16601 Ventura Blvd - Office FOR SALE
Encino, CA 91436 |
16601 Ventura Blvd
Encino, CA 91436
HIGHLIGHTS
- Passive NNN Income from A+ credit tenant with less than 9 years remaining on initial lease term
- Two (2) 10-Year Extension Options — Potential 29-year investment horizon
- Reversionary Value Upside — ±44,555 SF building reverts to landowner upon lease expiration
- Right of First Refusal (ROFR) held by Citibank, offering structured control over sale process
- Irreplaceable Location in Encino — High traffic corridor with strong demographics and low commercial land availability
- Generational Asset — Ideal for legacy portfolios, family offices, or 1031 exchange buyers
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Citibank Building
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
45169
STORIES
5
BUILDING CLASS
B
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
0.76 AC AC
LAND SF
33,031 SF
ZONING
-
APN/PARCEL ID
2259-012-018
