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308 Marine Ave
384 - 1,034 SF of Retail Space Available in Newport Beach, CA 92662
Highlights
- Heavy Foot traffic. Tourists from all over the world as well as the U.S.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 384 SF | Negotiable | $125.04 /SF/YR $10.42 /SF/MO $48,015 /YR $4,001 /MO | Modified Gross | ||
| 1st Floor, Ste B | 650 SF | Negotiable | $103.44 /SF/YR $8.62 /SF/MO $67,236 /YR $5,603 /MO | Modified Gross |
1st Floor, Ste A
$4,000 month
- Listed rate may not include certain utilities, building services and property expenses
1st Floor, Ste B
$5600 month
- Listed rate may not include certain utilities, building services and property expenses
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 308 Marine Ave , Newport Beach, CA 92662
| Property Type | Retail | Gross Leasable Area | 2,781 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1948 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,781 SF |
| Year Built | 1948 |
About the Property
BEAUTIFUL STOREFRONT FACING MARINE AVE ON BALBOA ISLANDThere are 2 fabulous retail spaces, one in front, a nice courtyard and a second larger space behind. Both spaces have just been remodeled with new flooring and paint. Can be combined or rented separately.Hi volume walk traffic. Ready to move in. Balboa Island is a year round international vacation destination. The stores here have tremendous support from the local community on the island.
- 24 Hour Access
- Courtyard
- Signage
- Air Conditioning
- Balcony
Nearby Major Retailers
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308 Marine Ave
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