For sale Bank Of America. For additional information regarding this transaction , please contact the listing agent, Janet Neman janet.neman@e.kidder.com (424) 653-1809

Posted: 05/23/2021 4:30 pm | On HOMEiZ: 1067 days | Updated: 2 years ago | Views: 1503

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$5200000

Last Sold Price

$5200000

Last Sold Date

05/24/2021

Property Location & Description

Listing Headline

For sale Bank Of America. For additional information regarding this transaction , please contact the listing agent, Janet Neman janet.neman@e.kidder.com (424) 653-1809

Property Description

Bank Of America Triple NNN.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor

Credit Rating

Total Revenue

85.52 billion (2020)

Net Worth

2.5 trillion (2021)

Headquarters

Charlotte, NC

Tenant Business

Banking

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Number of Tenants

Corporate Overview

Stock Symbol

BAC

Total Assets Value

$2.8

Property Overview

Year built

1973

Overall Property Condition

Good

Construction Status

Exist

Total Building Sq. Ft.

11268

Total Lot Size

0.91 Acres

Net Leasable Area

11268 Sq. Ft.

APN#

384-340-22-00

Parking Type

Off-street

Assigned Parking

Distressed

Zoning

Number of Floors

Income

Commission split %

Contact listing agent%

Price per Sq. Ft.

$461

Cap Rate

5.84%

NOI

$303680

Rent to sales ratio

No Data%

Annual Property Tax Rate for this property

1.25%

Responsibility for Property Tax increase

Tenant

Lease overview

Rent Commencement

07/31/1973

Lease Remaining Years

years: 2 months: 2

Renewal Options

Three (3) Five (5) Year Options

Annual Rent Increase %

No Data%

Sales Report Available

Do not know

Income tax free State

Roof & Structure Responsibility

Landlord

Options to Purchase

Right of First Refusal

Yes

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

Highlights

PRIME San Diego County Location in the Retail Hub of Santee

PREMIER Credit Tenant - 100% NNN Leased to Bank of America

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2726

Sold

For Sale

$5,200,000

Listing Presented by

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9711 Mission Gorge Road . Santee , CA 92071