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22 Malaga Cove Plz 2,171 - 7,350 SF of Space Available in Palos Verdes Estates, CA 90274
Highlights
- Located in one of the most architecturally significant and scenic retail centers in Southern California
- High visibility and foot traffic from both tourists and affluent locals
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste A | 2,171 SF | 10’ - 18’ | 5 Years | $52.61 CAD/SF/YR $4.38 CAD/SF/MO $114,213 CAD/YR $9,518 CAD/MO | Modified Gross | |
| 1st Floor, Ste B | 2,381 SF | 10’ - 18’ | 5 Years | $52.61 CAD/SF/YR $4.38 CAD/SF/MO $125,260 CAD/YR $10,438 CAD/MO | Modified Gross | |
| 2nd Floor, Ste C | 2,798 SF | - | 5 Years | $52.61 CAD/SF/YR $4.38 CAD/SF/MO $147,198 CAD/YR $12,266 CAD/MO | Modified Gross |
1st Floor, Ste A
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’ - 18’
- All retail uses
- Ground-level space
- Excellent corner visibility
- Suited for a wine bar, wellness, cafe, or retail
- Beautiful brick 30 foot outdoor covered arcade
1st Floor, Ste B
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’ - 18’
- All retail
- Ground-level space
- Excellent corner visibility
- Suited for wine bar, wellness, cafe, or lifestyle
- Beautiful brick 30 foot outdoor covered arcade
2nd Floor, Ste C
Use: Creative office & all retail use, medical, gym, wellness studio 1) First floor lobby entrance — 266 SF 2) Second floor ocean view — 1,763 SF •Soaring 2-story glass wall •Private balcony •Natural light and airflow •Ocean views from upper levels •Private balcony with sliding glass access 3)Third floor mezzanine — 769 SF • Vaulted exposed wood ceilings • Ideal for executive office, private treatment room, or lounge
- Listed rate may not include certain utilities, building services and property expenses
- Creative office or all retail use
- First floor lobby entrance - 266 SF
- Second floor ocean view - 1,763 SF
- Third floor mezzanine - 769 SF
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.
Property Facts
| Total Space Available | 7,350 SF | Gross Leasable Area | 7,945 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Restaurant |
| Total Space Available | 7,350 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,945 SF |
| Year Built | 1957 |
About the Property
Will you be one of the few to get into one of California's most iconic and historic community plazas? New retail and restaurant concepts are already coming to the plaza. New businesses include a luxury retail boutique, frozen yogurt, a wine bar, and a pilates studio. Large community parking area, highly trafficked area by locals and visitors. Massive demographic, millennial shift, opening new demand for restaurant and services that cater to upwardly mobile families. Rare openings for your concept include: 2 planned ground level spaces 2,171 SF & 2,381 SF, both perfect for restaurant or retail use. 1 space second level 2,798 SF, ideal for gym or creative office use. RTI plans for facade renovation and interior shell TI will include: •400A panel, 3 phase with separate meters •Common trash enclosure •5 ton HVAC to each space •12-20 foot open beam ceiling •New storefront windows and doors to all spaces •Concrete floors on base level •Ocean view from second story space with private balcony, new glass wall, & access will create excellent light & airflow •Base level space includes a bank vault room with stainless vault door
- Banking
- Courtyard
- Mezzanine
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
Presented by
22 Malaga Cove Plz
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