Single-Tenant Bank
3500 Aviation Blvd Redondo Beach, CA 90278
For Sale
Contact for pricing
Pending
Bank of the West branch is offered for sale with a brand-new 10-year absolute triple-net lease.
Days on Market103
Property Features for 3500 Aviation Blvd
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 22
Last Checked: Jul 23 at 11:36AM
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
Location Intelligence
Current Use by Public Records
BMO
Bank
BMO - ATM
Atm
FAQs
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
