Contacts
Jack Minassian
Peak Commercial
David Meir
Peak Commercial
Property Details
- Property Type Office
- Property Size 206,917 SF
- Lot Size 10.48 Acre
- Cap Rate % 11.1
- Additional Rent Contact for pricing
- Average Floor Size 104,702 SF
- Building Class B
- Year Built 1990
- Year Renovated 2000
- Date Updated Sep 5, 2024
Anvers Capital Partners 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 unique opportunity to acquire a Grade-A asset 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) until December 2025, NNN, the property offers the flexibility to either reposition the asset for future corporate headquarters or owner-user space after Bank of America vacates. This strategic timing provides a potential investor ample runway to secure a new tenant or finalize development plans.
Originally constructed as an industrial building, 450 American was transformed into office space in the late 90s, capitalizing on its massive ceiling heights and open layout. The property’s strategic location offers excellent regional accessibility, further enhancing its appeal to a variety of potential corporate users. With a parking ratio of 5.5 slots per 1,000 rentable square feet (RSF), it stands out as a highly attractive option for businesses seeking ample parking for employees and visitors alike.
The Property, sprawling over an expansive 12.5 acres, is more than just a piece of real estate; it is a distinct and unique business campus.
This offering presents a distinctive opportunity: more than just acquiring real estate, it allows an investor to reposition the space or develop it into a prime corporate headquarters, benefitting from the in-place income while preparing for future value creation.
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Attachments
Getting around
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Location
- City Simi Valley, CA
- Zip Code 93065
- Market Los Angeles
Points of Interest
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Moorpark
5.23 miles
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Piru
8.83 miles
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Costco Gasoline
0.55 miles
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Chevron
0.64 miles
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76
1.11 miles
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Mobil
1.14 miles
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Shell
1.20 miles
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Arco
1.21 miles
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Blink
5.31 miles
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ChargePoint
8.41 miles
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Erringer Park And Ride
1.45 miles
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Sycamore Dr Park And Ride
2.43 miles
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bus parking
2.66 miles
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Staff Parking
2.74 miles
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Moorpark College Park And Ride
3.20 miles
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Tapo Canyon Park And Ride
3.91 miles
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Simi Valley Metrolink and Amtrak
5.33 miles
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Happy Camp Canyon Trailhead Parking
5.39 miles
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Stearns Park And Ride
5.42 miles
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Rock Ridge Open Space Trail Head Parking
6.84 miles
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Grand Vista Hotel
0.38 miles
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Courtyard Ventura Simi Valley
0.52 miles
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Best Western Posada Royale Hotel & Suites
1.38 miles
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Motel 6
1.52 miles
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Holiday Inn Express Simi Valley
1.53 miles
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Fairfield Inn & Suites Moorpark Ventura County
4.26 miles
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Extended Stay America - Los Angeles - Simi Valley
5.54 miles
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Avalon Thousand Oaks Plaza
8.24 miles
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Best Western Plus Thousand Oaks Inn
9.19 miles
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Hyatt Regency
9.42 miles
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ALDI
0.43 miles
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Walmart
0.50 miles
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Marshalls
0.99 miles
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Simi Valley Town Center
1.05 miles
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Valley Marketplace
1.09 miles
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Target
1.17 miles
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Stater Bros.
1.18 miles
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Vallarta
1.22 miles
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Ranchero Market
1.44 miles
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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.