• Broker Glen Kunofsky 3323454222
  • Broker Anthony Bird 9176973215

Bank of America 12223 Ventura Blvd

14,300 SF Retail Building Studio City, CA 91604 $15,149,744 ($1,059.42/SF) 5.85% Cap Rate

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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
14,300 SF
Building Class
C
Year Built/Renovated
1973/2020
Price
$15,149,744
Price Per SF
$1,059.42
Cap Rate
5.85%
NOI
$886,260
Tenancy
Single
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.31 AC
Zoning
LAC2 - High density commercial
Parking
13 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
77’ on Ventura

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Ventura Blvd Vantage Ave, W 35,466 2022 0.15 mi
Ventura Blvd Laurelgrove Ave, E 32,389 2022 0.16 mi
Valleyheart Dr Laurel Canyon Blvd, E 451 2022 0.20 mi
Laurel Terrace Dr Maxwellton Rd, E 36,153 2022 0.21 mi
Laurel Canyon Blvd Ventura Pl, S 40,597 2018 0.22 mi
Rhodes Ave Ventura Blvd, S 594 2022 0.22 mi
Laurel Terrace Dr Maxwellton Rd, NW 35,592 2022 0.22 mi
Laurel Canyon Blvd Valleyheart Dr, N 49,278 2022 0.23 mi
Rhodes Ave Cantura St, S 787 2022 0.23 mi
Laurel Canyon Blvd Valleyheart Dr, S 40,207 2022 0.26 mi
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (72)

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

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

Map of 12223 Ventura Blvd Studio City, CA 91604

ADDITIONAL PHOTOS

View Photo 12223 Ventura Blvd, Los Angeles, CA - ariel

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