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Bank of America 12223 Ventura Blvd 14,245 SF Retail Building Studio City, CA 91604 $20,370,209 CAD ($1,429.99 CAD/SF) 6% Cap Rate


INVESTMENT HIGHLIGHTS
- Recent Lease Extension
- Historical Occupancy | Bank of America Has Operated Here for Over 50 Years
- Approximately 3 Years of Lease Term Remaining
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Bank of America located at 12223 Ventura Blvd, Studio City, CA 91604. The site consists of roughly 14,245 rentable square feet of building space on an estimated 0.31-acre parcel of land. This Bank of America is subject to a 20-year Triple Net (NNN) lease, which commenced 7/23/1971. The current annual rent is $882,840 and has scheduled increases of 10.00% in options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,245 SF
Building Class
C
Year Built/Renovated
1971/2005
Price
$20,370,209 CAD
Price Per SF
$1,429.99 CAD
Cap Rate
6%
NOI
$1,222,213 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.33 AC
Zoning
LAC2 - High density commercial
Frontage
77’ on Ventura
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2367-017-015 | Improvements Assessment | $14,456,201 CAD |
| Land Assessment | $9,904,444 CAD | Total Assessment | $24,360,646 CAD |
PROPERTY TAXES
Parcel Number
2367-017-015
Land Assessment
$9,904,444 CAD
Improvements Assessment
$14,456,201 CAD
Total Assessment
$24,360,646 CAD
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Bank of America | 12223 Ventura Blvd
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