™Restaurant w/ 47-licenSe or Fitness Space Available

224 E Olive Ave burbank, CA 91502

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LOCATION HIGHLIGHTS

» Rare one of a kind opportunity in the heart of downtown Burbank

» Great space for restaurant/bar, fitness or creative studio

» Space approved by city for 47-licence restaurant with live acoustic music

» Shared retail parking garage behind the property with 100+ parking spots

» Very strong residential demographics

» E Olive Ave sees ±20,000 VPD

» Located less than a half-mile from three major hotels:Holiday Inn Burbank-Media Center, Hilton Garden Inn Burbank Downtown and SpringHill Suites by Marriott Los Angeles Burbank/Downtown

1-MILE DEMOGRAPHICS

40,065

POPULATION AVERAGEHOUSEHOLD INCOME

$73,092

NUMBER OFHOUSEHOLDS

16,783

R e s t a u r a n t / B a r S p a c e A v a i l a b l e 224 E Olive Ave Burbank, CA 91502

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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 AverageHousehold Income $73,092 $88,431 $86,204

2017 MedianHousehold Income $56,747 $69,182 $62,799

DEMOGRAPHICS

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LOCATION MAP

Subject Property

Asking Rate Negotiable

Address 224 E Olive Ave Burbank, CA 91502

Cross Streets Olive & San Fernando

GLA ± 4,200 SF can bed demised

Asking $2.00 - $2.50 PSF NNN*

*NNNs currently approximately $.50 PSF

PROPERTY DESCRIPTION

E OLIVE AVE ± 20,000 ADT

Free Parking Garage

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GROUND FLOOR RETAIL TENANTS

OLIVE AVENUE ±11 ,000 ADT

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DT817 SF

Creat ive Off ice

Enterance to Basement Space

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OLIVE AVENUE ±11 ,000 ADT

S S

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DT817 SF

Creat ive Off ice

66

PROPOSED ENTRY RENDERINGS

Main EntranceOlive Ave Street View

Private Entrace to Bar/Restaurant

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RETAIL TRADE AREA

±221,000 ADT

Burbank Town Center Redevelopment

S u b j e c t P r o p e r t yFlappers Comedy

Club Burbank

AREA OVERVIEW

BURBANKDowntown Burbank has been revitalized, encompassing thirty-four blocks of retail, office, residential and entertainment destinations that include more than 200 shops and 80 restaurants like Macy’s, IKEA, AMC and the Burbank Town Center. This has been named as “one of Southern California’s most appealing urban centers by Sunset Magazine.

Burbank is home to many employees of the motion picture, digital cinema and television studios located in the area. It is estimated that 100,000 people work in Burbank every day. Burbank has the second-largest office space market in the San Fernando Valley, much of which is utilized by theentertainment industry. These have some of the highest lease rates in the region.

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 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 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.

SHOPPING CENTERThe three level shopping center is being repositioned to be the premier shopping destination in the local foothill area. The goal is to connect the mall to San Fernando Boulevard and Magnolia Boulevard and provide a new authentic experience for shoppers.

Renovations to the levels will include the following:1. New food court and the lower level2. New foyer entrances with direct connection from the garages 3. Expanded tenant presence on Magnolia Blvd4. New escalators to create a strong connection from the dining terrace to the street5. New terrace patio with canopy, lounge seating, shaded outdoor rooms, lighting,

umbrellas, planters, and several dining options

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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 technologyand 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 includeWarner Bros. Entertainment, Disney, NBC Universal, ABC Entertainment. Financial firms include Western Asset Management Company, Wesco Financial, and East WestBank 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.

TOP EMPLOYERS

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Burbank is located just 12 miles northwest of downtown Los Angeles 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 Metrolink 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 Southern California freeways via I-5 and the Ventura Freeway which connects Burbank to the US Route 101 and the nearby Foothill Freeway to the east.

TRANSPORTATION

Subject Property

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This Leasing Package contains select informat ion pertaining to the business and af fa i rs of Property located at 224 E Ol ive Ave , Burbank, CA (“Property” ) . I t has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be al l - inclusive or contain a l l of the informat ion a prospect ive lessee may desire. The informat ion contained in th is Leasing Package is conf ident ia l and furnished solely for the purpose of a review by a prospect ive lessee of the Property. The mater ia l is based in part upon informat ion suppl ied by the Owner. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Leasing Package or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive lessees should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to lease the Property and to terminate discussions with any person or ent i ty reviewing this Leasing Package or making an of fer to lease the Property unless and unt i l a lease has been ful ly executed and del ivered.

In no event shal l a prospect ive lessee have any other c la ims against Owner or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing of the Property.

This Leasing Package shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Leasing Package.

CONFIDENTIALITY & DISCLAIMER STATEMENT

224 E Olive Ave I Burbank, CA

R e s t a u r a n t / B a r S p a c e A v a i l a b l e

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™

EXCLUSIVE LEASING AGENTS

JOSH CORDRAY Associate Retail Leasing

Josh.Cordray@matthews.comdirect (310) 919-5839mobile (818) 489-3212 Lic # 02039302 (CA)

MICHAEL PAKRAVAN EVP & National Director Retail Leasing

Michael.Pakravan@matthews.comdirect (310) 919-5737mobile (213) 219-3111 Lic # 01706065 (CA)

2 2 4 E O L I V E A V E | B U R B A N K , C A

R e s t a u r a n t / B a r B a s e m e n t S p a c e A v a i l a b l e