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1005 N Madison Ave 896 - 1,792 SF of Office/Retail Space Available in Los Angeles, CA 90029
HIGHLIGHTS
- Prime Location in Virgil Village
- Turnkey Creative office/retail space
- Curated Mix of Creative Tenants
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 1013-1015 | 896-1,792 SF | 9’ | Negotiable | $49.42 CAD/SF/YR $4.12 CAD/SF/MO $88,553 CAD/YR $7,379 CAD/MO | Plus All Utilities |
1st Floor, Ste 1013-1015
Steps away from Santa Monica Blvd in Virgil Village and on the edge of Silver Lake, Madison Lofts is a creative entrepreneur’s paradise that offers easy access to several popular local amenities. As tenant, you will enjoy daily lunch strolls coffee bars, restaurants, shops. They have been impeccably renovated with modern finishes, complementing historic charm building. 2 Adjacent units available, each approx 896 SF. Can be lease together or separately. Introductory price for the first 6 months of $5,285/Mo + Utilities for anyone that rents both units. Individually, the asking rent is $3500/Unit + Utilities. The unit(s) comes with bathroom, custom amenities, and private entrance. Visible corner building on North Madison Ave, near Sqirl, Melody, Virgil Normal, Butter Cake Shoppe, Flounce Vintage, ROAM, Jewel, Vinovore, Cafecito Organico, and many other high-quality restaurant concepts and shops. Walkable neighborhood just steps from Sunset Junction. Close to Red Line’s Santa Monica/Vermont Station and located in a State Enterprise Zone.
- Listed lease rate plus proportional share of utilities
- Mostly Open Floor Plan Layout
- Fits 3 - 15 People
- 1 Private Office
- 1 Conference Room
- 8 Workstations
- Finished Ceilings: 9’
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Plug & Play
- Natural Light
- Open-Plan
- Professional Lease
- Smoke Detector
- Prime Location in Virgil Village
- Curated Mix of Creative Tenants
- Turnkey Creative office/retail space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 1005 N MADISON AVE, LOS ANGELES, CA 90029
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- David Suh Photography
- Photographer
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| David Suh Photography | Photographer | 1 | Local |
PROPERTY FACTS
| Total Space Available | 1,792 SF | Gross Leasable Area | 6,877 SF |
| Min. Divisible | 896 SF | Year Built | 1925 |
| Property Type | Retail | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,792 SF |
| Min. Divisible | 896 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,877 SF |
| Year Built | 1925 |
| Parking Ratio | 0.58/1,000 SF |
ABOUT THE PROPERTY
Steps away from Santa Monica Blvd in Virgil Village and on the edge of Silver Lake, Madison Lofts is a creative entrepreneur’s paradise that offers easy access to several popular local amenities. As tenant, you will enjoy daily lunch strolls coffee bars, restaurants, shops. They have been impeccably renovated with modern finishes, complementing historic charm building. 2 Adjacent units available, each approx 875 SF. Can be lease together or separately. Asking Rent is $3500/Unit + Utilities. The unit(s) comes with bathroom, custom amenities, and private entrance. Visible corner building on North Madison Ave, near Sqirl, Melody, Virgil Normal, Butter Cake Shoppe, Flounce Vintage, ROAM, Jewel, Vinovore, Cafecito Organico, and many other high-quality restaurant concepts and shops. Walkable neighborhood just steps from Sunset Junction. Close to Red Line’s Santa Monica/Vermont Station and located in a State Enterprise Zone.
- 24 Hour Access
- Bus Line
- Corner Lot
- Metro/Subway
- Security System
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
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1005 N Madison Ave
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