Ironside Realty Acquires Bank Of America Branch In Studio City For $12.72M With Broker Anthony Bird

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.