bulk asset restaurant sale 507 s. spring · space with kitchen (no hood/interceptor), and modern...

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BULK ASSET RESTAURANT SALE 507 S. Spring | D T L A RESTAURANT | RETAIL OPPORTUNITY

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Page 1: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

BULK ASSET RESTAURANT SALE

507 S. Spring | D T L A

RESTAURANT | RETAIL OPPORTUNITY

Page 2: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

Confidentiality Agreement 

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from District Realty Group (“District”) and should not be made available to any other person or entity without the written consent of District. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the

subject property (also referred to as the “opportunity”). The information contained herein is not a substitute for a thorough due diligence investigation. District has not made any investigation, and makes no warranty or representation,

with respect to the income or expenses for the subject property, the future projected financial performance of the

property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the

improvements thereon, or the financial condition of business prospects or any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been

obtained from sources we believe to be reliable; however, District has not verified, and will not verify, any of the information contained herein, nor has District conducted any investigation regarding these matters and makes no

warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

DISCLAIMER: BROKERS, PROSPECTIVE BUYERS, AND ANY AFFILIATED INTERESTED PARTY (“INTERESTED PARTIES”) SHALL NOT DISTURB OR MENTION THE DETAILS OF THIS OPPORTUNITY TO THE ANY TENANTS OR ONSITE STAFF

UNLESS OTHERWISE APPROVED, IN WRITING, BY SELLER/OWNER OR DISTRICT. IF ANY INTERESTED PARTIES FAIL TO ADHERE TO THIS DISCLAIMER, SAID INTERESTED PARTIES SHALL BE IMMEDIATELY DISQUALIFIED FROM THIS

OPPORTUNITY AND POTENTIALLY OTHER OPPORTUNITIES OFFERED BY DISTRICT REALTY GROUP.

Page 3: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

| Downtown LADistrict Realty Group is pleased to present a unique opportunity to own an established, highly popular Asian fusion restaurant serving poke bowls & sushi burritos in a modern space with counter seating – “OkiPoki”. Located in the heart of Downtown in the prestigious Historic Core neighborhood, this restaurant is close to numerous restaurants, galleries, apartment complexes, bars, and other great amenities. OkiPoki is backed by a below-market-rental-rate 5 Year + 5 Year Option leasehold, a newly renovated restaurant space with kitchen (no hood/interceptor), and modern FF&E.

Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition of alcohol permit, conversion to quick-serve takeout concept, and much more!

Page 4: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

TERMSKey Money | Upon Request

Current Rent| $4,895.95/Month NNN

NNN Charges | $412/Month +/-

Term | New Lease To Be Offered

Size| 1,030 RSF +/-

Availability | Immediately

Use | Restaurant / Retail / Creative Office Space

Equipment | Available Upon Request (No Hood or Grease Interceptor)

FEATURES•Restaurant Ready Space

•Below Market Rental Rate

•Newly Renovated Modern Finishes

•Signage & Kitchen Equipment Available

•High Visibility & High Foot Traffic

•Highly Desired Spring Street Location

•Close To Many Bars, Restaurants, Residential

Page 5: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

FLOOR PLAN

Page 6: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition
Page 7: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition
Page 8: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition
Page 9: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

PRESS

Page 10: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

RETAIL AMENITIES

Page 11: BULK ASSET RESTAURANT SALE 507 S. Spring · space with kitchen (no hood/interceptor), and modern FF&E. Potential Business Upsides: Increased delivery proximity, artisan drinks, acquisition

EON I. LEWBRE: 01730294

TEL: 213 769 6262EMAIL: [email protected]

www.districtrealtygroup.com

© 2019 District Realty Group. The information above has been derived from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.