Bank Branch with Triple-Net
12135 Garfield Ave South Gate, CA 90280
For Sale
Contact for pricing
Pending
Bank of the West South Gate branch offers a brand-new absolute triple net lease with a 10-year corporate guarantee.
Days on Market105
Property Features for 12135 Garfield Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 24 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
Bank of the West – South Gate is being offered for sale as part of a portfolio of eight Bank of the West branches in Southern California. Upon close of escrow, the tenant will execute a brand-new absolute triple net lease featuring a 10-year corporate guaranteed term, with rental increases of 10% occurring every five years throughout the primary term and option periods.
The branch is located less than 0.33 miles from the I-105 Freeway (223,000 CPD reported) and 0.88 miles from the I-710 Freeway (229,000 CPD reported). The property is the only bank within one mile, and the surrounding area includes over 930,025 residents with an average household income exceeding $72,064 within a five-mile radius.
Bank of the West is headquartered in San Francisco and, as of 9/30/2020, reported $96.3 billion in assets. The institution carries a Standard and Poor’s “A” rating, and this branch has over $75M in deposits.
The branch is located less than 0.33 miles from the I-105 Freeway (223,000 CPD reported) and 0.88 miles from the I-710 Freeway (229,000 CPD reported). The property is the only bank within one mile, and the surrounding area includes over 930,025 residents with an average household income exceeding $72,064 within a five-mile radius.
Bank of the West is headquartered in San Francisco and, as of 9/30/2020, reported $96.3 billion in assets. The institution carries a Standard and Poor’s “A” rating, and this branch has over $75M in deposits.
Key Highlights
- Bank of the West South Gate branch—8‑branch portfolio in Southern California.
- Tenant will execute a brand‑new absolute triple net lease upon escrow close.
- 10‑year corporate guaranteed lease with 10% rental increases every 5 years (including option periods).
Property Analytics
Location Intelligence
Current Use by Public Records
BMO
Bank
BMO - ATM
Atm
ATM
Bank
FAQs
What type of property is this?
Bank - Bank of the West South Gate branch offers a brand-new absolute triple net lease with a 10-year corporate guarantee.
Where is this bank located?
The property is located at 12135 Garfield Ave South Gate, CA.
What are key features of this property?
This property features: Bank of the West South Gate branch—8‑branch portfolio in Southern California.; Tenant will execute a brand‑new absolute triple net lease upon escrow close.; 10‑year corporate guaranteed lease with 10% rental increases every 5 years (including option periods).
