12223 Ventura Blvd - Bank FOR SALE


Studio City, CA 91604
$15,149,744 USD
332-345-4222
12223 Ventura Blvd, Studio City, CA for Sale
$15,149,744 USD
Bank - FOR SALE
1/2
null | 5.85% Cap Rate

12223 Ventura Blvd
Studio City, CA 91604


HIGHLIGHTS

  • Recent Lease Extension Showing Strong Tenant Commitment
  • Approximately 4 Years of Lease Term Remaining
  • Historical Occupancy | Bank of America Has Operated Here for Over 50 Years!

OVERVIEW

NNN Pro Group is pleased to present the exclusive net lease offering for a Bank of America located at 12223 Ventura Blvd in Studio City, CA. The site consists of roughly 14,245 rentable square feet of building space on estimated 0.31-acre parcel of land. This Bank of America is subject to a triple-net (NNN) lease, with approximately 5 months of lease term remaining. The current annual rent is $917,040 and is scheduled to increase by 10% in the next 5-year renewal option. This Bank of America features $459M in deposits.

FOR SALE DETAILS

PRICE

$15,149,744 USD

PRICE/SF

$1,059 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

LAC2

APN/PARCEL ID

2367-017-015

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.