Updated Jul 16, 2026
James Dolan Of Sphere Entertainment Group Leases 39,334 Square Feet Office In Burbank
3333 Empire Avenue
Building Size
39,334 SF
Asset Type
Office
Closing
Jul 9, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 3333 West Empire Avenue in Burbank, CA. This facility has a total square footage of 39,334 and is situated in a market that is characterized by a focus on media and entertainment companies, prompting demand for office space despite existing vacancy challenges.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Asset Square Footage: 39,334
- Address: 3333 West Empire Avenue
- Market: Burbank, CA
- Tenant: James Dolan
- Company: Sphere Entertainment Group
James Dolan represents the Sphere Entertainment Group in this relocation deal, confirming the company's commitment to remaining within Burbank as it occupies the new space. This move aligns with ongoing trends of entertainment firms maintaining a presence in this significant regional market.
Players
Ceres 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93