Look what we found on Craigslist.
597 Hayes, the retail space at the corner of Hayes & Laguna, is looking to be leased. It's currently the home of Peace Industry, a palace for felt rugs. But it appears something new will be joining this central shopping area in Hayes Valley as early as this summer. Here are the details on the space: -1650 ft² -Inclosed rear patio -Enormous windows along Hayes & Laguna -High ceilings -Private bathroom -Storage and back office -Available August 1, 2012 This prime spot is going for $8200 and will be under a Modified Gross lease. For those unfamiliar with the term (like we were until last night), it means "a type of real estate rental agreement where the tenant pays base rent at the inception of the lease but in subsequent years pays the base plus a proportional share of some of the other costs associated with the property, such as property taxes, utilities, insurance and maintenance" (Investopedia). Along with jazz era restaurant/bar Noir taking over Frjtz's old space a few doors down at 581 Hayes, this part of the block will have a quite a different feel by the end of the summer.
597 Hayes, the retail space at the corner of Hayes & Laguna, is looking to be leased. It's currently the home of Peace Industry, a palace for felt rugs. But it appears something new will be joining this central shopping area in Hayes Valley as early as this summer. Here are the details on the space: -1650 ft² -Inclosed rear patio -Enormous windows along Hayes & Laguna -High ceilings -Private bathroom -Storage and back office -Available August 1, 2012 This prime spot is going for $8200 and will be under a Modified Gross lease. For those unfamiliar with the term (like we were until last night), it means "a type of real estate rental agreement where the tenant pays base rent at the inception of the lease but in subsequent years pays the base plus a proportional share of some of the other costs associated with the property, such as property taxes, utilities, insurance and maintenance" (Investopedia). Along with jazz era restaurant/bar Noir taking over Frjtz's old space a few doors down at 581 Hayes, this part of the block will have a quite a different feel by the end of the summer.
