12223 Ventura Blvd - Bank FOR SALE


Studio City, CA 91604
$14,714,000 USD
332-345-4222
12223 Ventura Blvd, Studio City, CA for Sale
$14,714,000 USD
Bank - FOR SALE
1/2
null | 6% Cap Rate

12223 Ventura Blvd
Studio City, CA 91604


HIGHLIGHTS

  • Recent Lease Extension Showing Strong Tenant Commitment
  • Approximately 3 Years of Lease Term Remaining
  • Historical Occupancy | Bank of America Has Operated Here for Over 50 Years!

OVERVIEW

Surmount is pleased to present the exclusive listing for a Bank of America located at 12223 Ventura Blvd, Studio City, CA 91604. The site consists of roughly 14,245 rentable square feet of building space on an estimated 0.31-acre parcel of land. This Bank of America is subject to a 20-year Triple Net (NNN) lease, which commenced 7/23/1971. The current annual rent is $882,840 and has scheduled increases of 10.00% in options.

FOR SALE DETAILS

PRICE

$14,714,000 USD

PRICE/SF

$1,029 USD /SF

CAP RATE

6%

% 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

1971

SPRINKLERS

-

PARKING SPACES

-

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.