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1415 Wilshire Blvd
4,878 SF of Retail Space Available in Santa Monica, CA 90403
Highlights
- Excellent, Infill Santa Monica Location
- Excellent Westside Location with Silicon Beach Drivers
- High Traffic Retail Corridor
- Ample Area Amenities
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,878 SF | Negotiable | $77.96 CAD/SF/YR $6.50 CAD/SF/MO $380,296 CAD/YR $31,691 CAD/MO | Triple Net (NNN) |
1st Floor
WESTMAC Commercial Brokerage Company and Matthews Real Estate Investment Services are pleased to present the opportunity to acquire or lease 1415 Wilshire Boulevard in Santa Monica, California, retail property located along highly trafficked Wilshire Boulevard, just east of 14th Street. The Property is approximately one (1) mile from Downtown Santa Monica and twenty (20) minutes from Los Angeles International Airport.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail 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 FOR 1415 Wilshire Blvd , Santa Monica, CA 90403
| Property Type | Retail | Gross Leasable Area | 4,878 SF |
| Property Subtype | Freestanding | Year Built | 1930 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,878 SF |
| Year Built | 1930 |
About the Property
Built in 1930, 1415 Wilshire Boulevard is approximately 4,878 square feet of building situated on approximately 5,000 square feet of land. The Property falls under Santa Monica’s MUB (Mixed Use Boulevard) zoning within the highly affluent and densely populated Wilshire-Montana neighborhood, where median household income is estimated at $113,000 within a one-mile radius, and average home valued over $1 million.
Nearby Major Retailers
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1415 Wilshire Blvd
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