CBM1’s Jason Ehrenpreis recently completed a lease with Ume Tea on a +/-1,200 SF retail space formerly occupied by Chuck & Blaze hot chicken restaurant. The multi-pad shopping center, situated at the signalized intersection of Vineland Avenue and Magnolia Boulevard, is anchored by a Ralphs grocery store, and hosts several notable co-tenants, including a Carl’s Jr drive-thru, AutoZone, Subway, and Yogurtland.

Launched in Silicon Valley in 2019, Ume Tea, a boba tea café, now boasts 18 locations in three states. This includes 14 sites in California, one in Mesa, AZ, and three in Chicago, IL. The North Hollywood opening marks Ume’s second Southern California store. Currently soliciting franchising partners, Ume is looking to expand nationwide.

The center is superbly located at the epicenter of NoHo Arts District, a one square mile region with an estimated 33,000+ residents. A cultural mecca, the community is home to more than twenty professional theaters, diverse art galleries, dance studios, and the largest concentration of music recording studios west of the Mississippi. The locale is also known for a plethora of trendy eateries and cafes, including Kalaveras, EAT, the Front Yard, Urban Skillet, and more.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Take 5 Oil Change on a +/-1,800 SF freestanding automotive space on the pad of a retail shopping center. The building is situated at the front corner of the property, facing Ball Road just west of the signalized intersection at Valley View Street in prime Cypress.

Founded as Rapid Oil Change in 1984, Take 5 Oil Change revolutionized the industry in the mid-90s, opening the first “stay in your car” oil change service. Acquired by Driven Brands, a franchise facilitator, Take 5 now boasts 768 locations operating in 27 states and territories across the US and Canada, with the largest concentrations in Texas (220 locations), Florida (130 locations), and Ohio (52). The soon-to-open Cypress location marks Take 5’s second California site, following its first opening in the Northern California city of Richmond.

Superbly located, the property is directly across Ball Road from Cypress Plaza East, a Stater Bros and Hobby Lobby-anchored shopping center. The site also shares the high-traffic Ball Road + Valley View Street intersection with a Ralphs and Petco-anchored center positioned on the southeast corner. Additionally, the property is one block south of Cypress High School, with a current enrollment of 2,800+ students.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 Or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

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CBM1’s David Guardado + Brett Mero recently completed a 15-year lease with a laundromat on a +/-4,200 SF space in a retail strip center on Crenshaw Boulevard just south of the signalized intersection at Hyde Park Boulevard. The incoming tenant, a seasoned operator with extensive experience in the laundry and drycleaning businesses, is completely gutting the interior, replacing the plumbing, and will offer fluff and fold service, doing business under the trade name Deluxe Laundry Spa.

“The space [a long-time laundromat] has been vacant since the prior operator went out of business during retail’s pandemic downturn,” says CBM1’s David Guardado. The landlord initially sought alternative tenants, with sights set on higher rents. Guardado, however, educated the ownership on the reality of the situation: “Demising a 4,000+ SF space into smaller units along with installing the required bathrooms and air-conditioning is likely a $100,000+ renovation project.” Avoiding a costly out-of-pocket remodel incentivized the landlord to consider laundromat deals, ultimately paving the way for the current tenant. Guardado says, “Building out a new laundromat requires more permits, and the process is much longer than occupying a laundry already approved for operation. The city now requires an environmental impact study to open a new, ground-up laundry facility typically reserved for new retail and residential developments.” Thus, taking over an existing laundromat space also proved advantageous for the tenant.

Located in an area of South Los Angeles that’s seen significant revitalization in recent years, the property is directly across the street from two newly constructed affordable housing developments. Depot at Hyde Park is a four-story, 43-unit apartment building, and Hope on Hyde Park is another four-story, 98-unit apartment building. Both projects are clear signs of ongoing investment in the community’s urban renewal.

For more information, contact David Guardado: 818.380.9072 | DavidG@cbm1.com Or Brett Mero: 818.380.9970 | Brett@cbm1.com

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