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Reduced Rate - Commercial on Hard Corner 5471 Crenshaw Blvd
500 - 5,528 SF of Retail Space Available in Los Angeles, CA 90043
Highlights
- 20+ parking spaces
- 3 curb cuts
- 1 block from Metro Rail Line
- Drive thru potential
- Corner lot
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 500-5,528 SF | Negotiable | £21.13 /SF/PA £1.76 /SF/MO £227.40 /m²/PA £18.95 /m²/MO £116,785 /PA £9,732 /MO | Triple Net |
1st Floor
REDUCED RATE!!! We are pleased to present this 5,500sf +/- retail building that is located along the booming Crenshaw Blvd corridor and just steps away from the LAX-Crenshaw Metro Rail Line. Located on a large 24,000sf +/- lot with 20+ parking spaces available, the building is ideal for a tenant that is seeking a significant street presence, such as 7-11, Starbucks, Dunkin Donuts, general office, creative office, etc. This property is primed for a tenant to take advantage of the high pedestrian traffic from the adjacent Metro Rail Line and over 40,000+ vehicles per day on Crenshaw Blvd. With its corner lot location and 3 curb cuts, there is potential for a drive thru with the building's existing layout. The building was previously occupied by Bank of America and is currently built out as a bank with teller windows, bank vault, etc. Ownership is willing to implement a Tenant Improvement plan to cater to a tenant's needs. Ownership will consider short term leases for TV or Movie production companies seeking a fully built out bank space for shoots. Please contact the listing broker for additional information.
- Lease rate does not include utilities, property expenses or building services
- Corner Space
- 20+ parking spaces
- Drive thru potential
- 3 curb cuts
- Corner lot
- 1 block from Metro Rail Line
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 5471 Crenshaw Blvd , Los Angeles, CA 90043
| Min. Divisible | 500 SF | Gross Internal Area | 5,528 SF |
| Property Type | Retail | Year Built | 1963 |
| Property Subtype | Storefront | Parking Ratio | 4.52/1,000 SF |
| Min. Divisible | 500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 5,528 SF |
| Year Built | 1963 |
| Parking Ratio | 4.52/1,000 SF |
About the Property
We are pleased to present this 5,500sf +/- retail building that is located along the booming Crenshaw Blvd corridor and just steps away from the LAX-Crenshaw Metro Rail Line. Located on a large 24,000sf +/- lot with 20+ parking spaces available, the building is ideal for a tenant that is seeking a significant street presence, such as 7-11, Starbucks, Dunkin Donuts, general office, creative office, etc. This property is primed for a tenant to take advantage of the high pedestrian traffic from the adjacent Metro Rail Line and over 40,000+ vehicles per day on Crenshaw Blvd. With its corner lot location and 3 curb cuts, there is potential for a drive thru with the building's existing layout. The building was previously occupied by Bank of America and is currently built out as a bank with teller windows, bank vault, etc. Ownership is willing to implement a Tenant Improvement plan to cater to any tenant's needs. Ownership will consider short term leases for TV or Movie production companies seeking a fully built out bank space for shoots. Please contact the listing broker for additional information.
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Casey Lins -
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Reduced Rate - Commercial on Hard Corner | 5471 Crenshaw Blvd
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