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950-966 Gayley Ave
600 SF of Retail Space Available in Los Angeles, CA 90024
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 600 SF | Negotiable | $77.20 /SF/YR $6.43 /SF/MO $46,320 /YR $3,860 /MO | Triple Net (NNN) |
1st Floor
**DO NOT DISTURB CURRENT TENANT. SALE IS CONFIDENTIAL** **PLEASE CONTACT BROKER FIRST BEFORE GOING INTO THE RESTAURANT** Size: Approximately 600 SF Rent: Approximately $3,860 rent per month, including NNN Established business since March 2007. considered a healthy outlet, fresh and customizable. It is a local icon on UCLA campus and popular with the students and workers at Westwood. This restaurant is good for Franchise since it has a patent for its business structures. Simple and Cost-Effective system by cutting the labor cost since customers complete the meal by adding ingredient at the salad bar by themselves. 1 or 2 employees can handle an order of $500 per hour. This is an Asset Sale and Business Name is not included in the sale. Asking Key Money is reduced from $325,000-$190,000.
- Sublease space available from current tenant
- 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 950-966 Gayley Ave , Los Angeles, CA 90024
| Property Type | Retail | Gross Leasable Area | 6,212 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1980 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,212 SF |
| Year Built | 1980 |
Features and Amenities
- Signage
Nearby Major Retailers
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950-966 Gayley Ave
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