450 American St

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.