18801 Gridley Rd - Bank FOR SALE


Cerritos, CA 90703- ABC
$7,485,000 USD
404-441-3849
18801 Gridley Rd, Cerritos, CA for Sale
$7,485,000 USD
Bank - FOR SALE
1/9
null | 4.25% Cap Rate

18801 Gridley Rd
Cerritos, CA 90703
ABC


HIGHLIGHTS

  • This bank branch boasts an impressive deposit base of $235.8 million as of June 2024.
  • Roughly 16 miles southeast of downtown Los Angeles.
  • Located within one of the Los Angeles metro area’s most affluent and amenity-rich submarkets.
  • Outparcel to 1.0 MSF Super-Regional Mall - Los Cerritos Center.
  • The site is located within walking-distance to Cerritos Auto Square— one of the largest auto malls in the United States.

OVERVIEW

CBRE is pleased to exclusively offer for sale a ±13.2-year NNN Chase Bank ground lease situated on 0.94 acres in Cerritos, CA—a component of the Los Angeles–Long Beach–Anaheim, CA MSA (Population: 12.9M+). Chase’s ±3,500-square-foot building was built in 2018, and its lease features a 10% rent increase every 5 years throughout the initial term and in each of the two, 5-year renewal options.

FOR SALE DETAILS

PRICE

$7,485,000 USD

PRICE/SF

$2,141 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank: Cerritos, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

7038-014-022

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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