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5142-5144 Lankershim Blvd
3,600 SF of Retail Space Available in North Hollywood, CA 91601
Highlights
- Rare North Hollywood Arts District Street Front Retail | Unique Owner/User Opportunity with Income
- Strong Market Fundamentals | 4.9% Market Vacancy Rate | 0 SF of Retail Under Construction
- More than 57,000 Vehicles Pass Near the Property Daily at the Intersection of Magnolia & Lankershim Blvd
- Available For Sale or Lease | 3,600 SF Available For Lease | Please Contact Agent for Details
- Positioned in The Heart of the NoHo Arts District, Four Parcels South of the Signalized Intersection of Lankershim Blvd and Magnolia Blvd
- Tremendous Visibility | 55’ Feet of Frontage along Lankershim Blvd | Eyebrow/Storefront Signage
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5144 | 3,600 SF | 5 Years | $35.88 /SF/YR $2.99 /SF/MO $386.21 /m²/YR $32.18 /m²/MO $10,764 /MO $129,168 /YR | Triple Net (NNN) |
1st Floor, Ste 5144
Marcus & Millichap has been retained as the exclusive representative for the ownership of 5142-5144 Lankershim Blvd, a multi-tenant street front retail property with two suites situated in the heart of the North Hollywood Arts District. The building spans 4,295 square feet on a 0.13-acre parcel zoned C4-2D-CA, positioned just four parcels away from the signalized intersection of Lankershim Blvd and Magnolia Blvd. This location boasts a walk score of 97, categorized as a “Walker’s Paradise”. The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley. Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent. Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers six parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.
- Lease rate does not include utilities, property expenses or building services
- 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
PROPERTY FACTS FOR 5142-5144 Lankershim Blvd , North Hollywood, CA 91601
| Property Type | Retail | Year Built/Renovated | 1945/2016 |
| Property Subtype | Storefront | Parking Ratio | 1.4/1,000 SF |
| Gross Leasable Area | 4,295 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,295 SF |
| Year Built/Renovated | 1945/2016 |
| Parking Ratio | 1.4/1,000 SF |
About the Property
Marcus & Millichap has been retained as the exclusive representative for the ownership of 5142-5144 Lankershim Blvd, a multi-tenant street front retail property with two suites situated in the heart of the North Hollywood Arts District. The building spans 4,295 square feet on a 0.13-acre parcel zoned C4-2D-CA, positioned just four parcels away from the signalized intersection of Lankershim Blvd and Magnolia Blvd. This location boasts a walk score of 97, categorized as a “Walker’s Paradise”. The North Hollywood Arts District, encompassing the one-square-mile area where the property is located, has rapidly evolved into a vibrant hub for the artistic community. It features numerous theaters, upscale restaurants, and cafes. Ongoing construction of new apartment buildings and mixed-use projects has significantly transformed the neighborhood into one of the most desirable commercial destinations in the San Fernando Valley. Currently, the property is 100% leased by two tenants. WACO Theater Center, a performing and visual arts organization, occupies 3,600 square feet. The WACO Theater Center, a fully equipped state-of-the-art 99-seat theater, has made substantial improvements into their suite including a complete interior buildout, new HVAC units, new plumbing, and updated electrical. Cloud 9 Nails, a nail salon that has operated in this location successfully since 2014, occupies the remaining space at market rent. Strategically located, the property benefits from its proximity to the bustling intersection of Lankershim Blvd and Magnolia Blvd, where traffic exceeds 57,000 vehicles daily. Building signage and 55 feet of frontage along Lankershim Blvd enhance the properties visibility and presence. Additionally, the property offers six parking spaces accessed via a rear alley, translating to 1.40 spaces per 1,000 square feet. There is also street parking and public parking lots in the immediate vicinity.
- Signage
Nearby Major Retailers
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Brin Hamblin -
Joshua Yaris -
Martin Agnew -
Ryan Rothstein-Serling -
Agnew | Serling Group
Presented by
5142-5144 Lankershim Blvd
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