Property History
- $203 Million Deposit at Bank in 2020 - 2nd Highest in Vallejo
- 250,000 SF shopping center. Anchored by Seafood City, DD's & Planet Fitness.
- Early Renewal on Dec 2019 with three (3) additional options to renew. Showing tenants desire and strength in this location.
- No Landlord responsibilities. Tenant maintains all expenses.
- Ideal exchange replacement property
- A+ Credit Tenant
- 50 plus years at this location
Free-standing Bank of America for sale (part of Vallejo Plaza Shopping Center)
Asking Price $4,875,000
Capitalization Rate 5%
Building Area 10,834 SF
Expenses Tenant responsible
Date Occupied by B of A 1970
Financing Existing loan of approximately $1,800,000 at 4.2%. Interest due 3/1/2025. Annual payment of $129,749.
Rent/Expire $ 243,765 expire 12/6/2020
1st Option $ 274,236 expire 12/6/2025
2nd Option $ 308,515 expire 12/6/2030Free-standing Bank of America building for sale on heavily trafficked Sonoma Blvd. in upcoming Vallejo.
Part of the Vallejo Plaza Shopping Center whose major tenants include Dollar Tree, DD Discounts, Planet Fitness, Seafood City, Big 5 and Les Schwab Tires.
HOUSING RENAISSANCE:
* As real estate prices continue to rise in the Bay Area, Vallejo is now in the middle of a renaissance as home buyers flock to the waterfront city in Solano County.
* Nearly a decade removed from municipal bankruptcy, Vallejo boasts a thriving housing market, tech-savvy infrastructure and an improving school system.
* As the property values surge in Oakland and San Francisco, potential buyers have expanded their search area when shopping for a home. This proves to be a boon for Vallejo, which has seen a multi-year rally in its real estate market as their prices remain a fraction of those in the rest of the Bay Area.
TRANSPORTATION:
* By Land: Vallejo is well connected to the Bay Area and Capitol Corridor via Interstate 80 and 780, as well as to the Wine Country by State Highways 37 and 29.
* By Air: Traveling by air is also convenient, as Vallejo is within 50 miles of San Francisco, Oakland and Sacramento international airports.
* By Sea: For goods, Vallejo is convenient to the regional ports of Oakland, San Francisco and Richmond.For commuters, San Francisco is less than an hour away by the Vallejo Baylink Ferry, the high-speed catamaran service.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
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Map
Comparable Properties
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