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556 W 9th St
San Pedro, CA 90731
Citibank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Trophy Single-Tenant NNN Asset Citibank occupies the property under an absolute triple-net lease, providing zero landlord responsibilities
- Covered Land with Redevelopment Potential With the current zoning of LAC2, the site allows for a wide variety of redevelopment options
- Strong Credit Tenant Citibank, N.A. is part of Citigroup Inc., a global financial leader with $170.76 billion in annual revenue and operations in over
- Exceptional Branch Deposits This location reports approximately $172 million in deposits, underscoring its importance within Citibank’s network
EXECUTIVE SUMMARY
Trophy NNN Bank Asset | With Future Covered Land Play Opportunities
Download Offering Memorandum: https://www.cbredealflow.com/buyer/agreement?pv=LusFL9KyJrH4mLAYfkD482vjc0xsV5RWOIkEkMtEfPIh5UmHK6FLTN5WofLO57d0
Download Offering Memorandum: https://www.cbredealflow.com/buyer/agreement?pv=LusFL9KyJrH4mLAYfkD482vjc0xsV5RWOIkEkMtEfPIh5UmHK6FLTN5WofLO57d0
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,599 SF
Building Class
C
Year Built
1968
Price
$5,075,904
Price Per SF
$667.97
Cap Rate
4.50%
NOI
$228,416
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
LAC2
Parking
51 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
152’ on W 9th St
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,727,950 | |
| Land Assessment | $3,412,167 | Total Assessment | $5,140,117 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,412,167
Improvements Assessment
$1,727,950
Total Assessment
$5,140,117
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