Carlton Plaza Office in Woodland Hills offers turn key spec suites ready for move in. This fine example displays the types of building standard finishes from top to bottom.At Carlton Plaza Office, our spec suites will certainly give any new tenant the assurance of a most professional image quality. We pride ourselves in providing the most functional and image conscious office layouts.
Office suite 206 at Carlton Plaza Office in Woodland Hills offers a turnkey suite perfect for a small company or organization looking to have all the amenities of a prestigious address on Ventura boulevard and be located in a great Woodland Hills Office building. The suite is located on the 2nd floor. As you exit off the elevators, you turn left and will be at the entrance of suite 206 on the right hand side. The suite offers one larger private office with terrific window line and open space as you enter the office. There are several ways to utilize this turnkey office suite and office setup for you new space at Carlton Plaza.
Office suite 203 at Carlton Plaza Office in Woodland Hills offers a professional office, turnkey opportunity to be located in one of Woodland Hills premier offices located on the prestigious Ventura Boulevard.The suite has one private window lined office and one window lined conference room or large executive office.After entering the premises, you have the opportunity to create a reception area and multiple work stations. The space is ready for immediate occupancy.
Office suite 160 at Carlton Plaza Office in Woodland Hills is now leased. This unique space has an estimated 12 ceilings and large windows allowing natural light to flow into the space. The open floor plan allows for a new tenant to customize their design and build.Only at Carlton Plaza Office in Woodland Hills is an opportunity like this to have a creative space with high ceiling. The 2,620 RSF space is perfect for any company looking for a custom design with creative features.
CARLTON PLAZA, a 153,909 square foot, beautiful brick and black glass deluxe office building, offers efficiently designed office space creating a professional atmosphere while retaining the flexibility to service both full floor and multiple tenant users. The articulated space and open balconies of CARLTON PLAZA not only enhance, but make possible numerous outside corners for executive offices to create that special work environment that is both functional and dramatic. CARLTON PLAZA, 20750 Ventura Boulevard, Woodland Hills located on Ventura Boulevard and Kelvin Avenue, south of the 101 Ventura Freeway and just east of De Soto, directly across from Target. The Carlton Plaza office building has close proximity to Woodland Hills Kaiser Permanente Hospital, Warner Center Offices, Westfield Shopping Center on Topanga Canyon, Warner Center Marriott, Pierce College and Taft High School, Shopping, Dining and Entertainment. A variety of newly built luxury lifestyle apartments are also available in the area. Woodland Hills includes the area of Warner Center located in the San Fernando Valley. Woodland Hills is just east of Calabasas and west of Tarzana with Warner Center at the most northern section. To the north, Woodland Hills is next to West Hills and Canoga Park. To the south of Woodland Hills are the foothills of the Santa Monica Mountains. The 101 Ventura Freeway and Ventura Boulevard are the east and west main transportation hubs. Public transportation is now more widely available with recent opening of the Orange Line with stops at Warner Center. Other thoroughfares close by are De Soto, Canoga Ave, Warner Ranch Rd, Warner Center Ln, Owensmouth Ave, Califa St, Variel Ave, Erwin St, Serrania, Kelvin Ave, Topanga Canyon Blvd, Vanowen St, Victory, Oxnard St, Ventura Blvd, Burbank Blvd, Clarendon St, 101 Ventura Freeway.
Servicing the Los Angeles County & Ventura County and surrounding areas of the San Fernando Valley & Conejo Valley: Chatsworth, Canoga Park, Winnetka, West Hills, Woodland Hills, Warner Center, Reseda, Van Nuys, Granada Hills, North Hills, Northridge, Porter Ranch, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Lake View Terrace, Lake Balboa, Shadow Hills, Sun Valley, Sunland, Tujunga, Toluca Lake, Valley Glen, North Hollywood, Sylmar, Van Nuys, San Fernando, Arleta, Panorama City, Pacoima, Burbank, Glendale, Hidden Hills, Calabasas, Agoura Hills, Westlake Village, Newberry Park, Thousand Oaks, Oak Park.
18376 Ventura Boulevard, located in Tarzana is east of Reseda Boulevard on the south side of Ventura Boulevard. Located south of the 101 Ventura Freeway and across the street from Coco’s Restaurant with close proximity to Vons, CVS, Chase Bank, Bank of America, Providence Tarzana Medical Center, Encino Tarzan Library and other retailers and office buildings. 18376 Ventura Boulevard office over retail storefront building has a unique setting and charm available for businesses looking to rent or lease a space for their business. This Ventura Blvd. location is truly a unique and charming freestanding building that is one of a kind on Ventura Blvd. The office and retail space has great visibility on Ventura Blvd and offers a creative space for a variety of businesses. This prominent location on Ventura Blvd has signage that will appeal to a retailer looking to capture the highly traffic on Ventura Blvd.
