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8450 W 3rd St 970 - 4,250 SF of Retail Space Available in Los Angeles, CA 90048
HIGHLIGHTS
- No Key Money
- Parking: 1 ADA space with loading, 1 standard space, metered street parking available
- Permitted Hours of Operation: 2AM, 7 days per week
- Former tenant invested in excess of $5 million for buildout
- Type-47 grandfathered liquor license with no operating restrictions
- 3,280 sf of ground-floor space and a 970 sf mezzanine
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,280 SF | 5-10 Years | $73.44 /SF/YR $6.12 /SF/MO $240,883 /YR $20,074 /MO | Triple Net (NNN) | ||
| Mezzanine | 970 SF | 5-10 Years | $73.44 /SF/YR $6.12 /SF/MO $71,237 /YR $5,936 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 4,250 SF of adjacent space
Mezzanine
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 4,250 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.
PROPERTY FACTS
| Total Space Available | 4,250 SF | Gross Leasable Area | 4,250 SF |
| Property Type | Retail | Year Built | 1946 |
| Property Subtype | Bar | Parking Ratio | 0.47/1,000 SF |
| Total Space Available | 4,250 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 4,250 SF |
| Year Built | 1946 |
| Parking Ratio | 0.47/1,000 SF |
ABOUT THE PROPERTY
CityStreet Commercial is pleased to present 8450 W. 3rd St. to the Los Angeles market. This prime 2nd gen restaurant sits along the popular stretch of boutique retailers and restaurants in the Beverly Grove neighborhood along West 3rd St. The area is a popular destination for locals and tourists alike with high foot traffic and an amazing demographic and mix of single-family homes. Neighboring tenants include The Little Door, Bacari, Joans on 3rd, Pali House, Phoenix and many more.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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8450 W 3rd St
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