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Paseo Santa Monica 1541-1551 Ocean Ave 4,992 - 10,100 SF of Retail Space Available in Santa Monica, CA 90401
Highlights
- Highly trafficked intersection
- Expansive patio overlooking the ocean
- Rare turnkey restaurant space - no key money
- Private subterranean parking lot on-site
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 120 | 5,108 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| Ground, Ste 150 | 4,992 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
Ground, Ste 120
Prime 2nd generation restaurant space available on prime Ocean Ave corridor. No key money and highly improved! Join top producing F&B and Hospitality operators at one of the most highly trafficked corners in Santa Monica.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 10,100 SF of adjacent space
Ground, Ste 150
2nd generation F&B space with gorgeous improvements. Well suited for step in F&B, members club, wellness, fitness... Can be combined with Suite 120 for a total of 10,100 SF on the ground level.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 10,100 SF of adjacent 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 Paseo Santa Monica
- Tenant
- Description
- US Locations
- Reach
- Fogo de Chao
- -
- -
- -
- Ghirardelli
- -
- -
- -
- Gift & Souvenirs
- -
- -
- -
- Tacos 1986
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Fogo de Chao | - | - | - |
| Ghirardelli | - | - | - |
| Gift & Souvenirs | - | - | - |
| Tacos 1986 | Restaurant | 1 | - |
Property Facts
| Total Space Available | 10,100 SF | Gross Leasable Area | 61,938 SF |
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.23/1,000 SF |
| Total Space Available | 10,100 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 61,938 SF |
| Year Built | 1983 |
| Parking Ratio | 3.23/1,000 SF |
About the Property
Join one of Santa Monica's most active corridors. Ocean Avenue is home to premier hotels including the Regent, Viceroy, Shutters on the Beach, Sandbourne, and Fairmont, alongside top restaurant neighbors in Ghirardelli, Ivy at the Shore, Fogo de Chão, Blue Plate Taco, The Bungalow, The Lobster, and San Vicente Bungalows.
Nearby Major Retailers
