Bank of America — Sale in Claremont, CA

  • Price: $11.4M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Claremont, CA 91711
  • Size: 13,348 SF

Investment Figures

Price per square foot
$854

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Newmark Pacific Capital Markets is pleased to present to qualified investors the opportunity to acquire a single tenant absolute NNN Bank of America consisting of 13,548 square feet on a large 0.74-acre parcel. The value proposition for an investor and/or owner-user is the ability to mark Bank of America to market rent in 2.5 years. Currently paying $6.43 per square foot annually in a market supporting rents of $60-72 per square foot, makes this an intriguing and unique opportunity in a high barrier to entry, affluent, and highly educated submarket. Claremont is known for being home to several esteemed private colleges and universities, which includes Pomona College, Claremont McKenna, Harvey Mudd, Scripps College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute. These institutions are some of the most competitive and selective universities in the country, with four of the five undergraduate colleges being the most selective in the US by acceptance rate, and the remaining college, Scripps, had the second lowest acceptance rate among women’s colleges.

Market Context

This retail in Claremont, CA is listed for sale at $11,400,000 across 13,348 SF. It has been on the market for 53 days. Compare it against other retail listings for sale in Claremont, CA — view the full market.

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