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Citibank 556 W 9th St 7,599 SF Retail Building San Pedro, CA 90731 $6,836,806 CAD ($899.70 CAD/SF) 4.57% Cap Rate



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
$6,836,806 CAD
Price Per SF
$899.70 CAD
Cap Rate
4.57%
NOI
$312,630 CAD
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
LAC2 - Commercial General
Parking
51 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
152’ on W 9th St
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,344,828 CAD | |
| Land Assessment | $4,630,311 CAD | Total Assessment | $6,975,139 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,630,311 CAD
Improvements Assessment
$2,344,828 CAD
Total Assessment
$6,975,139 CAD
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Citibank | 556 W 9th St
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