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Downing Center 15525-15569 Union Ave 1,120 - 9,901 SF of Retail Space Available in Los Gatos, CA 95032
HIGHLIGHTS
- Very busy Safeway anchored shopping center with a good combination of food and beverage tenants as well as personal services and fitness.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A8 | 1,972 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste B4/B5 | 2,609 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste B7 | 1,120 SF | 5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste C | 1,802-4,200 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
15525-15595 Union Ave - 1st Floor - Ste A8
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Highly Desirable End Cap Space
- Can potentially be a restaurant.
- Patio area in place.
15551-15569 Union Ave - 1st Floor - Ste B4/B5
Broad storefront with great glass and possibilities for outdoor seating in front of the space.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Great glass and light into the space.
15551-15569 Union Ave - 1st Floor - Ste B7
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
15521 Union Ave - 1st Floor - Ste C
Former Chase Bank. Now closed. No vault in the space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is an outparcel at this property
- Space is in Excellent Condition
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.
SITE PLAN
SELECT TENANTS AT DOWNING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Safeway
- Retailer
- -
- -
- Starbucks Coffee Company
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Safeway | Retailer | - | - |
| Starbucks Coffee Company | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 9,901 SF | Center Properties | 3 |
| Min. Divisible | 1,120 SF | Frontage | 1,290’ on Union Ave |
| Center Type | Neighborhood Center | Gross Leasable Area | 71,820 SF |
| Parking | 311 Spaces | Total Land Area | 6.30 AC |
| Stores | 19 | Year Built | 1992 |
| Total Space Available | 9,901 SF |
| Min. Divisible | 1,120 SF |
| Center Type | Neighborhood Center |
| Parking | 311 Spaces |
| Stores | 19 |
| Center Properties | 3 |
| Frontage | 1,290’ on Union Ave |
| Gross Leasable Area | 71,820 SF |
| Total Land Area | 6.30 AC |
| Year Built | 1992 |
ABOUT THE PROPERTY
Located a half mile off of Highway 85 and one exit south of Highway 17. This is a very busy Safeway anchored neighborhood shopping center. The neighborhood has strong demographics and a good daytime population.
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Downing Center | 15525-15569 Union Ave
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