621 S Olive St
RETAIL MARKET VALUE for this location is arguably $4-5PSF!! The landlord doesn’t want to spend money or deal with it, but with new paint, drywall work, and flooring this space could be up to speed! The P INTERCONTINENTAL BUILDING has this GRND FLR RETAIL/CREATIVE WORK SPACE for lease! Located in DTLA’s Central Biz District at the edge of the FINANCIAL DISTRICT and the JEWELRY DISTRICT, which isn’t technically a district, but a neighborhood, but whatever! It’s also not far from the SOUTH PARK DISTRICT. Located on the same block as the Cicada Club, Hotel Per La, LA Athletic Club, and Immigration Court. It’s also around the corner from Bottega Louis, 7 Grand, and much much more! This building was BUILT IN 1907! The space was previously occupied by an ART GALLERY and would be ideal for an art gallery as it has HIGH CEILINGS (approx 14 FEET)! The space has WINDOWED FRONTAGE letting in natural light. There’s also back access to a COMMON AREA COURTYARD. Space has smooth ceilings, a hodge podge of original wood floor and other types of material, two bathrooms, and 3-5 back rooms/offices. With some work, this can be an AWESOME OPPORTUNITY for the right person/business! There’s a security guard in the building lobby, next door, during normal business hours. There’s 24/7 ACCESS! Parking structure across the street where you can park for a monthly fee, probably around $180 monthly. CAM which includes all utilities are not included in the rent rate. Rent rate is good for the first year only, subsequent years are negotiable. Ask me the advantages of signing a five-year lease! On all our listings MINIMAL ONE YEAR LEASES ARE ACCEPTED ONLY, and owner may require a longer than one-year lease for this listing. Showings by APPOINTMENT ONLY. We are a real estate brokerage, if this space doesn’t meet your needs we may have or know about something else that does. Please submit your information on the QUICK CONTACT FORM (to your bottom right) or call/text 213-304-4727 now! And don’t forget to follow us on social media @QuixoticRealty, thank you!
DISCLOSURES: The information contained herein is deemed reliable but was obtained from third parties and has not been independently verified by Quixotic Realty Inc and is therefore not guaranteed. Brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice for confirmation. Pictures shown might not be of the actual particular available space, but of a similar one in the same building. If there is a common area shared by the unit listed, the unit square feet listed on marketing materials are the gross (rentable) square feet which includes a LOAD FACTOR (common area factor) added to the net (usable) square feet. Load factors range from 10-33% but are usually about 20%. For multiple reasons, the square feet are approximate and are not guaranteed, leases assume you measure the square feet of the space before leasing and approve of the calculation. Rent rate and terms on all of Quixotic Realty Inc’s and affiliates advertisements and correspondences are subject to change so the final rent rate and terms are not valid or binding until a written lease has been signed by lessor and lessee. Please see our web-site for full disclosures. Lic#01753250