Bank of America — Sale in Los Angeles, CA

  • Price: $15.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90045
  • Size: 13,978 SF

Investment Figures

Price per square foot
$1,095

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 13,978 square feet on a large 0.57-acre parcel located along the Pacific Coast Highway (Sepulveda Blvd.) in the City of Westchester. The value proposition for an investor and/or owner-user is the ability to mark Bank of America to market rent in December 2027. Currently paying well below market rent of $11.19 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. Westchester is known for its central location serving the Playa Vista (Silicon Beach) and the South Bay Los Angeles markets of Manhattan Beach, Hermosa Beach, Redondo Beach, and El Segundo. It is the closest city to Los Angeles International Airport (LAX), carrying over 76,580,000 passengers annually. The Property sits prominently along the Pacific Coast Highway, carrying over 83,000 cars per day, and benefits from its proximity to LAX and the surrounding long-term parking structures, restaurants, and the Howard Hughes office and residential campus.

Market Context

This retail in Los Angeles, CA is listed for sale at $15,300,000 across 13,978 SF. It has been on the market for 53 days. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.

Estimated Market Rate

$612.99/SF – $829.35/SF

Mid: $721.17/SF

Estimated total for 13,978 SF: $10,080,514 per year

Rate estimator only; cost-of-business estimate unavailable.

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