507 S Spring, Los Angeles, CA 90013

  • $1
  • $0
507 S Spring, Los Angeles, CA 90013
  • Commercial Lease
  • Property Type

Overview

Property ID: SGR-33840417
  • Commercial Lease
  • Property Type

Description

Presently an upscale tea beverage shop in super convenient location of DTLA. The new concept tea shop has been known as Cha Redefine and generated significant followers for high quality tea beverage in greater LA area. This is not a franchise opportunity so buyer can use different trade name other than the present trade name. The space was completely renovated in early 2021 to bring the highest quality craft and design to a beverage shop, and the complete built out is over 160k plus over 40k equipment included in the asking price. The existing lease is structured as NNN of $395/month and base rent of $4120/month with 3% increase annually, the last two months are rent free. Current lease will be expired on October 2025 with the option to extend additional 60 months (to 2031). This is truly a singular exceptional business opportunity for any beverage entrepreneurs/investors looking to expand their business in downtown LA.

  • Address 507 S Spring
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90013
  • Area C16 - Mid Los Angeles
  • Country United States

Details

Updated on September 12, 2024 at 11:21 am
  • Property ID: SGR-33840417
  • Price: $1
  • Land Area: 19408.00 m²
  • Property Type: Commercial Lease
  • Property Status: For Rent
  • Living Area: 1030.00
  • MLS#: AR24162680
  • Office Name: URBAN REALTY GROUP
  • Agent Name: Bao Han
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01932060
  • IDX Contact Info: 408-505-5828

Additional details

  • County: Los Angeles
  • Property SubType: Retail
  • Water Source: Public

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