Offering Memorandum

736 Salem Street, Glendale, CA

EXCLUSIVELY LISTED BY

VAHAN SAROIANS#1 Commercial Real Estate BrokerColdwell Banker Los Feliz1917 Hillhurst Ave.Los Angeles, CA 90027

Dir: (323) 497-6655Fax: (323) 665-0406License # 01085051Saroians@aol..com

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TABLE OF CONTENTS

PROPERTY OVERVIEW.........................................

EXECUTIVE SUMMARY .......................................

ESSENTIAL INFORMATION..................................

PHOTOS.................................................................

PROPERTY MAPS.................................................

AREA MAP ............................................................

STREET MAP ........................................................

MARKET OVERVIEW.............................................

GENERAL OVERVIEW...........................................

CONFIDENTIALITY DISCLOSURE........................

CONTACT................................................................

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PROPERTY OVERVIEW

Executive Summary

Vahan Saroians and Coldwell Banker Commercial, NRT are proud to exclusively offer for sale the property located at 736 Salem St. Glendale, CA 91203. The Bridge Recording is the largest privately held (non-studio) recording studio that specializes in recording music for media. The 6,540 square foot facility was completed in 2010, using the finest and most advanced finishes.

The expansive live room and 2 isolation booths encompass nearly 2,000 square feet of acoustically perfect and isolated recording space. The main room is 47 feet by 37 feet, with tall ceilings. The isolation booths are 12 by 17 feet, with 11 foot ceilings. Groups of up to 65 musicians and 70 singers have recorded in the large room.

The large Control Room with over 800 square feet of space, is built with a custom-built ATC 300 LCR, and a built-in 5.1 or 7.1 theatrical surround array. The 96 channel Neve VRP from Paramount Pictures Stage M is fully refurbished and 100% operational. KVM tie lines allow seamless operation of up to 5 independent ProTools rigs from the machine room. Other capabilities include HD video distribution, HD video tie lines throughout the facility. This room is purpose-built from the ground up and carefully tuned to be an exceptional mix room.

Other notable items included in the sale are our Steinway D concert grand piano, which is from Steinway’s own Artist Bank. We have over 100 quality microphones, a custom built DECCA Tree, a large conductor’s podium, headsets and chairs to outfit a 60-piece orchestra, platforms and choir risers.

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E S S E N T I A L I N F O R M AT I O N

Price $3,950,000

Year Built 1952

Estimated Building Size 6,524 SF

Estimated Lot Size 7,094 SF

Estimated Size of Live Room $248,225

Live Room Ceiling 22 FT

Number of Isolated Booths 2

Console 96 channel Neve VRP

Parking 18 Spaces Leased

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PHOTOS

PROPERTY MAPS

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Area Map

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Street Map

MARKET OVERVIEW

MARKET OVERVIEW

General Overview

Glendale is the third lagest city in Los Angeles County and the 23rd-largest city in California. It is located about 8 miles (13km) north of Downtown Los Angeles.

Glendale lies on the southeastern end of the San Fernando Valley, bisected by the Verdugo Mountains, and is a suburb in the Greater Los Angeles Area. The city is bordered to the northwest by the Sun Valley and Tujunga neighborhoods of Los Angeles; to the northeast by La Cañada Flintridge and the unincorporated area of La Crescenta; to the west by Burbank and Griffith Park; to the east by Eagle Rock and Pasadena; to the south by the Atwater Village neighborhood of Los Ange-les; and to the southeast by Glassell Park neighborhood of Los Angeles. The Golden State, Ventura, Glendale, and Foothill freeways run through the city.

The city experienced significant development in the 1970s, with the completion of the Glendale Freeway (Highway 2) and the Ventura Freeway (Highway 134). This included redevelopment of Brand Boulevard, renovation of the 1925 Alex The-atre, and construction of the Glendale Galleria shopping mall which opened in 1976, and the Americana mixed use devol-opment in 2008.

TRANSPORTATION

CarThe 134 Freeway runs through East to West and connects to the 5 and the 2 Freeways which run North and South. The 210 freeway runs through the most northern part of Glendale through Crescenta Highlands.

RailGlendale Transportation Center provides connections to three train lines, Amtrak Pacific Surfliner, and Metrolink Antelope Valley and Ventura County lines.

BusesLADOT, Metro Local, Metro Rapid, and Glendale Beeline all have buses that run in the city.

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Confidentiality Statement

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the cir-cumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REP-RESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-bind-ing letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

©2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

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EXCLUSIVELY LISTED BY

VAHAN SAROIANS#1 Commercial Real Estate BrokerColdwell Banker Los Feliz1917 Hillhurst Ave.Los Angeles, CA 90027

Dir: (323) 497-6655Fax: (323) 665-0406License # 01085051Saroians@aol.com

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