Other thoroughfares close by are Reseda, Corbin, Plummer, Parthenia, Tampa, Winnetka, Lassen, Lindley, Roscoe, Devonshire, Mason, White Oak, Balboa, Zelzah, Strathern, Saticoy, Sherman Way, Chatsworth, De Soto, San Fernando Mission, Canoga, Warner Ranch Rd, Warner Center Ln, Owensmouth, Califa, Variel, Erwin, Serrania, Kelvin, Rinaldi, Topanga Canyon, Vanowen, Victory, Oxnard, Ventura, Burbank, Hayvenhurst, Woodley, Haskell, Sepulveda and 118 Ronald Regan Freeway, 405 San Diego Freeway, 101 Ventura Freeway.
Servicing the Los Angeles County & Ventura County and surrounding areas of the San Fernando Valley & Conejo Valley: Chatsworth, Canoga Park, Winnetka, West Hills, Woodland Hills, Warner Center, Reseda, Van Nuys, Granada Hills, North Hills, Northridge, Porter Ranch, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Lake View Terrace, Lake Balboa, Shadow Hills, Sun Valley, Sunland, Tujunga, Toluca Lake, Valley Glen, North Hollywood, Sylmar, Van Nuys, San Fernando, Arleta, Panorama City, Pacoima, Burbank, Glendale, Hidden Hills, Calabasas, Agoura Hills, Westlake Village, Newberry Park, Thousand Oaks, Oak Park.
Plaza De La Cordillera, a Spanish style office building located at 18860 Nordhoff Street, Northridge. The city of Northridge is a community in the San Fernando Valley, a part of the County of Los Angeles. 18860 Nordhoff Street, Northridge office building is centrally located with education, employment, health care, shopping and entertainment. California State University Northridge, CSUN, Medtronic, Northridge Hospital Medical Center and the Northridge Fashion Center, all within close proximity. Plaza De La Cordillera was built in 2001, recognizing the historical influence of the Southwest Americas on the soils of this thriving modern community of Northridge. From the Spanish tiles and classical styled fountains to the architecture commissioned by Frank Gehry, Plaza De La Cordillera is truly one of a kind office building. The artistic landscape and the calming water features brings a relaxed setting but professional image for any corporate office looking for an appealing headquarters in this vibrant city of Northridge.
For more information and office leasing availability, please contact Eric Nishimoto or Jay Rubin at Lee & Associates -- LA North/Ventura, Inc. at 818-223-4388.
18860 Nordhoff Street, Northridge located on the signalized corner of Nordhoff Street and Wilbur Avenue. Other thoroughfares close by are Reseda, Corbin, Plummer, Parthenia, Tampa, Winnetka, Lassen, Lindley, Roscoe, Devonshire, Mason, White Oak, Balboa, Zelzah, Strathern, Saticoy, Sherman Way, Chatsworth, De Soto, San Fernando Mission, Rinaldi, Topanga Canyon, Vanowen, Victory, Oxnard, Ventura, Burbank, Hayvenhurst, Woodley, Haskell, Sepulveda and 118 Ronald Regan Freeway, 405 San Diego Freeway, 101 Ventura Freeway.
Servicing the Los Angeles County & Ventura County and surrounding areas of the San Fernando Valley & Conejo Valley: Chatsworth, Canoga Park, Winnetka, West Hills, Woodland Hills, Warner Center, Reseda, Van Nuys, Granada Hills, North Hills, Northridge, Porter Ranch, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Lake View Terrace, Lake Balboa, Shadow Hills, Sun Valley, Sunland, Tujunga, Toluca Lake, Valley Glen, North Hollywood, Sylmar, Van Nuys, San Fernando, Arleta, Panorama City, Pacoima, Burbank, Glendale, Hidden Hills, Calabasas, Agoura Hills, Westlake Village, Newberry Park, Thousand Oaks, Oak Park.
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When it comes time to rent office space, there is a logical calculation to determine how much space you really need. You might use this method if you did not have a professional space planner and architect analyzing the efficiency of office space on your behalf.
You have Offices, Work Stations, Clerical, Secretarial, Meeting Room, Facilities, Service Areas, Etc. Each item above has a particular size range. You tally up how many of each item you need, then multiply the quantity with each size, add the Circualtion Factor (the amount of space used for circulation paths within your space), approximately 20%, then add the Load Factor (your percentage of shared common area space in the entire building) approximately 12%-25% and you have your Rentable Square Footage.
Rentable square foot is the Usable square foot plus Load Factor. Also to note, Rentable Square Footage is the amount of space you are charged for on a per square foot basis.
Generally speaking, higher density offices will be approximately 175 square feet per employee while lower density offices will be approximately 325 square feet per employee after all said and done.
Make sure you plan for 3-5 years of growth in advance and allow for some flexibility in your space for the future.
Most recently the sales of commercial real estate have been driven primarily by the very attractive financing and minimal down payment for Owner-Users. To give you an example, for existing businesses that have shown positive growth in the last 3 years require as little as 10% down and blended financing rates in the low 5%.
