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

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Getting around

9/100
Walk Score ®
19/100
Transit Score ®
8/100
Bike Score ®

Powered by Walk Score ®

City Simi Valley, CA
Zip Code 93065
Market Los Angeles

Points of Interest

Moorpark

5.23 miles
Piru

8.83 miles

Costco Gasoline

0.55 miles
Chevron

0.64 miles
Arco

1.21 miles
Chevron

1.53 miles
Shell

2.49 miles
Conserv Fuel

3.26 miles
Mobil

3.97 miles
Shell

4.49 miles
Chevron

5.05 miles
Arco

5.52 miles

Erringer Park And Ride

1.45 miles
Sycamore Dr Park And Ride

2.43 miles
bus parking

2.66 miles
Staff Parking

2.74 miles
Moorpark College Park And Ride

3.20 miles
Tapo Canyon Park And Ride

3.91 miles
Simi Valley Metrolink and Amtrak

5.33 miles
Stearns Park And Ride

5.42 miles
Rock Ridge Open Space Trail Head Parking

6.84 miles
Sandstone Hills Trail Parking

6.91 miles

Grand Vista Hotel

0.38 miles
Courtyard by Marriott Ventura Simi Valley

0.52 miles
Best Western Posada Royale Hotel & Suites

1.38 miles
Fairfield Inn & Suites Moorpark Ventura County

4.26 miles
Best Western Plus Thousand Oaks Inn

9.19 miles
Four Seasons Hotel

9.44 miles
Residence Inn

9.51 miles
Hampton Inn & Suites Agoura Hills

9.80 miles
Courtyard Mar

9.84 miles
Sheraton Agoura Hills

9.90 miles

ALDI

0.43 miles
Walmart

0.50 miles
Macy's

0.81 miles
Marshalls

0.99 miles
Simi Valley Town Center

1.07 miles
Valley Marketplace

1.09 miles
Target

1.17 miles
Vons

1.18 miles
dd's Discounts

1.20 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.

450 American Street