Updated Jul 15, 2026
Ironside Realty Acquires Bank Of America Branch In Studio City For $12.72M With Broker Anthony Bird
12223 Ventura Boulevard
$12,722,000
$893/SF
Building Size
14,245 SF
Asset Type
Retail
Closing
Jul 14, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 12223 Ventura Boulevard, Studio City, CA. It features a total square footage of 14,245 and was sold for a price of $12,722,000, which amounts to approximately $893 per square foot. The sale represents the final disposition of a six-property net lease portfolio completed after a six-year assignment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,722,000
- Buyer: Ironside Realty
- Seller: Broadway Tenth/Studio City, LLC
- Broker: Anthony Bird - Surmount
- Square Footage: 14,245
- Price Per Square Foot: $893
Anthony Bird represented Surmount in arranging the sale of the Bank of America branch to Ironside Realty. This transaction reflects the ongoing investor demand for net lease assets supported by creditworthy tenants, concluding a significant portfolio sale in the market.
On the Map
$12,722,000
$893/SF
Retail
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Players
Ventura Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93