Updated Jul 14, 2026
Josh Simon Of Funko Expands Office Lease To 57,022 Square Feet In Burbank
3400 Riverside Drive
Building Size
57,022 SF
Asset Type
Office
Closing
Jul 8, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 3400 West Riverside Drive in Burbank, CA. The property encompasses a total of 57,022 square feet and is positioned in a market that has shown significant office availability yet retains attractiveness for entertainment-related businesses.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3400 West Riverside Drive
- Market: Burbank, CA
- Tenant: Josh Simon
- Company: Funko
Josh Simon from Funko plays a pivotal role in this transaction as the tenant relocating to the new space, marking one of the largest office leases in Los Angeles for the second quarter, according to Savills. This move reinforces the submarket's appeal for companies in the entertainment sector.
Players
Burbank 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