MEI is pleased to announced the closing of a 5-year lease transaction with a regional bagel concept on the ground floor of 1301-1309 Montana Avenue. Chelsea and Dennis of MEI represented the Landlord in the transaction to secure a market offer for the food-use space despite the ongoing pandemic and food establishment restrictions throughout LA County. The suite was leased to Sam’s Bagels on a long-term deal with a personal guaranty. The established food-use concept was on Montana over a decade ago and is excited to bring back their business to the westside to complement the existing boutique retailers and restaurant users on Montana Avenue. The multi-year lease at the property was negotiated at terms meeting the owner’s expectations and featured annual increases on an as-is deal.