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418 Wilshire Boulevard 418-424 Wilshire Blvd
2,700 SF of Retail Space Available in Santa Monica, CA 90401
Highlights
- Near the 3rd Street Promenade and Ocean Avenue.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 418 | 2,700 SF | Negotiable | $105.35 CAD/SF/YR $8.78 CAD/SF/MO $1,134 CAD/m²/YR $94.50 CAD/m²/MO $23,704 CAD/MO $284,448 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 418
Outdoor covered patio area / 2nd generation restaurant space / Furniture and equipment available / CUP in place for beer and wine license / Ceiling height is 16 feet and up to 20 feet including the space above the currently exposed rafters / Steps away from two public parking structures / Steps away from Third Street Promenade and the beach / Dense trade area with significant retail, office and mixed-use developments nearby
- Lease rate does not include utilities, property expenses or building services
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 418-424 Wilshire Blvd , Santa Monica, CA 90401
| Property Type | Retail | Gross Leasable Area | 4,500 SF |
| Property Subtype | Restaurant | Year Built | 1955 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,500 SF |
| Year Built | 1955 |
About the Property
Please review attached flyer Hood and walk in cooler. There was an ABC 41 type for many years and can be obtained again. Inside patio, walk in fridge, Hood, open kitchen. Located one block from the 3rd street promenade and 5 blocks to Ocean Avenue. Bring us your food/ bar concept.
- Bus Line
Nearby Major Retailers
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Arthur Peter -
Rafael Padilla
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John Moudakis -
PAR Commercial Brokerage, Inc.
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418 Wilshire Boulevard | 418-424 Wilshire Blvd
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