Automotive body shop in prime location on Ventura Boulevard in Studio City. Between CBS and Universal Studios. The shop is located on an approximately 12,000 sq. ft. lot, including a 5,000 sq. ft. building and a +/- 7,200 sq. ft. cement paved parking lot.
The property is set up as a full-service body shop with a detail area in the rear. Permitted paint booth with heater, frame machine with tools, new heavy-duty low-profile hoist, in-ground hoist, permitted water clarifier, two sets of security gates, security cameras, two industrial air compressors and air dryer, all new copper plumbing, air lines, and electrical including multiple 220 outlets.
The building is complete with front office, customer waiting room and a large customer bathroom. There is also a separate private office and an employee changing room/restroom. New cabinets, floors, doors, countertops, updated LED lighting, and air conditioning. Glass roll-up front garage door and new windows.
Almost 90' feet of frontage on Ventura Boulevard. Ample wall space for advertising. Two permitted lighted electric signs on roof and front of building. Thousands of potential customers drive by daily.
Asking Price and Details:
Triple net lease
5-Year Lease with up to two (2) five-year options.
Asking base rent: $18,500
Annual Rent Increase: Previous year base rent plus 3%
Property Tax (for FY2019/2020): $4,600
Due at Signing
First and last month’s rent
Security Deposit: $55,000
