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1305-1327 University Blvd E
650 SF of Retail Space Available in Takoma Park, MD 20912
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 650 SF | Oct 2027 | £56.88 /SF/PA £4.74 /SF/MO £612.26 /m²/PA £51.02 /m²/MO £36,972 /PA £3,081 /MO | TBD |
1st Floor
This is a sublet with 3 years remaining on the current lease which can be extended. The lease owner says EVERYTHING is negotiable. Basically owner wants $3900 pm plus CAM expenses for approx 650 square feet w/2 front entrances & excellent visibility on a very high-traffic street w/good pedestrian traffic too and easy parking. The owner of the lease wants to reserve the back office for the months of Jan-April to operate their tax service from that office. The rest of the year whole space is yours and you keep 80% of the space even then. They may want to sell their tax business also but it is not currently listed with this agreement. The legal address of the property is 7663 New Hampshire Avenue public record 16130366994. The landlord is ok for it to have DHL, FedEx, taxes, notary public, check cashing, and it has a Western Union license which the current tenant can negotiate the sale of, and tags and title. The current lease holder prefers to sublease it part furnished. Has a front reception area, a long counter for applications, and two back offices. It also has a rear kitchenette and shares a bathroom with the sublease next door. It has a bulletproof glass counter and 2 front doors. The lease ends in October 2027 so good for sublease till then. The leaseholder can negotiate a 10-year lease extension after the 3-year term is finished. The current tax business may be for sale and the business owner will train the next company/person how to operate and they have a book of clients. This is in the City of Takoma Park at Takoma/Langly Crossroads which is a vibrant and busy community. The Traffic Count is very high 38,933. There is plenty of parking in front and along both sides. Multiple bus lines on the street and just down from the intersection of New Hampshire Avenue and University Boulevard. The Purple Line is coming in 27 for longer-term prospects. Again, owner says negotiable!
- Sublease space available from current tenant
- Fully Built-Out as Professional Services Office
- Central Air and Heating
- Kitchen
- Closed Circuit Television Monitoring (CCTV)
- Display Window
- High Traffic Count 38,933
- Easy Parking in front of store
- Sublease for 3 years
- Furnished
- Kitchenette and bathroom
- Two Front Doors
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 agent 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 FOR 1305-1327 University Blvd E , Takoma Park, MD 20912
| Property Type | Retail | Total Land Area | 1.46 AC |
| Property Subtype | Freestanding | Year Built | 1963 |
| Gross Internal Area | 34,051 SF | Parking Ratio | 5.1/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 34,051 SF |
| Total Land Area | 1.46 AC |
| Year Built | 1963 |
| Parking Ratio | 5.1/1,000 SF |
Features and Amenities
- Bus Route
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
- Monument Signage
-
David Maplesden -
Long and Foster Real Estate
Presented by
1305-1327 University Blvd E
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