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The Palms 5810-5850 Sepulveda Blvd 3,463 SF of Retail Space Available in Van Nuys, CA 91411
HIGHLIGHTS
- Located on the busy Sepulveda Blvd commercial corridor
- Close access to the 405 and 101 freeways
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,463 SF | 3-15 Years | $31.20 /SF/YR $2.60 /SF/MO $335.83 /m²/YR $27.99 /m²/MO $9,004 /MO $108,046 /YR | Triple Net (NNN) |
5810-5850 Sepulveda Blvd - 1st Floor
Co-tenants include Bev-Mo, Fedex, and Petco Formerly Play it Again Sports Ideal for a variety of retail uses Excellent visibility from Sepulveda Blvd 120 surface parking spaces
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Co-tenants include Bev-Mo, Fedex, and Petco
- Ideal for a variety of retail uses
- Excellent visibility from Sepulveda Blvd
- 120 surface parking spaces
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.
SELECT TENANTS AT THE PALMS
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- BEVMO!
- Liquor
- 185
- Regional
- Carpet One Floor & Home
- Floor Covering
- 802
- International
- Fedex Office Print & Ship Ctr
- Business/Copy/Postal Services
- 5,977
- International
- Lifestyle Outdoor
- Other Retail
- 1
- Local
- Petco Animal Supplies
- Animal Care/Groom
- 1,914
- National
- Vista Paint
- Paint/Wallpaper
- 75
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| BEVMO! | Liquor | 185 | Regional |
| Carpet One Floor & Home | Floor Covering | 802 | International |
| Fedex Office Print & Ship Ctr | Business/Copy/Postal Services | 5,977 | International |
| Lifestyle Outdoor | Other Retail | 1 | Local |
| Petco Animal Supplies | Animal Care/Groom | 1,914 | National |
| Vista Paint | Paint/Wallpaper | 75 | Regional |
PROPERTY FACTS
| Total Space Available | 3,463 SF | Frontage | Sepulveda |
| Center Type | Neighborhood Center | Gross Leasable Area | 50,190 SF |
| Parking | 120 Spaces | Total Land Area | 2.64 AC |
| Center Properties | 1 | Year Built | 1960 |
| Total Space Available | 3,463 SF |
| Center Type | Neighborhood Center |
| Parking | 120 Spaces |
| Center Properties | 1 |
| Frontage | Sepulveda |
| Gross Leasable Area | 50,190 SF |
| Total Land Area | 2.64 AC |
| Year Built | 1960 |
ABOUT THE PROPERTY
Located on the busy Sepulveda Blvd commercial corridor Close access to the 405 and 101 freeways
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Sepulveda Blvd | Hatteras St, S | 43,266 | 2022 | 0.05 mi |
| Oxnard St | Sepulveda Blvd, W | 19,993 | 2022 | 0.18 mi |
| Oxnard St | Sepulveda Blvd, E | 8,811 | 2022 | 0.20 mi |
| Sepulveda Blvd | Burbank Blvd, S | 46,589 | 2022 | 0.23 mi |
| 405 | - | 229,871 | 2022 | 0.25 mi |
| Sepulveda Blvd | Oxnard St, S | 41,016 | 2022 | 0.27 mi |
| Oxnard St | Noble Ave, W | 19,154 | 2022 | 0.32 mi |
| I- 405 | Burbank Blvd, SE | 8,939 | 2022 | 0.32 mi |
| Burbank Blvd | Sepulveda Blvd, W | 40,119 | 2022 | 0.34 mi |
| Burbank Blvd | Sepulveda Blvd, E | 46,515 | 2022 | 0.34 mi |
NEARBY MAJOR RETAILERS
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