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Vista Grande 5612-5616 Santa Monica Blvd 10,000 SF of Office Space Available in Los Angeles, CA 90038
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000 SF | 3 Years | $25.13 CAD/SF/YR $2.09 CAD/SF/MO $251,266 CAD/YR $20,939 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
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 | 10,000 SF | Gross Leasable Area | 10,000 SF |
| Property Type | Retail | Year Built | 1949 |
| Total Space Available | 10,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 10,000 SF |
| Year Built | 1949 |
ABOUT THE PROPERTY
Located just off the intersection of Santa Monica Blvd. and Western, the property consists of 10,000 square feet of open space with vaulted bow truss ceilings, and large retractable security gates in the front of the building. The interior of the building has been renovated and is a fresh clean shell for a new tenant. The building is well suited for a mixed-use design space, entertainment industry space or a distribution facility. The ownership is also open to tenants in the Cannabis industry. A larger-than-life symbol of the entertainment business, Hollywood beckons tourists with landmarks like TCL Chinese Theatre and star-studded Walk of Fame. Highlights include Paramount Pictures, historic music venues like the Hollywood Bowl, and Dolby Theatre, home of the Oscars. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town. Multicultural East Hollywood is also home to traditional restaurants in Little Armenia and Thai Town, plus farm-to-table eateries, laid-back cafes, and gay bars. Frank Lloyd Wright’s Mayan-style Hollyhock House and the LA Municipal Art Gallery, showing work by local artists, sit in Barnsdall Art Park. Vintage boutiques cluster on North Virgil Avenue, and the area is dotted with indie performing arts organizations.
NEARBY MAJOR RETAILERS
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Vista Grande | 5612-5616 Santa Monica Blvd
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