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12223 Ventura Blvd
Studio City, CA 91604
Bank of America · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent Lease Extension
- Historical Occupancy | Bank of America Has Operated Here for Over 50 Years
- Approximately 3 Years of Lease Term Remaining
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,245 SF
Building Class
C
Year Built/Renovated
1971/2005
Price
$14,714,000
Price Per SF
$1,032.92
Cap Rate
6%
NOI
$882,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.33 AC
Zoning
LAC2 - High density commercial
Frontage
77’ on Ventura
PROPERTY TAXES
| Parcel Number | 2367-017-015 | Improvements Assessment | $10,525,083 |
| Land Assessment | $7,211,099 | Total Assessment | $17,736,182 |
PROPERTY TAXES
Parcel Number
2367-017-015
Land Assessment
$7,211,099
Improvements Assessment
$10,525,083
Total Assessment
$17,736,182
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