Listed by Monarch Commercial Advisors
$2,106,000
Corporate BMO Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 3,900
Cap Rate 6.75%
NOI $142,155
Occupancy 100%
Tenancy Single
Lease Type NNN
Year Built 1987
Buildings 1
Stories 1
Acreage 0.497
Parking Spaces 25 spaces
Parking Per SqFt 6.41
CORPORATE BMO BANK
Marketing description
This BMO bank branch, which has been operating at this location since 1987, is backed by one of North America’s largest financial institutions ($1.3T in assets) and generating $90M in deposits. It is located in a dense, growing Bay Area market within Park Place shopping center, which just sold to a national retail developer and is undergoing a major redevelopment. With an investment-grade tenant, NNN lease, strong demographics, and a position in the fast-growing Bay Area, this asset is built for performance.
Listing Contacts
Listed by Monarch Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,155.00
$11,846.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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