450 American St

450 American St, Simi Valley, CA 93065

  • For Sale $36,500,000
  • Property Type Office
  • Property Size 209,404 SF
  • Lot Size 526,750 SF
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 1148
  • Parking Ratio 5.48 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1990
  • Year Renovated 2000
  • Date Updated Jun 9, 2023

Anvers Capital Partner and Peak Commercial, acting as exclusive advisors, proudly present for sale 450 American, an impressive office structure boasting a total area of 209,404 square feet. Set amidst the vibrant surroundings of Simi Valley, California, this remarkable project presents a chance to purchase a Grade-A Investment in one of the most desirable pockets of Los Angeles County.

Currently fully leased by Bank of America, N.A. (S&P: A+; NYSE: BAC) on a triple net (NNN) basis in place until December 2025, the lease structure ensures financial stability with a steady 3% increase in rental income year over year, with 2 additional 5-year options to extend.

Having occupied the property since 1998, Bank of America has continually demonstrated its commitment to the site with the most recent indication being the decision to exercise their most recent extension option ahead of schedule, pushing the expiration to 2025. Their commitment was further demonstrated by allowing their one-time termination option to lapse in March of this year.

Originally built as an industrial building, 450 American was converted into office space in the late 90’s, taking advantage of the massive ceiling heights and open layout. The placement of the property ensures excellent regional accessibility, which enhances its appeal to both current and prospective tenants. One of the standout features of this site is the generous provision for parking, offering an impressive ratio of 5.5 slots per 1,000 rentable square feet (RSF). 

In essence, this proposal represents more than an acquisition of real estate; it is the potential inheritance of a symbiotic relationship with a prestigious and stable tenant, while enjoying strong in-place cash flow.

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Attachments

Contacts

broker

David Meir

Peak Commercial

broker

Jack Minassian

Peak Commercial

Location

Getting Around

  • Walk Score ®

    15/100 Car-Dependent

  • Transit Score ®

    19/100 Minimal Transit

  • Bike Score ®

    8/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Simi Valley, CA
  • Zip Code 93065
  • Market Los Angeles

Points of Interest

  • Moorpark

    5.20 miles

  • Piru

    8.89 miles

  • Costco Gasoline

    0.50 miles

  • Chevron

    0.58 miles

  • 76

    1.05 miles

  • Mobil

    1.09 miles

  • Arco

    1.14 miles

  • Shell

    1.15 miles

  • Blink

    5.28 miles

  • ChargePoint

    8.34 miles

  • Erringer Park And Ride

    1.46 miles

  • Sycamore Dr Park And Ride

    2.45 miles

  • bus parking

    2.60 miles

  • Staff Parking

    2.67 miles

  • Moorpark College Park And Ride

    3.18 miles

  • Tapo Canyon Park And Ride

    3.93 miles

  • Simi Valley Metrolink and Amtrak

    5.34 miles

  • Happy Camp Canyon Trailhead Parking

    5.39 miles

  • Stearns Park And Ride

    5.44 miles

  • Rock Ridge Open Space Trail Head Parking

    6.78 miles

  • Grand Vista Hotel

    0.37 miles

  • Courtyard Ventura Simi Valley

    0.46 miles

  • Best Western Posada Royale Hotel & Suites

    1.31 miles

  • Motel 6

    1.53 miles

  • Holiday Inn Express Simi Valley

    1.54 miles

  • Fairfield Inn & Suites Moorpark Ventura County

    4.23 miles

  • Extended Stay America - Los Angeles - Simi Valley

    5.56 miles

  • Avalon Thousand Oaks Plaza

    8.17 miles

  • Best Western Plus Thousand Oaks Inn

    9.12 miles

  • Hyatt Regency

    9.35 miles

  • Del Taco

    0.49 miles

  • Panda Express

    0.49 miles

  • Dake Sushi

    0.52 miles

  • Panda Wok

    0.52 miles

  • The Dugout Sports Grill

    0.53 miles

  • Chili's

    0.55 miles

  • Jack in the Box

    0.56 miles

  • Market Broiler

    0.57 miles

  • Kalaveras

    0.61 miles

  • Firehouse Subs

    0.67 miles

  • Arroyo Elementary School

    0.97 miles

  • Park View Elementary School

    1.24 miles

  • Simi Valley Adventist School

    1.26 miles

  • Sinaloa Middle School

    1.41 miles

  • Saint Rose of Lima Elementary School

    1.58 miles

  • Madera Elementary School

    1.63 miles

  • Tiny Tot Preschool

    1.66 miles

  • Monte Vista School

    1.73 miles

  • Royal High School

    1.80 miles

  • Atherwood Elementary School

    2.05 miles

  • La Petite Academy

    1.38 miles

  • CBE Preschool

    1.49 miles

  • Simi Valley Montessori Preschool

    1.90 miles

  • Justin Early Learners Academy

    1.90 miles

  • Grace Brethren Preschool

    2.55 miles

  • Tutor Time

    3.22 miles

  • Kids N Things

    4.27 miles

  • Little Scholars Montessori

    5.29 miles

  • Little Explorers Preschool Academy

    5.43 miles

  • KinderCare Thousand Oaks

    6.16 miles

Frequently Asked Questions

How much does 450 American St cost?

The space currently listed for sale at 450 American St asks for $36,500,000.

What is the total square footage of 450 American St?

450 American St totals 209,404 square feet.

When was this property built?

450 American St was built in 1990.

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