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Simi Valley Promenade 5197 E Los Angeles Ave
975 - 2,925 SF of Retail Space Available in Simi Valley, CA 93063
Highlights
- Major Tenants - Smart and Final, Baskin Robbins, Chi Chi Pizza, Denny's, Del Taco, Cig Store, Promendale Cleaner, H&R Block & Verizon Wireless
- Close Proximity to Major Freeway: Half a mile south of Ronald Reagan
- Hard Corner & Signalized Intersection Location:
- Dense, Affluent Los Angeles Demographics
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 5145-L | 975 SF | Negotiable | £18.78 /SF/PA £1.56 /SF/MO £202.13 /m²/PA £16.84 /m²/MO £18,309 /PA £1,526 /MO | Triple Net | ||
| 1st Floor, Ste 5445M | 1,950 SF | Negotiable | £18.78 /SF/PA £1.56 /SF/MO £202.13 /m²/PA £16.84 /m²/MO £36,619 /PA £3,052 /MO | Triple Net |
5145 E Los Angeles Ave - 1st Floor - Ste 5145-L
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,925 SF of adjacent space
- Central Air Conditioning
- Close Proximity to Major Freeway:
5145 E Los Angeles Ave - 1st Floor - Ste 5445M
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,925 SF of adjacent space
- Central Air Conditioning
- Close Proximity to Major Freeway:
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.
SELECT TENANTS AT Simi Valley Promenade
- Tenant
- Description
- US Locations
- Reach
- Chi-Chi's Pizza
- Restaurant
- 5
- Regional
- Del Taco
- Fast-food
- 807
- National
- Goodwill
- Dollar/Variety/Thrift
- 6,061
- International
- Smart & Final
- Supermarket
- 338
- International
| Tenant | Description | US Locations | Reach |
| Chi-Chi's Pizza | Restaurant | 5 | Regional |
| Del Taco | Fast-food | 807 | National |
| Goodwill | Dollar/Variety/Thrift | 6,061 | International |
| Smart & Final | Supermarket | 338 | International |
PROPERTY FACTS FOR 5197 E Los Angeles Ave , Simi Valley, CA 93063
| Centre Type | Neighborhood Center | Frontage | |
| Parking | 313 Spaces | Gross Leasable Area | 82,334 SF |
| Stores | 17 | Total Land Area | 11.13 AC |
| Centre Properties | 4 | Year Built | 1967 |
| Centre Type | Neighborhood Center |
| Parking | 313 Spaces |
| Stores | 17 |
| Centre Properties | 4 |
| Frontage | |
| Gross Leasable Area | 82,334 SF |
| Total Land Area | 11.13 AC |
| Year Built | 1967 |
About the Property
92% Occupied; Long-Term Historical Occupancy: Simi Valley Promenade features a complimentary mix of tenants with a long-term historical occupancy combined with newly signed leases and extensions committed to the center well into the future Hard Corner, Signalized Intersection Location: Situated at E Los Angeles Avenue and Stearns Street (33,000+ CPD) Close Proximity to Major Freeway: Half a mile south of Ronald Reagan (118) Freeway (142,000 CPD), easily accessible from Stearns Street Dense, Affluent Los Angeles Demographics: 119,180 people with average household incomes of $132,938 within a 5-mile radius
- Signalised Intersection
Nearby Major Retailers
Presented by
Simi Valley Promenade | 5197 E Los Angeles Ave
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