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Bank of America 12223 Ventura Blvd

14,245 SF Retail Building Studio City, CA 91604 $15,149,744 ($1,064/SF) 5.85% Cap Rate

Banks California Studio City 12223 Ventura Blvd, Studio City, CA 91604

Investment Highlights

  • Recent Lease Extension Showing Strong Tenant Commitment
  • Historical Occupancy | Bank of America Has Operated Here for Over 50 Years!
  • Approximately 4 Years of Lease Term Remaining

Executive Summary

NNN Pro Group is pleased to present the exclusive net lease offering for a Bank of America located at 12223 Ventura Blvd in Studio City, CA. The site consists of roughly 14,245 rentable square feet of building space on estimated 0.31-acre parcel of land. This Bank of America is subject to a triple-net (NNN) lease, with approximately 5 months of lease term remaining. The current annual rent is $917,040 and is scheduled to increase by 10% in the next 5-year renewal option. This Bank of America features $459M in deposits.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,245 SF
Building Class
C
Year Built/Renovated
1973/2020
Price
$15,149,744
Price Per SF
$1,064
Cap Rate
5.85%
NOI
$886,260
Tenancy
Single
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.31 AC
Zoning
LAC2 - High density commercial
Parking
13 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
77 FT on Ventura
1 of 1
12223 Ventura Blvd, Studio City, CA - aerial map view
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Lemonade
Yoga Six
Bank of America
Peet's Coffee
Chin Chin Studio City
Citi
U.S. Bank
The Counter Custom Burgers
Chase Bank
Pret A Manger

PROPERTY TAXES

Parcel Number 2367-017-015 Improvements Assessment $10,318,709
Land Assessment $7,069,705 Total Assessment $17,388,414

PROPERTY TAXES

Parcel Number
2367-017-015
Land Assessment
$7,069,705
Improvements Assessment
$10,318,709
Total Assessment
$17,388,414
(332) 345-4222

Contacts

  • Listing ID: 34213238

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 12223 Ventura Blvd, Studio City, CA 91604

More public record information on 12223 Ventura Blvd, Studio City, CA 91604

The Retail Property at 12223 Ventura Blvd, Studio City, CA 91604 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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12223 Ventura Blvd, Studio City, CA for sale Building Photo- Image 1 of 3
12223 Ventura Blvd, Los Angeles, CA - Main
12223 Ventura Blvd, Studio City, CA for sale Aerial- Image 2 of 3
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Bank of America | 12223 Ventura Blvd
(332) 345-4222 x

Bank of America | 12223 Ventura Blvd

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony Bird

(917) 697-3215

(917) 697-3215

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