Citibank Building 16601 Ventura Blvd 45,169 SF 84% Leased Office Building Encino, CA 91436 $11,890,000 ($263.23/SF) 3.98% Cap Rate

Ally Commercial Real Estate is pleased to present a rare opportunity to acquire a premier generational asset located at 16601 Ventura Boulevard, Encino, CA—a trophy ground-leased property tenanted by Citibank, N.A., an investment-grade (A+) credit tenant. Situated on a 33,031 square foot parcel at the high-profile signalized intersection of Ventura Blvd and Rubio Ave, this asset sits in the heart of one of the San Fernando Valley’s most prestigious and densely populated trade areas.
Citibank owns and operates the ±44,555 square foot building, built in 1983, under a ground lease with less than 9 years remaining on the initial term, plus (2) ten-year options to extend. The lease includes CPI-based rent escalations every 5 years and is absolute NNN—providing zero landlord responsibilities. Upon lease maturity or termination, ownership of the improvements reverts to the landowner, offering exceptional long-term upside and flexibility.
The property generates a current NOI of $472,788 annually, and is offered at $11,890,000, presenting an ultra-prime, zero-management asset with strong cash flow and secure tenancy. Citibank holds a Right of First Refusal (ROFR) on the sale.
This offering represents a unique chance to acquire a stable, credit-backed income stream in a high-barrier-to-entry market, with significant future value potential. Ideal for investors seeking durable income today and control of a major commercial signalized corner in the years ahead.