Single-Tenant Bank
For Sale
Contact for pricing
Pending
3500 Aviation Blvd, Redondo Beach, CA 90278
Bank of the West branch is offered for sale with a brand-new 10-year absolute triple-net lease.
Property SizeContact for details
Days on Market137
Property Features for 3500 Aviation Blvd
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
59,167 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Apr 12
Changed: Aug 15
Last Checked: Aug 25 at 1:35PM
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.
CBRE presents the opportunity to acquire a Bank of the West branch with a brand-new absolute triple-net lease to be executed at close of escrow. The lease term features 10 years with a corporate guarantee and includes 10% rental increases occurring every 5 years throughout the primary term and option periods.
The Redondo Beach branch is conveniently located just off Manhattan Beach Boulevard and Aviation Boulevard, and is positioned across the street from retailers including Trader Joe’s, Mobil Gas, and McDonald’s. Traffic counts are cited at 59,167 vehicles at the intersection of Manhattan Beach Boulevard and Aviation Boulevard.
Bank of the West is headquartered in San Francisco and is described in the offering materials as carrying a Standard & Poor’s “A” rating, with $96.3 billion in assets as of 9/30/2020. The offering notes the subject branch has over $108M in deposits and that the next closest bank is 1 mile from the property.
The Redondo Beach branch is conveniently located just off Manhattan Beach Boulevard and Aviation Boulevard, and is positioned across the street from retailers including Trader Joe’s, Mobil Gas, and McDonald’s. Traffic counts are cited at 59,167 vehicles at the intersection of Manhattan Beach Boulevard and Aviation Boulevard.
Bank of the West is headquartered in San Francisco and is described in the offering materials as carrying a Standard & Poor’s “A” rating, with $96.3 billion in assets as of 9/30/2020. The offering notes the subject branch has over $108M in deposits and that the next closest bank is 1 mile from the property.
Key Highlights
- Portfolio includes eight (8) Bank of the West branches in Southern California
- Tenant will sign a brand‑new absolute triple‑net lease upon close of escrow
- Lease is 10‑year with a corporate guaranteed structure
Property Analytics
Property Profile
Current Use
Lease Details
59,167 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 41%
Shops & Services 16%
Trader Joe's
Groceries
29,718 visits/mo
0.1 miles
McDonald's
Dining
24,863 visits/mo
0.1 miles
Mobil
Shops & Services
11,255 visits/mo
0.1 miles
Valentino's
Dining
2,451 visits/mo
0.1 miles
Boba Loca
Dining
1,660 visits/mo
0.5 miles
Demographics for 90278, CA
42,188
Population
16,628
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
96%
High-School Grad
3.7 sq mi
ZIP Area
11,402
Density / Sq Mi
$148,581
Median Household Income
$86,999
Median Earnings
$2,417
Median Rent
$1,195,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Bank of the West branch is offered for sale with a brand-new 10-year absolute triple-net lease.
Where is this bank located?
The property is located at 3500 Aviation Blvd Redondo Beach, CA.
What are key features of this property?
This property features: Portfolio includes eight (8) Bank of the West branches in Southern California; Tenant will sign a brand‑new absolute triple‑net lease upon close of escrow; Lease is 10‑year with a corporate guaranteed structure
