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100 S California St Burbank...

Warner Bros. Leases Office Headquarters In Burbank's Media District
LEASEDOffice

Warner Bros. Leases Office Headquarters In Burbank's Media District

100 S California St Burbank, CA 91505, USA

$44

$44/SF

Building Size

800,000 SF

Asset Type

Office

Closing

May 15, 2023

AI

Warner Bros. is moving into a new office headquarters in Burbank's Media District. The office is part of the 800,000-square-foot Second Century project, designed by Frank Gehry. The project commemorates Warner Bros.' 100-year anniversary and will be located at 100 South California Street. The office will accommodate approximately 4,500 employees.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Market: Burbank
  • Landlord: Worthe Real Estate Group & Stockbridge Capital Group
  • Tenant: Warner Bros. - David Zaslav
  • Asking Rent: $44.3/ft.
  • Square Footage: 800,000

David Zaslav will be representing Warner Bros. in the lease deal. The move to the new office headquarters represents a significant milestone for Warner Bros., as they continue to expand and cater to their workforce.

Players

Stockbridge
StockbridgeLandlord

David Zaslav

Tenant

$175M

vol

3 deals

Tenant
WB
Warner Bros.Tenant

Los Angeles Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93