Kidder Mathews is pleased to present an Exclusive Investment Offering for a single tenant bank building located on a significant piece of real estate with future development potential. The property is located at 556 West
9th Street, San Pedro, CA 90731 (“Property”). The Property is currently leased to Citibank (“Tenant”).
 

556 West 9th Street provides an investor the opportunity to acquire a 7,599 square foot building on 29,400 square feet of land. The parcel is located on the north side of West 9th
Street

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The Property is absolute net leased to Citibank Bank. The lease includes four, five-year renewal options. The 2019 Net Operating Income (NOI) is $205,803.

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Investment Highlights

• 2018 deposit base: $140 Million

• The property features future development potential and is located in opportunity zone

• 1.5% annual rent increases

• Located approximately 2 miles from port of Los Angeles which represents 20% of cargo entering the United States

• Visible to over 20,220 vehicles per day in front of the Property