kung fu gardens - First Property

ICONIC L.A. RECORDING STUDIO BUILDING (WITH GEAR)
FOR SALE
KUNG FU GARDENS
CONTACT:
GABRIEL J. BROWN
Vice President
gbrown@firstproperty.com
dre 01441920
FIRST PROPERTY REALTY CORPORATION
350 S Beverly Drive, Suite 340
Beverly Hills, CA 90212
(310) 789-1900 | dre 01061413
CONFIDENTIALITY AGREEMENT AND DISCLAIMER
FIRST PROPERTY REALTY CORPORATION | (310) 789-1900 | DRE 01061413
Kung Fu, LLC, a California limited liability company (“Owner”), has retained
First Property Realty Corporation (“First Property”) on an exclusive basis to
sell 10335 Magnolia Blvd., North Hollywood, California (“Property”).
This is a confidential Sale Offering and Marketing Brochure intended solely
for your limited use and benefit in determining whether you desire to
express any further interest in the purchase of the Property. This Sale
Offering and Marketing Brochure contains selected information pertaining to
the Property and does not propose to be all-inclusive or to contain all of the
information, which prospective purchasers may desire.
Owner nor First Property Realty Corporation, nor any of their respective
representatives, have made any representation or warranty, expressed or
implied, as to the accuracy or completeness of this Sale Offering and
Marketing Brochure or any of its contents. No legal commitment or
obligation shall arise by reason of this Sale Offering and Marketing Brochure
or its contents. It should be noted that the any prospective purchaser or
Buyer must verify the information and bears all risk for any inaccuracies. Any
financial projections provided herein are for general reference purposes only
and are based on assumptions relating to the general economy, competition
and other factors beyond the control of the owner and First Property and
therefore are subject to material variation. Additional information and an
opportunity to inspect the property are available to interested and qualified
prospective buyers.
Owner and First Property Realty Corporation expressly reserve the right, at
their sole discretion, to reject any or all expressions of interest, offers to
purchase the Property and/or to terminate discussions with any entity at any
time. Owner shall have no legal commitment or obligation to any entity
reviewing this Sale Offering and Marketing Brochure or making an offer to
purchase the Property unless and until a fully executed written agreement(s)
for the purchase of the Property and all contractual conditions and obligation
hereunder have been satisfied or waived by Owner and at Owner's sole
discretion.
By receipt of this Sale Offering and Marketing Brochure, you agree that its
contents and all independent studies are of a confidential nature and that
you hold and treat them in the strictest confidence. You will not disclose any
of the contents herein or the information from independent studies to any
other entity without prior written authorization of Owner or First Property
Realty Corporation. You will not use this Sale Offering and Marketing
Brochure or any of its contents or the information from independent studies
in any fashion or manner, whether perceived as detrimental or not to the
interest of the Owner or First Property Realty Corporation. All information
related to the Property contained herein or obtained independently shall be
kept strictly confidential.
KUNG FU GARDENS
Purchase Price:
$4,495,000*
*Sale includes studio gear
and equipment (including a
Neve 8078). Extensive gear
list is available upon
request. Property will be
delivered vacant at close of
escrow.
Address:
10335 Magnolia Boulevard
North Hollywood, California
Building Size:
9,755 sf
Land Size:
11,420 sf (0.26 Acres)
Occupancy:
Delivered 100% Vacant at closing
Year Built:
1943 original construction
(2005 - extensively renovated)
Floors:
Single story with loft area
Parking:
Gated - up to 7 cars
(abundant parking in the area)
Bathrooms:
Five (5)
Zoning:
C2 Commercial
(many other uses possible)
KUNG FU GARDENS
MAGNOLIA BLVD APN:
2417-018-005
BOB HOPE
AIRPORT
BURBANK
NOHO
ARTS
DISTRICT
Kung Fu Gardens
WARNER BROS STUDIO
CBS STUDIOS
STUDIO CITY
UNIVERSAL CITY
KUNG FU GARDENS
EXCEPTIONAL PROPERTY ATTRIBUTES
Beautiful high-end design, true “one-of-a-kind” property
High vaulted ceilings and skylights throughout
Private courtyard with fountain
Four (4) separate locking offices/rooms including a “nap room” with
king size bed. 3 of the 4 rooms have large flat screen HDTV’s
Spa area with Sauna, 8-person heated multi-jet whirlpool and full
bath. Gym area with workout equipment and wall-mounted TV
Large eat-in kitchen which includes stainless steel appliances,
subzero refrigerator/freezer, and large flat screen HDTV’s
Five (5) bathrooms (4 half bath and 1 full bath)
Lobby/reception area with built-in desk with copy/printer systems
and security camera monitors
Utility room with stackable washer/dryer
Full security and fire alarm system including 16 cameras on exterior
and interior perimeter
Fireproof vault and iron roll down “zombie” doors
Controlled access entry, secured gated parking and walk-thru
Zonal central HVAC throughout
Dedicated storage room with floor to ceiling shelving, multiple
other storage rooms throughout (including temperature controlled
tape storage room)
KUNG FU GARDENS
This information has been secured from sources we believe to be reliable,
but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. Buyer must verify the information and bears
all risk for any inaccuracies.
GABRIEL J. BROWN
Vice President
gbrown@firstproperty.com
dre 01441920
FIRST PROPERTY REALTY CORPORATION
350 S Beverly Drive, Suite 340
Beverly Hills, CA 90212
(310) 789-1900 | dre 01061413