental market spike.
The property is also strategically located within a close proximity to the 134 and 5 freeways, in the immediate vicinity to downtown Burbank redevelopment district.
HIGHLIGHTS
• Adjacent to Nickelodeon’s New West Coast Headquarters
• Low building to land ratio offers an opportunity for expansion or redevelopment
in the future
• Well suited for Warehouse or Creative Office with a buildable FAR of 0.22
• Own Versus Lease-Purchase as an owner-user and capitalize on the low
interest rate financing
PROPERTY FEATURES
SECTION 2 | PRO
PERTY INFO
RMATIO
N
NEW NICKALODEON CAMPUS ADJACENT TO 203 N LAKE
HUDSON COMMERCIAL PARTNERS, INC. - 1110 - HUDSON COMMERCIAL PARTNERS, INC.
AERIAL OVERVIEW PLAT MAP
HUDSON COMMERCIAL PARTNERS, INC. - 1312 - HUDSON COMMERCIAL PARTNERS, INC.
PROPERTY PHOTOS PROPERTY PHOTOS
HUDSON COMMERCIAL PARTNERS, INC. - 1514 - HUDSON COMMERCIAL PARTNERS, INC.
HUDSON COMMERCIAL PARTNERS, INC. - 1716 - HUDSON COMMERCIAL PARTNERS, INC.
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PD 99-1
PD 2001-3
Zone LegendR-1 Single Family ResidentialR-1-H Single Family Residential HorsekeepingR-2 Low Density ResidentialR-3 Medium Density ResidentialR-4 High Density ResidentialR-5 Very High Density ResidentialMDR-3 Media District R-3MDR-4 Media District R-4MDR-5 Media District R-5C-2 Commercial Limited BusinessC-3 Commercial General BusinessC-4 Commercial Unlimited BusinessM-1 Limited IndustrialM-2 General IndustrialMDC-2 Media District Limited CommercialMDC-3 Media District General BusinessMDC-4 Media District Commercial/Media ProductionMDM-1 Media District IndustrialNB Neighborhood BusinessGO Garden OfficeRC Rancho CommercialC-R Commercial RecreationRBP Rancho Business ParkBCC-1 Burbank Center Commercial Retail-ProfessionalBCC-2 Burbank Center Commercial Limited BusinessBCC-3 Burbank Center Commercial General BusinessBCCM Burbank Center Commercial ManufacturingAD Auto DealershipMPC-1 Magnolia Park Commercial Retail-ProfessionalMPC-2 Magnolia Park Limited BusinessMPC-3 Magnolia Park General BusinessCEM CemeteryAP AirportRR RailroadOS Open SpacePD Planned Development
PD 89-4
PD 94-1
PD 2000-4PD 99-2
PD 95-1
PD 87-1
PD 98-2 PD 89-2PD 92-2
PD 2000-1 PD 2000-2
E M
AG
NO
LIA
BLV
D
E O
LIV
E A
V
N GLENOAKS BLVD
N 3RD ST
S SAN FERNANDO BLVD
S 1ST ST
E V
ER
DU
GO
AV
PD 2002-2
PD 2002-3PD 2002-1
PD 2003-2
PD 99-4
Zone MapLast Amended
Ordinance No.
I
I
Downtown Detail (no scale)
The data represented on this map are for reference only. Thismap is provided without warranty of any kind, either express orimplied, including but not limited to the implied warranties ofmerchantability or fitness for a particular purpose. All dimensionsand spatial representations should be independently verified.
This map may not be reproduced by any means, in whole or in part,for the purposes of sale of distribution.
0 10.5Mile
M. F
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Zon
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Dat
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R-1 Single Family Residential
R-1-H Single Family Residential Horsekeeping
R-2 Low Density Residential
R-3 Medium Density Residential
R-4 High Density Residential
R-5 Very High Density Residential
MDR-3 Media District R-3
MDR-4 Media District R-4
MDR-5 Media District R-5
NSFC
C-2 Commercial Limited Business
C-3 Commercial General Business
C-4 Commercial Unlimited Business
M-1 Limited Industrial
M-2 General Industrial
MDC-2 Media District Limited Commercial
MDC-3 Media District General Business
MDC-4 Media District Commercial/Media Production
MDM-1 Media District Industrial
NB Neighborhood Business
GO Garden Office
RC Rancho Commercial
C-R Commercial Recreation
RBP Rancho Business Park
BCC-1 Burbank Center Commercial Retail-Professional
BCC-2 Burbank Center Commercial Limited Business
BCC-3 Burbank Center Commercial General Business
BCCM Burbank Center Commercial Manufacturing
AD Auto Dealership
MPC-1 Magnolia Park Commercial Retail-Professional
MPC-2 Magnolia Park Limited Business
MPC-3 Magnolia Park General Business
CEM Cemetery
AP Airport
RR Railroad
OS Open Space
PD Planned Development
Zone Legend
North San Fernando Commercial
October 20, 20123830
City of Burbank
ZONING & TYPICAL ENTITLEMENT PROCESS NORTH VICTORY COMMERCIAL / INDUSTRIAL
The North Victory Commercial/ Industrial area is a mix of commercial and light industrial uses. This area tends to be lower in intensity
than industrial uses found near Bob Hope Airport. These uses abut institutional uses, such as the Burbank Water and Power (BWP) power
plant, railroads, and Chandler Bikeway. The west side of the North Victory area features pedestrian accessibility that is more developed
than the east side. The City seeks to introduce more residential uses within this area and to continue to promote economic development
by encouraging community‐scale commercial uses. The City also seeks to preserve industrial uses placed near institutional uses and
corridors and neighborhood mixed‐uses near Chandler Bikeway. Supplemental land use goals and policies for this area are provided in the
Burbank Center Plan.
