For Sale
$29,900,000

450 American StSimi Valley, CA 93065

Prime Office Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Simi Valley, CA office complex, located at 450 American St, 93065, offers 209,404 square feet of space in a Class B building constructed in 1990 and renovated in 2000. Currently fully leased to Bank of America under an NNN lease expiring December 2025, this property boasts a strong 11.10% cap rate and a substantial NOI of $3,318,636. The single-story building sits on a sprawling 12.5 acres and features a generous parking ratio of 5.5 spaces per 1,000 rentable square feet. Zoned BP-SP, this property presents a unique investment opportunity. Investors can leverage the existing lease with Bank of America (S&P: A+; NYSE: BAC) while planning for future repositioning as a corporate headquarters or owner-user space. The property's strategic location in Ventura County offers excellent regional accessibility. Originally built as an industrial building, it was converted to office space, retaining high ceilings and an open layout. The asking price is $29,900,000 and is offered as a 1031 exchange opportunity. The APN is 615-0-500-045, 615-0-500-035, 615-0-500-015, and 615-0-500-025.

Highlights

  • $29,900,000 asking price for a 209,404 square foot office building.
  • 11.10% cap rate with a $3,318,636 NOI.
  • Class B office building, 1 story, built in 1990 and renovated in 2000.
  • Located at 450 American St, Simi Valley, CA 93065, Ventura County.
  • Currently fully leased to Bank of America until December 2025, offering a 1031 exchange opportunity.

Property Details for 450 American St

Property type
Office properties
Square Feet
209,404 SF
Class
B
Year Built/Renovated
1990/2000
Stories
1

Location Insight

City
Simi Valley
County
Ventura
State
California
Latitude
34.2877359
Longitude
-118.7866573
450 American St, Simi Valley, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
450 American St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message