2221 Douglas Blvd
Roseville, CA 95661
Bank of America · Retail Property For Sale

Leased to Bank of America N.A. from Dec. 31, 1998 to Dec. 31, 2023. Tenant is responsible for payment of taxes, maintenance and repairs. Instead of insurance, tenant (i) indemnifies landlord against any damages to property or persons, and (ii) agrees to repair any damage to the property including complete reconstruction. There is one 5 year renewal option at a rent of 7.4% of the appraised value of the land 12 months prior to the start of the renewal term, or the current rent, whichever is greater. 10,700 +/- square foot rentable area. Built in 1990 and recently modernized, the building is wood frame construction with brick exterior and a flat single ply membrane roof. There are 110 parking spaces available on-site. The property’s current zoning allows for the construction of another 20,000 square foot two-story office building on site, subject to municipal approval. The Bank would have to approve construction prior to the lease expiration.