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Pico Plaza 11040 W Pico Blvd
20,229 SF of Retail Space Available in Los Angeles, CA 90064
Highlights
- 20,229-square-foot free standing building with a 69,632-square-foot lot in a busy commercial thoroughfare and densely populated residential area.
- At a high visibility intersection with monument signage and plenty of parking adjacent to Metro stops and a bus stop.
- Located just off the 405 and Santa Monica Freeway which provides seamless access to Beverly Hills, Century City, Santa Monica, and beyond.
- Walking distance to the Westside Pavilion (UCLA) and adjacent to Anawalt Lumber, National Genetics Institute, Party City, Jack in the Box, and more.
- Pico Boulevard is a major busy thoroughfare in West Los Angeles and is highly trafficked seeing 53,626 vehicles per day.
- Other big-name retail nearby includes Best Buy, McDonald’s, Michaels, Trader Joe’s, Starbucks, and many local and regional retailers.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 20,229 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Highly adaptable space for lease.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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.
SITE PLAN
TENANTS AT Pico Plaza
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- 99 Cents Only Stores
- Dollar/Variety/Thrift
- -
- -
- 350
- Regional
99 Cents Only Stores is a premier deep-discount retailer that primarily carries name-brand consumable and general merchandise. They are an exciting shopping destination—often the first stop—for price-sensitive consumers, and a fun treasure-hunt shopping experience for other value conscious consumers. The stores date back to the 1960s when the company's founder, Dave Gold, inherited a tiny liquor store in downtown Los Angeles and decided to run a test by selling bottles of wine at a fixed price-point of 99 cents. The test was an instant success. Dave thought selling everything in the store for 99 cents would be hugely popular. On “lucky” Friday, the 13th of August in 1982, Dave and Sherry Gold opened the first 99 Cents Only Store in Los Angeles.
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| 99 Cents Only Stores | Dollar/Variety/Thrift | - | - | 350 | Regional |
PROPERTY FACTS FOR 11040 W Pico Blvd , Los Angeles, CA 90064
| Property Type | Retail | Year Built | 1966 |
| Property Subtype | Freestanding | Parking Ratio | 2.67/1,000 SF |
| Gross Leasable Area | 20,229 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,229 SF |
| Year Built | 1966 |
| Parking Ratio | 2.67/1,000 SF |
About the Property
11040 W Pico Boulevard is a large, freestanding retail space in a highly coveted corridor of Los Angeles. This turnkey asset is strategically positioned for the highest visibility possible. Perched at a lighted intersection with noteworthy signage, this property sees over 53,600 vehicles daily. Ample parking is available on-site for employees and visitors alike. The big-box retail space is perfect for many future tenants, including grocers, wholesalers, showrooms, and more. Accessibility is a major draw for 11040 W Pico Boulevard. It is situated in the heart of West LA and is an accessible, transit-oriented locale. There is fast access to LA’s most essential freeways and adjacent to metro stops. LA’s West Side connects to West Hollywood, Beverly Hills, Bel Air, and the Hollywood Hills, enticing consumers from all over the metro. This property is within walking distance of the Westside Pavilion (UCLA) and adjacent to Anawalt Lumber, National Genetics Institute, Party City and, Jack in the Box, Centinela Feed & Pet Supplies, among others. The Los Angeles economy is a major call out for retailers wishing to join a booming area. Tourism is at the forefront of the local economy, with more than 50 million visitors to Los Angeles annually. Stores, restaurants, and lodging perform well due to the heavy tourism to the area. Due to its proximity to major neighborhoods, highways, and transit options, 11040 W Pico Boulevard is the ideal place for retail in Los Angeles.
- Signage
DEMOGRAPHICS
Demographics
Nearby Major Retailers
Leasing Agent
Leasing Agent
Jeffrey Nourafshan, Director of Leasing & Acquisitions
Prior to working at Reliable Properties, he interned at an architecture firm where he was the onsite property manager. He also interned at Grubb & Ellis, a brokerage firm that was sold to New Mark Grubb Knight.
About the Owner
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Pico Plaza | 11040 W Pico Blvd
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