Bank of America
Los Angeles, CA
Key Details
| Price: | $15,149,744 |
|---|---|
| Cap Rate: | 5.85% |
| Annual Rent: | $886,260 |
| Address: | 12223 Ventura Boulevard, Los Angeles, California 91604 |
| Property Type: | Retail |
| Lease Type: | Gross |
Property Data
| Original Lease Term: | 57 Years |
|---|---|
| Lease Commencement: | 7/23/1971 |
| Lease Expiration: | 8/31/2028 |
| Lease Term Remaining: | 3.7 Years |
| Rental Increases: | 10.00% at Each Period |
| Lot Size: | 0.31 Acres |
| Building Size: | 14,245 SF |
| Year Built: | 1973 |
| Year Renovated: | 2020 |
NNN Pro is pleased to present the exclusive listing for a Bank of America located at 12223 Ventura Boulevard, Los Angeles, California 91604. The site consists of roughly 14245 rentable square feet of building space on an estimated 0.31-acre parcel of land. This Bank of America is subject to a 57-year Gross lease, which commenced 7/23/1971. The current annual rent is $886,260 and has scheduled increases of 10.00% at Each Period.
About the Investment
- Recent Lease Extension Showing Strong Tenant Commitment
- Approximately 4 Years of Lease Term Remaining
- Historical Occupancy | Bank of America Has Operated Here for Over 50 Years!
Key Details
| Price: | $15,149,744 |
|---|---|
| Cap Rate: | 5.85% |
| Annual Rent: | $886,260 |
| Address: | 12223 Ventura Boulevard, Los Angeles, California 91604 |
| Property Type: | Retail |
| Lease Type: | Gross |
Property Data
| Original Lease Term: | 57 Years |
|---|---|
| Lease Commencement: | 7/23/1971 |
| Lease Expiration: | 8/31/2028 |
| Lease Term Remaining: | 3.7 Years |
| Rental Increases: | 10.00% at Each Period |
| Lot Size: | 0.31 Acres |
| Building Size: | 14,245 SF |
| Year Built: | 1973 |
| Year Renovated: | 2020 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony Bird
abird@nnnpro.com
License: NY: 10401306066
Richard Nardi
rnardi@nnnpro.com
License: NY: 10401294015
Broker of Record
Brian Brockman
Bang Realty-California, Inc
License: 2154562
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.