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Venice Beach Rent Check: 1309 Ocean Front Walk
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Topic Rating: 3.9Topic Rating: 3.9Topic Rating: 3.9Topic Rating: 3.9Topic Rating: 3.9 Topic Rating: 3.9 (8 votes) 
June 16, 2012
2:27 pm
Bret
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Looks like Dr. Morton W. Barke's "Evaluation Center for Medical Marijuana" and "Botox on the Beach" at 1309 Ocean Front Walk may be on the way out if they don't come to an agreement on their rent. An employee of the Botox/ Evaluation Center said that they "aren't closing", but they are on a month to month lease and the new going rate is 2,000 sq feet for $14,000 a month.

Botox at the Beach

From the listing: Ocean Front Walk on Venice Beach is the busiest tourist spot in Southern California. This is a rare opportunity to have a retail space on Venice's world famous boardwalk. This locale is in the busiest section of the boardwalk by the world famous Sidewalk Cafe. Divisible to 1000 SF for $8500 a month. Frozen yogurt possible, restaurant probably not. Current tenant will need 30 days to vacate.

Call Jeff Konecke (310.383.8111) at Abbot Kinney Real Estate for more info!

June 16, 2012
3:21 pm
not native
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Weird, why does a board certified OBGYN sell prescriptions for weed on OFW?

Campers belong in a campground.
June 16, 2012
10:01 pm
Venice Rob
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Rosendhal might what to snatch that place up and open another shelter, 14,000 a month what a bargain.

June 17, 2012
9:04 am
Shane
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The owner could offer them 1/3 off the rent in return for construction, design and a kilo a month.

June 17, 2012
10:32 am
shantyirish
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To answer non native's question

 

Dr Barke is a 70+ year old burned out failure of a physician.

 

In his career he's practiced gynocology, plastic surgery, dermatology, and now a weed doctor. What a failure.

 

Somewhere along the line his license was suspended for unspecified reasons. Case # 05-1976-500330.

 

Shanty

June 17, 2012
10:39 am
shantyirish
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What a surprise, it was a medical negligence case!!!!

Tresemer v. Barke (1978) 86 Cal. App. 3d 656 [150 Cal.Rptr. 384]

June 18, 2012
5:11 am
tired of the disrespect
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Historically, for the past 5 years we have been generating up to $10 per square foot (gross lease) up to the first 500 square feet of ground level zero set back retail space with frontage along OFW of at least 12 or 15 feet.  It is the so called minimum operator threshold price ($5,000).  Additional square footage cannot generate the same rate as the first 500.  Jeff knows his stuff and this is prime OFW retail so his valuation on first look seemed high but it is in the ball park.  Also, Venice leases along OFW are usually gross rather than NNN.

June 18, 2012
7:40 am
shantyirish
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Whats the difference between gross and NNN?

June 18, 2012
2:22 pm
tired of the disrespect
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gross does not include any other expenses (except tenant utilities) while NNN leases include tenant responsibility for RE taxes, insurance and all maintenance.

June 18, 2012
3:27 pm
shantyirish
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Thanks