HUDSON COMMERCIAL PARTNERS, INC. - 1918 - HUDSON COMMERCIAL PARTNERS, INC.
DR Staff Meeting-The purpose of the meeting is for the applicant to receive comments back from other departments
Application Review- Applicant will receive a letter within 30 days from submittal stating that the application is complete/incomplete-Environmental review / CEQA **
Applicant will receive a letter with scheduled dates
-Including DR staff meeting and community meeting
Community Meeting-The purpose of the meeting is to allow an open discussion with the public on any questions or concerns about the project
Project planner will
arrange a visit to the project
site
Applicant needs to post a
sign on the project site 10 days prior to Community
Meeting
The applicant or a
representative is required to
attend the meeting
If the decision is appealed within 15 days, the project will be heard at a Planning Board public hearing
If no one responds within the 15 day appeal period, the decision is final and construction plans can be turned in for plan check if approved
•Development Review (DR)
Entitlement Process (w/public hearing)Administrative Application Process City of BurbankPlanning and Transportation Division
(818) 238-5250www.burbankusa.com/planning
150 N. Third StreetBurbank, CA 91502
Public Notice-Notices will typically be mailed out 10 days prior to the community meeting
Application Submittal-Submit complete application package(including applications, project plans, mailing labels, and application fee)
Submit applications at the Planning
counter
People within a 1,000 foot radius will be
notified
The applicant or a
representative is required to
attend the meeting
Final Decision-The Director will decide to approve (with conditions) or deny the project
Approximate Time to process application:
3-4 months after the application is deemed complete
** Environmental review is theprocess to ensure that a projectmeets the requirements of theCalifornia Environmental QualityAct (CEQA).
Administrative Application Process
Application Submittal- Submit complete application package (including applications, project plans, mailing labels, and application fee)
Application Review-Applicant will receive a letter within 30 days from submittal stating that the application is complete/incomplete
- Environmental review / CEQA **
Public Notice-Notices will typically be mailed out 10 days prior to decision date
Final Decision-The Director will decide to approve (with conditions) or deny the project
Submit applications
at the Planning counter
Project planner will arrange a visit to the project site
Radius of notices varies based on the
type of application
If the decision is appealed within 15 days, the project will be heard at a Planning Board public hearing
If no one responds within the 15 day appeal period, the decision is final and construction plans can be turned in for plan check if approved
•Accessory Structure Permit•Administrative Use Permit•Hillside Development Permit•Minor Fence Exception•Second Dwelling Unit
City of BurbankPlanning and Transportation Division
(818) 238-5250www.burbankusa.com/planning
150 N. Third StreetBurbank, CA 91502
Approximate Time to process application:
3-4 months after the application is deemed complete
*NOTE: The Accessory Structure Permit will take approximately 2-3 months to process
** Environmental review is theprocess to ensure that a projectmeets the requirements of theCalifornia Environmental QualityAct (CEQA).
ENTITLEMENT PROCESS ENTITLEMENT PROCESS
HUDSON COMMERCIAL PARTNERS, INC. - 2120 - HUDSON COMMERCIAL PARTNERS, INC.
I HEART BURBANK DEVELOPMENT
JAY MARTINEZManaging Principal
STUDIO CITY OFFICE11846 Ventura Blvd., #140
Studio City, CA 91604
BEVERLY HILLS OFFICE9301 Wilshire Blvd., Suite 206
Beverly Hills, CA 90210
Cal BRE: 01367663
CONTACT
C: 818.212.3057
P: 818.699.1603 F: 818.688.8140
www.hudsonpartnersinc.com
KELLY BETPOLICEManaging Principal
11846 Ventura Blvd.Suite 140Studio City, CA 91604
Cal BRE: 01470894
CONTACT
C: 310.403.8544
O: 818.699.1602
F: 818.332.4977
WEBSITEwww.hudsonpartnersinc.com