So when should a business consider the possibility of owning their own real estate. There are a few reasons, but in the end it’s all about the “Bottom-Line”. For instance, businesses might consider owning their location when specific type of improvements is required to run their business. These improvements are not typically transferable and costly to develop. Another reason would be the ability of controlling of your entire surroundings. As a tenant, you are always at the mercy of the Landlord and their final word. Time is money and a disagreeing landlord can be very challenging. Just as residential owners see value in ownership, so do businesses in commercial real estate. Today, many commercial buildings are valued below replacement costs creating opportunity to those able to participate in acquisitions. This being said, as businesses not only have tax advantages and future appreciation of owning their own building, comparing the lease verses buy scenario is the logical next step as seen below.
For more information or to see if owning might be an option to consider, please feel free to contact me at 818-444-4984 or enishimoto@lee-re.com
Office buildings traditionally use a lease type called a Full Service Gross (FSG) lease. This lease means your rent already includes taxes, insurance, utilities, repairs and maintenance, etc. except for your phone and internet. It might seem that other than your fixed annual increase, this is the extent to your rent costs. However that is not always the case. Pass through costs represent the share of a buildings operating expenses (Taxes, Insurance, utilities, repairs and maintenance, etc.) that the landlord passes on to the tenant each year. A tenant will have the responsibility to pay their share of any increases in Operational Costs over their “base year”. The Base Year is referred as the buildings Operating Costs of the 1st year of the lease and is typically calculated to a “gross up” 95% occupancy level. The ability to pass through Operating Expenses enables the Landlord to protect themselves against increases in cost due to inflation and other similar forces. Most common leases favor the landlord and provides them with the ability to pass through these increases.
The landlord typically provides the tenant with their estimated share of Operating Expenses for the projected year based upon previous yearly Operating Expenses. The tenant will pay 1/12 of their estimated Operating Expenses each month. At the end of each year, the landlord may provide to the tenant a final statement of the actual expenses for the prior year and either the landlord to refund the overpayment or tenant to pay the outstanding difference in balance.
Putting a cap on annual “controllable expenses” (Building Service Contracts, Personal Salaries, Management Expenses, Capital Expenditures) is a way tenants can protect themselves from excessive pass through costs. Also requiring the landlord to deliver to a tenant at the end of each year a detailed statement of the actual operating expenses for the prior year will affirm the pass though amount is correct. On your lease be sure that the specific calculation to your percentage of space is stated and be aware of specific lease language on operating expenses that allows for additional expenses to be backed in.
There are a variety of lease types in Commercial Real Estate. Having a basic understanding of the most commonly used lease types will help you make a better decision when looking for a space to rent. For example, you are interested in comparing 3 commercial spaces and all identical sizes. Space 1 is offering $2.35 (FSG) Full Service Gross per sq. ft. Space 2 is offering $2.25 (MG) Modified Gross per sq. ft. And Space 3 is offering $1.55 (NNN) Net Net Net per sq. ft. From the surface the $1.55 NNN sure looks attractive, but beware, that’s not always the case. Also, lease terms may have slightly different meanings depending on who you ask.
Full Service Gross (FSG): Monthly rent included utilities, janitorial services, taxes, insurance and common area maintenance. In simple terms, the rent includes everything except for you phone and internet. Also, parking might have an additional cost depending on location. This type of lease is very typical for office buildings. The Landlord is however able to pass on your pro rata share of any annual increases in operating expenses for the following year. Office buildings also have typical office hours of operation. This means that your Heating, Ventilation, and Air Conditioning (HVAC) will be limited to only those hours. Most buildings charge for after hour usage should you request access to the HVAC during those times.
Gross Lease: Monthly rent includes maintenance, taxes and insurance. You are responsible for the cost of your own utilities, janitorial, phone and internet. This is commonly used in multi-tenant commercial buildings. This type of lease when referred to an Industrial building is sometimes known as an Industrial Gross lease. If your work hours are early morning, late nights and weekends, this type of lease might be better for you.
Modified Gross Lease (MG): Monthly rent includes a separate charge (e.g. common area maintenance (CAM), janitorial, proportionate share of water) TBD by Landlord. This is typically a hybrid of a Gross Lease. In this case, you would need to find out from the Ownership exactly what additionally you would be responsible for. This type of lease is commonly used in multi-tenant commercial buildings.
Triple Net Lease (NNN): In addition to monthly rent, the tenant is responsible for paying their estimated pro rata share of taxes, insurance, utilities, janitorial service and all common area maintenance. Any expense to the property can be passed on to the Tenant. This is typically billed to the tenant on a monthly basis in addition to their monthly base rent. At the end of the year, semi-yearly or quarterly year, if the actual total NNN’s are different, either the Landlord or Tenant will be responsible for the difference in credit or payment. NNN charges on average can be as low as $.15 per sq. ft. to as large as $1.20 per sq. ft. or higher. Now depending on the person you ask, the roof and structure of a building may or may not be the Tenants responsibility. On a lease called an Absolute NNN Lease, the Tenant is responsible for Roof and Structure, however on a NN Lease the Tenant is not responsible. The monthly base rent might be look appealing, however be careful and know what the NNN charges are so you can budget accordingly. This type of lease is typical on Retail Storefront, Shopping Centers, and Single Tenant Commercial Buildings and favors the Landlord.
Wednesday, February 6, 2013 at 3:49PM 
