Skip To Content

507 S Spring

Los Angeles (City), CA 90013
  • $1
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: AR24162680
UPDATED: 26 min ago
$1
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial-Lease
County:

School Ratings & Info

Listing Agent(s): Bao Han of Urban Realty Group (408-505-5828)


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.



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-14T15:31:05.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/154270271
Print Image

507 S Spring Los Angeles (City), CA 90013

  • Price: $1
  • Status: Active
  • On Site: 46 Days
  • Updated: 26 min ago
  • ID#: AR24162680
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property 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.
Exterior Features

Entry Level 1 Lot Features Near Public TransitStreet Level

Property Features

Additional Parcels YN No Business Type Food & Beverage Exclusions Cha Redefine branding related inventoriespatenttrademarketc. Inclusions all equipmentleasehold improvement Leasable Area 1030 Listing Agreement Exclusive Right To Lease Listing Service Full Service Property Sub Type Retail Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-14T15:31:05.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373262542-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373262542-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373262542-2.jpg
Logo
Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Bao Han of Urban Realty Group (408-505-5828)