450 American St

For Sale

450 American St, Simi Valley, CA 93065

This Simi Valley property for sale is located at 450 American St. The general use of 450 American St is office and it incorporates 209,404 square feet of class B office space. The current listed sale price for 450 American St is $36,500,000. 450 American St is situated on a lot that is 526,750 square feet in size.

Contacts

broker

David Meir

Peak Commercial

broker

Jack Minassian

Peak Commercial

Property Details

  • Property Type Office
  • Property Size 209,404 SF
  • Lot Size 526,750 SF
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 1148
  • Parking Ratio 5.48 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1990
  • Year Renovated 2000
  • Date Updated Jun 9, 2023

Anvers Capital Partner and Peak Commercial, acting as exclusive advisors, proudly present for sale 450 American, an impressive office structure boasting a total area of 209,404 square feet. Set amidst the vibrant surroundings of Simi Valley, California, this remarkable project presents a chance to purchase a Grade-A Investment in one of the most desirable pockets of Los Angeles County.

Currently fully leased by Bank of America, N.A. (S&P: A+; NYSE: BAC) on a triple net (NNN) basis in place until December 2025, the lease structure ensures financial stability with a steady 3% increase in rental income year over year, with 2 additional 5-year options to extend.

Having occupied the property since 1998, Bank of America has continually demonstrated its commitment to the site with the most recent indication being the decision to exercise their most recent extension option ahead of schedule, pushing the expiration to 2025. Their commitment was further demonstrated by allowing their one-time termination option to lapse in March of this year.

Originally built as an industrial building, 450 American was converted into office space in the late 90’s, taking advantage of the massive ceiling heights and open layout. The placement of the property ensures excellent regional accessibility, which enhances its appeal to both current and prospective tenants. One of the standout features of this site is the generous provision for parking, offering an impressive ratio of 5.5 slots per 1,000 rentable square feet (RSF). 

In essence, this proposal represents more than an acquisition of real estate; it is the potential inheritance of a symbiotic relationship with a prestigious and stable tenant, while enjoying strong in-place cash flow.

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Location

  • City Simi Valley, CA
  • Zip Code 93065
  • Market Los Angeles

Points of Interest

  • Moorpark

    5.20 miles

  • Piru

    8.89 miles

  • Costco Gasoline

    0.50 miles

  • Chevron

    0.58 miles

  • 76

    1.05 miles

  • Mobil

    1.09 miles

  • Arco

    1.14 miles

  • Shell

    1.15 miles

  • Blink

    5.28 miles

  • ChargePoint

    8.34 miles

  • Erringer Park And Ride

    1.46 miles

  • Sycamore Dr Park And Ride

    2.45 miles

  • bus parking

    2.60 miles

  • Staff Parking

    2.67 miles

  • Moorpark College Park And Ride

    3.18 miles

  • Tapo Canyon Park And Ride

    3.93 miles

  • Simi Valley Metrolink and Amtrak

    5.34 miles

  • Happy Camp Canyon Trailhead Parking

    5.39 miles

  • Stearns Park And Ride

    5.44 miles

  • Rock Ridge Open Space Trail Head Parking

    6.78 miles

  • Grand Vista Hotel

    0.37 miles

  • Courtyard Ventura Simi Valley

    0.46 miles

  • Best Western Posada Royale Hotel & Suites

    1.31 miles

  • Motel 6

    1.53 miles

  • Holiday Inn Express Simi Valley

    1.54 miles

  • Fairfield Inn & Suites Moorpark Ventura County

    4.23 miles

  • Extended Stay America - Los Angeles - Simi Valley

    5.56 miles

  • Avalon Thousand Oaks Plaza

    8.17 miles

  • Best Western Plus Thousand Oaks Inn

    9.12 miles

  • Hyatt Regency

    9.35 miles

  • ALDI

    0.36 miles

  • Walmart

    0.43 miles

  • Marshalls

    1.01 miles

  • Valley Marketplace

    1.04 miles

  • Simi Valley Town Center

    1.06 miles

  • Target

    1.10 miles

  • Stater Bros.

    1.12 miles

  • Vallarta

    1.18 miles

  • Ranchero Market

    1.41 miles

  • Vons

    1.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 450 American St